Cabinet approves solar pump scheme -KUSUM
IREDA to borrow funds to foot a part of Centre’s bill
The Cabinet on Tuesday approved the solar pump scheme — KUSUM (Kisan Urja Suraksha evam Utthaan Mahaabhiyan) — a year after it was announced.
Speaking after the Cabinet meeting, Finance Minister, Arun Jaitley, said, “Barren land will be used for generating solar power and will offer income support to farmers…Funding for this scheme will be accrued through internal and extra-budgetary allocations.”
He said the name KUSUM is not final and though approvals have been given for this name, but the scheme will be renamed appropriately.
