Economics • Indian EconomyHard
Analyze the mechanics and economic objectives of the PM-KUSUM scheme launched by the Government of India. What does the initiative primarily promote?
A. Installation of decentralized solar power plants, solar water pumps, and grid-connection of agricultural pumps to enhance farmers' income and energy security✓ Correct Answer
B. Provision of interest-free agricultural credit exclusively for organic farming cooperatives
C. Construction of cold storage warehouses across rural railway junctions
D. Distribution of high-yielding drought-resistant seed varieties to small landholders
💡 Solution & Explanation
The Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan aims to provide financial and water security to farmers by promoting solar farming and replacing diesel irrigation pumps with standalone solar pumps, alongside grid-connected solar power plants. The scheme enables farmers to monetize barren or cultivable land by setting up solar energy units and selling surplus power back to distribution companies. This intervention reduces agricultural sector dependence on subsidized grid electricity and diesel fuel while lowering carbon emissions. It represents a major convergence of agricultural and renewable energy policies in India.
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