'Centre weighing Rs 35,000-cr outlay for PM-KUSUM-II': MNRE's Santosh Kumar Sarangi
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- ✓The Centre is weighing a Rs 35,000-crore outlay for PM-KUSUM-II, said MNRE’s Santosh Kumar Sarangi.
- ✓The government plans to focus on farm solarisation and efficient irrigation.
- ✓Officials said, "The next phase is being discussed with the Agriculture Ministry with a greater focus on convergence between renewable energy and agriculture."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Financial Express
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The government plans a Rs 35,000 crore follow-up to PM-KUSUM, focusing on farm solarisation, efficient irrigation, and water conservation, while addressing challenges in solar project demand with acceptable pricing and storage solutions.
Q. What is being planned after PM-KUSUM? Could the new programme have an outlay similar to the existing scheme?
A. The financial support could be broadly similar to the existing PM-KUSUM outlay, though the final amount has not been decided.
The next phase is being discussed with the Agriculture Ministry with a greater focus on convergence between renewable energy and agriculture. It could incorporate modern water-conservation measures and more effective irrigation planning, rather than treating solar pumps as a standalone intervention. The structure and funding mechanism are still under discussion.
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