Punjab declares 40% subsidy on Solar Pumps
To promote usage of solar pumps over diesel powered one’s Punjab has announced 40 percent subsidy on purchasing solar pumps, for which an amount of Rs 5 Crore has been sanctioned.
Cost of Solar Pump is around INR 2.50 Lakh. After this declaration, 40 %subsidy of this price from state (INR 1 Lakh approximately) and 30% subsidy of this from from centre ( INR 75,000) , can prove to be quite handy in popularizing Solar Pump within the region.
According to CM of Punjab, priority will be given to those farmers who prefer diversification programme where they shift land for paddy to alternative crops such as sugarcane, cotton, soya bean, fruits and vegetables.