PM KUSUM Yojana 2026 – Complete Guide: Solar Pump Loan, Subsidy & EMI Calculator
PM KUSUM Yojana 2026 (Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan) is India’s flagship solar pump subsidy scheme under the Ministry of New and Renewable Energy (MNRE). Launched to solarise Indian agriculture, PM KUSUM Yojana 2026 offers farmers up to 60% subsidy on solar pumps — with the farmer needing to pay only 10% of the total pump cost. The scheme has a national target of 35 lakh solar pumps and is currently extended till 31 March 2027. Eligible NRIs returning to India with agricultural landholdings may also benefit from this scheme. Read on for complete eligibility details, subsidy calculation, EMI breakdown, and how to apply via agrijob.in.
Table of Contents
PM KUSUM Yojana 2026 – Quick Overview
| Parameter | Details |
|---|---|
| Scheme Name | Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) |
| Launched By | Ministry of New and Renewable Energy (MNRE), Govt. of India |
| Year | 2019 (Revised Guidelines 2026) |
| National Target | 35 Lakh Solar Pumps (Components A + B + C) |
| Central Subsidy | 30% of Benchmark Cost |
| State Subsidy | 30% of Benchmark Cost |
| Bank Loan | 30% of Benchmark Cost (up to ₹10 Lakh) |
| Farmer Share | 10% (Own Contribution) |
| Pump Capacity | Up to 7.5 HP (Component-B standalone pumps) |
| Scheme Deadline | 31 March 2027 (Extended for PPAs ≤ 31 Dec 2025) |
| Official Website | mnre.gov.in |
| Application Mode | Online via State Nodal Agency Portal |
PM KUSUM Yojana 2026 – Components Explained
PM KUSUM Yojana 2026 has three distinct components, each targeting a different need of Indian farmers. Understanding these components is essential before applying.
| Component | What It Covers | Capacity | Target |
|---|---|---|---|
| Component A | Decentralised Renewable Energy Power Plants (10 kW – 2 MW) on barren / fallow land; sell power to DISCOM | 10 kW – 2 MW per plant | 10,000 MW |
| Component B | Standalone Off-Grid Solar Agriculture Pumps (NEW pump installation) | Up to 7.5 HP | 20 Lakh Pumps |
| Component C | Solarisation of existing grid-connected agriculture pumps (feeder separation) | 7.5 HP equiv. | 15 Lakh Pumps |
Most individual farmers apply under Component B — the standalone solar pump programme. This is the most popular component and the one covered in this EMI calculator guide.
PM KUSUM Yojana 2026 – Subsidy Breakdown & Cost Calculation
Under PM KUSUM Yojana 2026, the total cost of the solar pump is divided into four parts. Here is how the subsidy actually works with real numbers:
| Pump Capacity | Approx. Total Cost | Central Subsidy (30%) | State Subsidy (30%) | Bank Loan (30%) | Farmer Pays (10%) |
|---|---|---|---|---|---|
| 2 HP | ₹1,20,000 | ₹36,000 | ₹36,000 | ₹36,000 | ₹12,000 |
| 3 HP | ₹1,80,000 | ₹54,000 | ₹54,000 | ₹54,000 | ₹18,000 |
| 5 HP | ₹2,50,000 | ₹75,000 | ₹75,000 | ₹75,000 | ₹25,000 |
| 7.5 HP | ₹3,50,000 | ₹1,05,000 | ₹1,05,000 | ₹1,05,000 | ₹35,000 |
Note: Benchmark costs vary by state. The above are indicative national benchmark figures. Actual state-specific benchmark costs may differ. Always check your state nodal agency’s latest notification.
PM KUSUM Yojana 2026 – EMI Calculator (Bank Loan Component)
The 30% bank loan component under PM KUSUM Yojana 2026 is repaid as EMI over a period of 5 to 10 years. The interest rate is typically between 7% to 9% per annum (varies by bank and state). Here is an EMI table for the bank loan portion:
| Pump (HP) | Bank Loan Amount | Loan Tenor | Interest Rate | Monthly EMI (Approx.) |
|---|---|---|---|---|
| 2 HP | ₹36,000 | 5 Years | 7% | ₹713/month |
| 3 HP | ₹54,000 | 7 Years | 7.5% | ₹843/month |
| 5 HP | ₹75,000 | 7 Years | 8% | ₹1,148/month |
| 7.5 HP | ₹1,05,000 | 10 Years | 9% | ₹1,330/month |
EMI Formula: EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P = Principal Loan, r = monthly interest rate, n = number of months.
Banks participating in PM KUSUM Yojana 2026 include State Bank of India (SBI), Punjab National Bank (PNB), Union Bank of India, Bank of Baroda, Axis Bank, HDFC Bank, and various Regional Rural Banks (RRBs) and Cooperative Banks. The subsidy (60%) is directly transferred to the vendor at the back end — the farmer only services the 30% loan amount as EMI.
