• Pradhan Mantri'S Kusum Scheme

Helping millions of Indian farmers benefit from our schemes.

Bank of Baroda, for rural India, with rural India.

Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM-KUSUM Scheme)

  • Benefits
  • Features
  • Eligibility Criteria
  • Document Required
  • Fees & Charges
  • Most Important Terms & Conditions (MITC)

Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM-KUSUM Scheme) : Benefits

Subsidy available under PM KUSUM scheme

Particulars Central Subsidy State Subsidy Total Subsidy
Component A NIL NIL NIL
Component B 30% 30% 60%
Component C 30% 30% 60%

Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM-KUSUM Scheme) : Features

For financing Installation of

  • Small renewable energy project of 2 MW
  • Installation of standalone solar pumps and
  • Solarization of existing grid connected agriculture pumps.

Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM-KUSUM Scheme) : Eligibility Criteria

Farmers, Group of farmers, Co-Operative of farmers, Panchayat, Farmer Production Organisations (FPO), Water User Association (WUA) who have their own or lease land and are engaged in setting up of

  • Component A: Setting up of Decentralized Ground/ Stilt Mounted Grid Connected solar or other Renewable Energy Based Power Plants of individual plant size from 5OO KW to 2MW.
  • Component B: Installation of standalone Solar powered Agriculture Pumps of individual pump capacity up to 7.5 HP.
  • Component C: Solarisation of Grid-connected Agriculture Pumps

Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM-KUSUM Scheme) : Document Required

  • KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
  • Passport Size photo
  • Land Record
  • Quotation/Invoice (if available)
  • Project Report (if available)
  • IT Returns (if available)

Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM-KUSUM Scheme) : Fees & Charges

Processing charges:

  • Waived upto Aggregate Agriculture exposure upto Rs. 3.00 Lakhs
  • Above Rs 3 Lakhs - DL/TL 1 % of the limit sanctioned with a maximum of Rs 100 lacs.

Inspection Charges:

  • Agriculture exposure upto Rs. 3.00 Lakhs- Nil
  • Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
  • Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
  • Above Rs 1 Crore - Rs 5000

Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM-KUSUM Scheme) : Most Important Terms & Conditions (MITC)

Project Cost & maximum Loan component
Particular Project Cost Maximum Loan
Component A Rs. 3.5 Crores/ MW Maximum: Rs. 7.00 Crores for 2 MW Rs. 1000 Lakhs
Component B Rs. 3.25 Lakhs per pump Rs.0.97 Lakhs
Component C Rs. 4.50 Lakhs per pump Rs. 1.35 Lakhs
Repayment
  • Component A: maximum period 15 year including moratorium period 6 months
  • Component B & C: Maximum period of 10 years including maximum moratorium period of 6 months
Margin

Component A: 30%
Component B & Component C: 10%

Security
Component A Component B Component C
Hypo. Of Assets Hypo. Of Assets Hypo. Of Assets
Mortgage of land or third party Guarantee. Mortgage of Land or third party guarantee applicable as per security norms for Agriculture accounts.
Rate of Interest
  • For limit upto Rs 25.00 Lakhs
    Particulars Rate of Interest
    Limits upto Rs 3.00 Lakhs 1 Year MCLR+SP
    Limits above Rs. 3.00 Lakhs and less than Rs. 25.00 Lakhs 1 Year MCLR+SP+1.25%
  • For limits of Rs. 25.00 Lakhs and above
    For DL period less than 3 vears 1 year MCLR+SP+2.00%
    For loans 3 years and above and upto 5 years 1 year MCLR+SP+2.10%
    For loans above 5 years and upto 10 years 1 year MCLR+SP+2.15%
    For loans above 10 Years 1 year MCLR+SP+2.95%

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Need Assistance?

Frequently Asked Questions (FAQs)

  • What is the PM Kusum scheme?

    Ministry of New and Renewable Energy (MNRE) has launched the Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM - KUSUM) to increase their connectivity to renewable energy by installing a grid of solar pumps.

  • What is the process to avail loan under PM Kusum Yojana?

    State Nodal Agency (SNA) coordinate with states and union territories for implementation of the PM Yojna Kusum Scheme. You can apply online by clicking on ‘Apply Now’ button on the top of this page or visit the nearest branch of Bank of Baroda.

  • How does PM Kusum Yojana contribute to the growth of Indian agriculture sector?

    PM-KUSUM Yojna Plan provides an opportunity to utilise their barren and uncultivable land or cultivable land for setting up of solar or other renewable energy-based power plants.

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