Shakti Pumps announced that it has received a Letter of Empanelment from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for 50,000 off-grid solar photovoltaic water pumping systems under Component-B of PM-KUSUM scheme (Phase-III). The pumps are to be deployed across the state of Maharashtra. The total value of the 50,000 pumps is around INR 1,603 crore ($192.87 million).
Under Component B of the PM KUSUM Scheme, farmers are supported to replace their existing diesel-powered agriculture pumps with standalone solar pumps of capacity up to 7.5 HP in off-grid areas. It specifically focuses on the installation of standalone solar-powered agriculture pumps with capacities of 3, 5, and 7.5 HP.
For all states except for North-eastern states, hill states/union territories and Island union territories, central and state governments will provide a subsidy of 30% each. The remaining 40% will be invested by the farmer for the installation of the solar pump. In North Eastern States, Sikkim, Jammu & Kashmir, Himachal Pradesh, Uttarakhand, Lakshadweep, and Andaman & Nicobar Islands, central financial assistance of up to 50% of the benchmark cost of the standalone solar pump will be provided. The state government will give a subsidy of at least 30%, and the remaining cost of 20% is to be borne by the farmer.
Dinesh Patidar, chairman of Shakti Pumps, said, “Farmers who applied for and were awaiting an electrical connection will be upgraded to solar pumps as part of this effort. These farmers relied on diesel pumps for irrigation or only grew one crop depending on the season. These farmers can now farm all year without worrying about water, while also increasing agricultural productivity with micro-irrigation techniques, in line with the ‘Per Drop More Crop’ philosophy.”
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