Latest Government Schemes – Suryashakti Kisan Yojana’ for Farmers

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Schemes launched by Government 2018

Latest Schemes launched by Union Government. Schemes launched by Government – Suryashakti Kisan Yojana’ for Farmers.  If you are preparing for SBI, IBPS, LIC, SSC, Railway and others competitive Exams, you may find some questions related to on ongoing important Schemes launched by Union/State Government. Questions based Latest Schemes launched by Union/State Government form a part of the General Awareness section of many Govt. and Bank exams.

Bank and government exams are increasingly raising the level of GA questions. Questions based on Recent Important Committees are commonly asked in banking exams, IBPS, IBPS RRB, RBI, LIC AAO, SBI PO, SBI Clerk, IBPS PO, IBPS Clerk, and other banking exams test your knowledge in General Awareness section. Today we are providing you with an article on the Schemes launched by Government – Suryashakti Kisan Yojana’ for Farmers.

Suryashakti Kisan Yojana’ for Farmers

The Gujarat government launched a solar power scheme for farmers- Suryashakti Kisan Yojana (SKY) enabling them to generate electricity for their captive consumption as well as sell the surplus power to the grid and earn an extra buck.

The scheme aims at empowering farmers of state to generate their own electricity using solar energy and help doubling their income. Under it, farmers of state having existing electricity connection will be given solar panels as per their load requirements. It envisages setting up of separate feeders for agricultural solar energy consumption.

  • Cost Sharing: The State and Central governments will give 60% subsidy on cost of project. The farmer is required to take 5% cost, while 35% will be provided to him as affordable loan with interest rates of 4.5 to 6%.

Duration of scheme: It is 25 years, which is split between 7-year period and 18-year period. For first 7 years, farmers will get per unit rate of Rs 7 (Rs 3.5 by state power utility + Rs 3.5 by state government). For the subsequent 18 years they will get rate of Rs 3.5 for each unit sold.

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