TN farmers to get 80% subsidy to buy solar pumps
Farmers in Tamil Nadu will get 80 per cent subsidy to buy solar-powered pump sets for their irrigation needs. Tamil Nadu government last week announced the subsidy. The State Chief Minister J Jayalalithaa said these 2,000 AC pump sets would have five Horse Power engines and provided with solar tracking panels.
She added that though each of these units would cost Rs five lakh, farmers need to pay only Rs one lakh as the balance would be covered by the government as subsidy. This would cost the exchequer a sum of Rs 100 crore, she added.
To facilitate farmers to avail this subsidy, these would be lent loans under stipulated provisions in cooperative banks, Jayalalithaa said. The Chief Minister also said the government would soon give 500 solar-powered pump sets with 80 per cent subsidy to farmers in Cauvery delta region through Tamil Nadu Energy Development Agency ( TEDA).