Business Standard

Monday, December 23, 2024 | 09:16 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Funding cloud on Modi govt's solar plan for farmers after FinMin red flag

The Finance Ministry has reportedly asked the Ministry of New and Renewable Energy rework funding plans

Solar Power
Premium

Solar Power

Shreya JaiArup Roychoudhury New Delhi
The government’s ambitious plan to roll out solar power-run irrigation pumps for farmers is facing funding challenges. KUSUM (Kisan Urja Suraksha Evam Utthaan Mahabhiyan), one of PM Narendra Modi's pet projects, may see a reduced budget support as the finance ministry has raised red flags.

KUSUM was announced in the Union Budget this year. In his Independence Day speech on Wednesday, Modi mentioned that KUSUM would help farmers save fuel and earn money.

“We have rolled out the scheme. Farmers can now earn money from farming and earn extra at the same time by selling the additional solar power

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in