Solar Pump Subsidy: India is said to be an agricultural country. Even today a part of the population in India is dependent on agriculture. The Indian government also keeps giving different types of incentives to the farmers to promote agriculture. Irrigation is one of the most important things for agriculture. For which a lot of electricity is used. But due to electricity problem in remote areas of India, the work of irrigation becomes very difficult.
But now farmers are getting more resources for electricity. One of these is solar pump. Through which electrical work is done very easily. And irrigation is completed easily. The Government of India is also giving incentives to farmers for solar pumps. Along with this, subsidy is also being given on this. How much subsidy is being received from the government and how much will it cost? Let us know.
You will get benefits like this
Many schemes are being run by the Central Government for farmers. One of those schemes is Pradhan Mantri Kisan Energy Security and Utthan Maha Abhiyan. Under this scheme, subsidy on solar pumps is being provided to the farmers. In which 30% is being given by the Central Government and the rest is the responsibility of the State Governments. Different rules have been set for this in different states. To avail the benefits of this scheme, farmers will have to apply online.
Lakhs will be saved
75 percent subsidy is being given to the farmers by the state governments for solar pumps. Due to which farmers are benefiting a lot. Farmers are being given solar pumps up to 3 HP and 10 HP for irrigation. After 75 percent subsidy on these solar pumps, the remaining expenses will have to be paid which also includes GST. If a farmer is installing a 5 HP soak pump. Whose market price is Rs 4,53,299. So in this the farmer can save Rs 3,39,224. That means this pump will be available for only Rs 1,14,075. Please note that prices may vary state wise.