Application Fee
| Category | Registration / Application Fee |
|---|---|
| All Farmer Categories (General / OBC / SC / ST) | ₹0 — No Application Fee |
| Component A (Small Producer / Developer) | As per State Nodal Agency (nominal processing fee may apply) |
Age Limit
| Criterion | Requirement |
|---|---|
| Minimum Age | 18 years |
| Maximum Age | No upper age limit |
| Age Relaxation | Not Applicable (scheme, not recruitment) |
PM KUSUM Yojana 2026 – Vacancy / Target Details
| Component | National Target (Pumps / MW) | Status (As of 2026) |
|---|---|---|
| Component A – Solar Power Plants | 10,000 MW | Ongoing – State tenders active |
| Component B – Standalone Solar Pumps | 20,00,000 pumps | Applications open in most states |
| Component C – Grid Pump Solarisation | 15,00,000 pumps | Ongoing – Feeder separation in progress |
| Total | 35 Lakh+ Pumps | Deadline: 31 March 2027 |
Eligibility and Qualification
- Any Indian farmer holding valid agricultural land records (Khasra / Khatauni / Jamabandi) is eligible for PM KUSUM Yojana 2026.
- Farmer Groups, Cooperatives, Panchayats, Farmer Producer Organisations (FPOs) and Water User Associations (WUAs) are also eligible under Component A & C.
- Farmer must have an operational bank account (preferably linked to Aadhaar / Jan Dhan).
- The land must be own agricultural land — leased land may not qualify in some states (check state guidelines).
- There should be no existing electric pump connection on the same piece of land for Component B applications.
- Farmer must be willing to sign a Pump Installation Agreement with the empanelled vendor.
- For Component A, the developer / farmer must have valid land, and the state must have a DISCOM willing to purchase power under a PPA (Power Purchase Agreement).
- NRI farmers (Non-Resident Indians) who hold valid agricultural land in India through a family member or direct ownership (as permitted by FEMA) may apply through a local authorised representative. This is a great opportunity for NRIs returning to India to invest in sustainable agriculture infrastructure.
Documents Required for PM KUSUM Yojana 2026
- Aadhaar Card (mandatory for identity & DBT)
- Land records (certified copy of Khasra / Khatauni / Patta)
- Bank Passbook (front page with IFSC, account number)
- Passport-size photographs (2–4)
- Mobile number linked to Aadhaar
- Caste Certificate (if applying for additional state relaxation)
- Cropping pattern / last agricultural activity proof (some states)
- No-dues certificate from existing bank loan (some states)
Selection Process
- Online Registration – Submit application on State Nodal Agency (SNA) portal / MNRE portal.
- Document Verification – State agency verifies land records, bank details, Aadhaar linkage.
- Beneficiary Selection – Waitlist drawn based on state priority (SC/ST/small farmers may get priority).
- Loan Sanctioning – Empanelled bank sanctions 30% loan post approval.
- Vendor Assignment – Empanelled solar vendor assigned for pump supply & installation.
- Installation & Inspection – Pump installed and geo-tagged; photo evidence uploaded.
- Subsidy Disbursement – Central + State 60% subsidy credited to vendor. EMI begins for farmer.
How to Apply Online for PM KUSUM Yojana 2026
- Visit the official MNRE website: mnre.gov.in OR your State’s PM-KUSUM portal (e.g., UP: upneda.org.in, Rajasthan: rreclmis.energy.rajasthan.gov.in, MP: cmsolarpump.mp.gov.in).
- Click on “PM KUSUM – Component B / Farmer Registration” link.
- Fill the online application form with: Name, Father’s Name, Aadhaar Number, Mobile Number, Land Survey Number, Village, District, Bank Account Details.
- Upload scanned copies of all required documents (PDF / JPEG format, each under 1 MB).
- Submit the form and note down your Application Reference Number.
- Visit the nearest Common Service Centre (CSC) or State Agriculture Department office for physical verification if required.
- Apply for the 30% bank loan at your nearest branch of any empanelled bank (SBI / PNB / Union Bank etc.) with the approval letter from SNA.
- After loan sanction, deposit your 10% own contribution with the State Nodal Agency or vendor (as per state guidelines).
- The empanelled vendor will contact you for pump installation within the stipulated timeline.
- After geo-tagged installation verification, subsidy will be credited and your EMI schedule will begin.
State-wise PM KUSUM Yojana 2026 Portal Links
| State | Nodal Agency | Portal / Status |
|---|---|---|
| Rajasthan | RREC (Rajasthan Renewable Energy Corporation) | rreclmis.energy.rajasthan.gov.in |
| Uttar Pradesh | UPNEDA | upneda.org.in |
| Madhya Pradesh | MPUVN / CREDA | cmsolarpump.mp.gov.in |
| Maharashtra | MSEDCL / MAHAURJA | mahaurja.com |
| Bihar | BREDA | breda.bih.nic.in |
| Punjab | PEDA | peda.gov.in |
| Haryana | HAREDA | hareda.gov.in |
| Gujarat | GEDA / UGVCL | geda.gujarat.gov.in |
| Karnataka | KREDL | kredlinfo.kar.nic.in |
| All States | MNRE National Portal | mnre.gov.in/pm-kusum |
Is PM KUSUM Yojana 2026 a Good Investment for NRIs and International Agriculture Graduates?
