26-April-2024
Economy News
 
States to get loan from agriculture infrastructure fund for Kusum scheme
28-Nov-2020

States have the option to get funding at discounted interest rate through the Rs 1-lakh-crore Agriculture Infrastructure Fund (AIF) if they want to implement the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-Kusum) scheme which aims to remove the use of diesel in irrigation and promote solar technology in the agriculture sector. “The ministry of new and renewable energy (MNRE) will provide Rs 34,422 crore as central financial assistance (CFA) towards the scheme, and for the rest of the amount, states can avail loans at cheaper interest rate from Nabard,” Union power minister RK Singh said on Friday in one of the sessions of RE-Invest, the renewable energy investors’ meet organised by the government every year.

News Source:- https://www.financialexpress.com/economy/states-to-get-loan-from-agri-infra-fund-for-kusum-scheme/2138402/