Suryashakthi Kisan Yojana

India is a country with enormous potential for solar energy capacity as the majority of the country's tropical landmass is located ideally for peak solar radiation. The State Government of Gujarat perceived this to be an opportunity to double the income of the farmer and initiated a pilot project called Suryashakthi Kisan Yojana. This scheme offers finance for the installation of solar panels and serves the electricity demands faced by the farmers. Moreover, it enables the farmer to gain profit by selling the excess electricity generated after domestic consumption.

About Suryashakthi Kisan Yojana

The government has planned to launch this scheme across 33 districts with 12,400 farmers participating in it. Further, it has aimed to set up 137 feeders, which will generate about 175 MW of electricity every year. The overall budget estimated for the implementation of this scheme is Rs.870 Crores. The Government is in agreement with the farmers to purchase electricity for a period of 25 years. The electricity supply for irrigation purposes was 8 hours, which will be 12 hours of uninterrupted supply under this scheme. By 2022, it is expected that 100 GigaWatts (GW) of energy capacity be generated from solar power.

Planning Operation of Suryashakthi Kisan Yojana

The period of SKY scheme lasts for a time of 25 years that has been split into two phases. In the first phase i.e., for 7 years the Government will buy electricity at the rate of Rs 7 per unit from the farmers until the loan is repaid. After seven years, the government will buy power from farmers at the rate of Rs.3.5 for 18 years during which the farmer owns the profit. The electricity generated can also be sold to power companies. The Central and the State Government jointly bear 60% of the total cost incurred for the installation of solar panels. The farmer should initially spend 5% of the expenses made for the establishment and the balance 35% will be paid in a 7-year period. For this purpose, bank loans are provided.

Bank Loan

NABARD (National Bank for Agriculture and Rural Development) lends financial support to the farmers. Loans for the farmers will be sanctioned by NABARD at an interest rate of 4.5%.

Note: This scheme is for those farmers who are the current consumers of power companies.

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Frequently Asked Questions

Common questions about Suryashakthi Kisan Yojana: Solar Power Initiative in Gujarat.

The Suryashakthi Kisan Yojana is a scheme initiated by the Gujarat State Government to help farmers install solar panels and generate electricity for their own consumption and sell the excess to the government. It aims to double the income of farmers by enabling them to profit from generating and selling solar energy.

The Suryashakthi Kisan Yojana benefits farmers in multiple ways. It provides financial assistance for installing solar panels, enables them to meet their own electricity demands for irrigation, and allows them to sell excess electricity generated to the government at a predetermined rate, thereby creating an additional source of income.

The Suryashakthi Kisan Yojana has a duration of 25 years, split into two phases. In the first phase of 7 years, the government will purchase electricity from the farmers at a rate of Rs 7 per unit until the loan is repaid. In the second phase of 18 years, the government will purchase electricity at a rate of Rs 3.5 per unit, during which the farmer owns the profit.

The Central and State Governments jointly bear 60% of the total cost incurred for the installation of solar panels under the Suryashakthi Kisan Yojana. The farmer needs to initially spend 5% of the expenses, and the balance 35% is to be paid over a period of 7 years through bank loans.

NABARD (National Bank for Agriculture and Rural Development) provides financial support to the farmers by sanctioning loans for the installation of solar panels under the Suryashakthi Kisan Yojana. These loans are offered at an interest rate of 4.5%.

The Gujarat Government aims to set up 137 feeders under the Suryashakthi Kisan Yojana, which will generate about 175 MW of electricity every year. By 2022, it is expected that 100 GigaWatts (GW) of energy capacity will be generated from solar power in India.

The Gujarat Government has planned to launch the Suryashakthi Kisan Yojana across 33 districts, with 12,400 farmers participating in the scheme.

The overall budget estimated for the implementation of the Suryashakthi Kisan Yojana is Rs. 870 Crores.

Currently, the electricity supply for irrigation purposes is 8 hours. Under the Suryashakthi Kisan Yojana, farmers will receive 12 hours of uninterrupted electricity supply for irrigation purposes.

The Suryashakthi Kisan Yojana is open to farmers who are current consumers of power companies in Gujarat.