PM-KUSUM SCHEME (COMPONENT B and C) - Agri & Rural
PM – KUSUM Scheme (COMPONENT B and C)
Purpose
Component (B)
- Installation of 17.50 Lakh Stand-alone Solar Agriculture Pumps.
Component (C)
- Solarisation of 10 Lakh Grid Connected Agriculture Pumps.
Features
- Type of Facility: Agricultural Term Loan
- Margin: Farmer contribution:10% of benchmark cost of pump.
- Quantum of Loan:
- Minimum loan: Rs. 25,000/-
- Maximum loan: Rs. 10.00 lakhs
- Security: As per Bank’s extant guidelines.
- Repayment: Maximum of 120 months including moratorium.
- Interest rate : - 1-Year MCLR + 350 bps.
- Upfront- fee: As per Bank’s extant guidelines.
- Subsidy:
- Central Financial Assistance (CFA): 30% of the benchmark cost or the tender cost, whichever is lower of the stand-alone solar Agricultural pump.
- State Government: 30%
- Farmer contribution: 10%
- Bank finance: 30%
- Subsidy for North Eastern States, Sikkim, J&K, HP, Uttarakhand, Lakshadweep and A & N Islands:
- Central Financial Assistance (CFA): 50% of the benchmark cost or the tender cost, whichever is lower of the stand-alone solar Agricultural pump.
- State Government: 30%
- Farmer contribution: 10%
- Bank finance: 10%
- Central Financial Assistance (CFA): 30% of the benchmark cost or the tender cost, whichever is lower of the stand-alone solar Agricultural pump.
- Portal : https://pmkusum.mnre.gov.in
- FAQs : For more details, please visit nearest SBI Branch.
- Farmers - Individuals/ joint borrowers who are owner cultivators.
- Preference should be given to farmers using Micro irrigation systems or covered under Micro Irrigation Schemes or who opt for Micro irrigation systems.
Document Required
- Application Form
- Two Passport Size Photographs.
- ID proof such as Driving License/ Aadhar Card/ Voter Identity Card/ Passport.
- Address Proof such as voter ID card, Driving License, Aadhar Card, etc.
- Proof of land holding duly certified by the revenue authorities
- Cropping pattern (Crops grown) with acreage.
- MNRE approved benchmark cost of pump set not exceeding 7.5 HP.
- Documentation should be taken for the net of margin including capital subsidy as subsidy is back ended.
- Any other document as per sanction.
Last Updated On : Tuesday, 01-07-2025

Interest Rates
6.50% p.a.
for loan amount up to Rs. 2 lacs
8.65% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs
Miscellaneous Activities
Limited Time Offers - Unlimited Joy

Rinn Samadhan 2024-25 Scheme (For Agri Segment)

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
6.50% p.a.
for loan amount up to Rs. 2 lacs
8.65% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs