Positive impactSector
PM-KUSUM 2.0 aims at a more sustainable blend of food & energy security: MNRE Secretary
BusinessLine 10 hrs ago·8 Oct 2026, 5:48 pm
The government has unveiled a major expansion of the PM-KUSUM scheme, known as PM-KUSUM 2.0. The new plan focuses on adding solar power capacity to the existing grid. It aims to integrate renewable energy with food security by promoting solar pumps for irrigation. This initiative is designed to make the energy mix more sustainable and reduce the country's reliance on fossil fuels.
For investors, this policy shift is significant as it signals strong government support for the renewable energy sector. It creates a favorable environment for companies involved in solar power generation and distribution. The move could boost the long-term growth prospects for these businesses, making them attractive to investors looking for exposure to the green energy transition.
Investors should watch for the specific implementation details and funding allocation in the upcoming budget. The success of the scheme will depend on the speed of execution and the ability of the government to provide necessary subsidies. Monitoring these factors will be crucial to understanding the impact on the sector.
Excerpt from BusinessLine
Emphasising that PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) helped the farm sector in reducing irrigation costs and generating additional income, Santosh Kumar Sarangi, Secretary of the Ministry of New & Renewable Energy, said that PM-KUSUM 2.0 will integrate learnings from the first scheme,…Read the original at BusinessLine
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