PM KUSUM Yojana 2026 represents one of the most subsidised agricultural infrastructure investments available in India today. For NRIs returning to India who hold agricultural land, this scheme offers an almost-free solar irrigation solution — a stark contrast to the USA or UK where solar irrigation systems costing $5,000–$15,000 attract minimal government support.
In an India vs USA comparison, a 5 HP solar pump in the US market costs approximately $8,000–$12,000 with no federal agriculture-specific subsidy. Under PM KUSUM Yojana 2026, the same capacity pump in India costs approximately ₹2.5 Lakh (~$3,000) — and the farmer pays only ₹25,000 (~$300). This 90% cost reduction makes PM KUSUM one of the world’s most generous renewable energy agriculture schemes.
For international agriculture students returning to India after BSc Agri or MSc programmes abroad, solar pump adoption directly translates to: elimination of diesel irrigation costs, improved groundwater sustainability, 24/7 irrigation independence, and potential income from surplus solar power sold back to the grid (under Component A/C). The scheme is also aligned with India’s NDC commitments and Sustainable Development Goal 7 (Affordable Clean Energy).
Eligible NRIs living abroad who have family members holding agricultural land in India may apply through an authorised Power of Attorney holder. The scheme is open across all states, making it accessible for the Indian agricultural diaspora looking to invest in home-country sustainable farming infrastructure.
PM KUSUM Yojana 2026 – Benefits Summary
- ✅ 60% subsidy (30% Central + 30% State) — no repayment required
- ✅ 30% soft loan from bank at 7–9% with 5–10 year repayment
- ✅ Farmer pays only 10% upfront — very low entry barrier
- ✅ Zero diesel cost — complete energy independence for irrigation
- ✅ Surplus power can be sold to DISCOM under Component C — additional income
- ✅ Solar pump lifespan of 25 years — long-term asset creation
- ✅ No electricity bill for irrigation — saves ₹50,000–₹1,50,000/year depending on usage
- ✅ Reduces carbon footprint — supports India’s climate goals
- ✅ Geo-tagged installation ensures accountability and warranty compliance
Important Links
| Link | URL |
|---|---|
| MNRE Official Website | mnre.gov.in |
| PM KUSUM Guidelines PDF (MNRE) | Click Here |
| Apply Online (State Portal) | Visit Your State SNA Portal |
| More Agriculture Scheme News | Latest Agriculture Jobs & Schemes |
| Latest Govt Jobs 2026 | Govt Jobs 2026 |
| Join Telegram for Alerts | agrijob.in Telegram Channel |
Frequently Asked Questions about PM KUSUM Yojana 2026
Q1. What is PM KUSUM Yojana 2026?
PM KUSUM Yojana 2026 (Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan) is a central government scheme by MNRE that provides up to 60% subsidy to Indian farmers for installing solar-powered irrigation pumps, reducing dependence on diesel and electricity.
Q2. What is the farmer’s share in PM KUSUM Yojana 2026?
Under PM KUSUM Yojana 2026, the farmer needs to contribute only 10% of the total benchmark cost of the solar pump. The remaining 90% is covered by 30% Central Subsidy + 30% State Subsidy + 30% Bank Loan.
Q3. What is the maximum pump capacity under PM KUSUM Component B?
The maximum pump capacity under Component B (standalone solar pump) is 7.5 HP. Pumps available include 2 HP, 3 HP, 5 HP, and 7.5 HP variants depending on land size and irrigation requirement.
Q4. How to calculate EMI for PM KUSUM Yojana 2026 bank loan?
The bank loan = 30% of benchmark cost. EMI = [P × r × (1+r)^n] / [(1+r)^n – 1]. For example, a 5 HP pump loan of ₹75,000 at 8% for 7 years gives an EMI of approximately ₹1,148/month. Refer to the EMI table in this post for quick reference.
Q5. What is the last date to apply for PM KUSUM Yojana 2026?
The scheme has been extended till 31 March 2027 for projects with Power Purchase Agreements (PPAs) signed on or before 31 December 2025. However, individual state application windows vary — apply as early as possible to avoid waiting lists.
Q6. Can NRIs or Indian students abroad apply for PM KUSUM Yojana 2026?
NRI farmers who hold valid agricultural land in India (directly or through family) can apply for PM KUSUM Yojana 2026 through an authorised Power of Attorney holder. All Aadhaar-linked documentation must be in order. This is a great scheme for NRIs investing in sustainable agriculture in India.
Final Thoughts on PM KUSUM Yojana 2026
PM KUSUM Yojana 2026 is one of the most farmer-friendly government schemes ever launched in India, offering solar energy independence at just 10% of the total cost. With a national target of 35 lakh pumps and a deadline of 31 March 2027, the window to apply is still open — but beneficiary lists fill up fast in most states. If you are an Indian farmer, cooperative, or FPO with agricultural land, applying for PM KUSUM Yojana 2026 is a decision that will pay dividends for the next 25 years through zero-cost solar irrigation. Apply before 31 March 2027 and visit agrijob.in for more agriculture scheme updates, government job alerts, and solar farming news.
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