logo
Horti dept offers 50% subsidy on solar pumps for Mysuru, Chamarajanagar farmers

Horti dept offers 50% subsidy on solar pumps for Mysuru, Chamarajanagar farmers

Time of India07-06-2025

Mysuru: The horticulture department has introduced a 50% subsidy on solar-powered irrigation pumps for growers in Mysuru and Chamarajanagar. Under the scheme, Rs 1 lakh will be provided for a 3 HP solar pump and Rs 3 lakh for a 5 HP pump.
The initiative not only reduces operational costs, but also promotes sustainable irrigation over diesel or grid-powered systems.
Farmers cultivating horticulture crops in their fields can apply for the scheme without the condition of having drip irrigation and sprinkler systems installed to avail themselves of the benefit. The department has given preference to small and marginal farmers in the first phase and plans to extend the scheme to others later.
To obtain this benefit for the installation of solar pumps from the horticulture department, farmers must submit a written affidavit certified by Karnataka Renewable Energy Development Limited, stating that they did not benefit from KREDL and did not avail themselves of the benefit from the PM KUSUM scheme.
Both Chamarajanagar and Mysuru districts have set a target of distribution for 213 farmers in the twin districts after identifying the beneficiaries taluk-wise in the 2025-26 financial year.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch vàng CFDs với sàn môi giới tin cậy
IC Markets
Tìm hiểu thêm
Undo
To avail themselves of the subsidy benefit from the horticulture department for the installation of solar pumps, farmers must obtain prior work order permission from the office of the deputy director of horticulture after submitting an application with their taluk assistant director of horticulture, Chamarajanagar deputy director of horticulture Shivarprasad told TOI.
Farmers must install solar pumps after purchasing them from a certified company from the state energy department at their own cost, then claim the subsidy amount after full installation from the department, he said.
He mentioned that apart from providing a 50% subsidy for the installation of solar pumps, his department has also provided a 75% subsidy to encourage honeybee farming for general category farmers and a 90% subsidy for SC/ST farmers.
Speaking to TOI, deputy director of horticulture of Mysuru district, Manjunath Angadi said that the department has already given instructions to all taluk assistant directors of horticulture to start identifying the beneficiaries to avail themselves of the subsidy benefit for the installation of solar pumps in their horticulture fields and start distributing subsidies after the completion of installation.
The department has decided to encourage farmers to adopt such renewable energy solutions by installing solar pumps. This scheme is entirely different from the PM Kusum scheme, he said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NTPC fundraising: Board clears Rs 18,000 crore bond, NCD plan; postal ballot to follow
NTPC fundraising: Board clears Rs 18,000 crore bond, NCD plan; postal ballot to follow

Time of India

time12 minutes ago

  • Time of India

NTPC fundraising: Board clears Rs 18,000 crore bond, NCD plan; postal ballot to follow

NEW DELHI: State-run power major NTPC Ltd on Saturday said its board has approved a proposal to raise up to Rs 18,000 crore through issuance of non-convertible debentures (NCDs) or bonds via private placement in the domestic market. Tired of too many ads? go ad free now According to a regulatory filing, the company's board gave its nod during a meeting held earlier in the day, and also cleared a draft notice for a postal ballot to seek shareholder approval for the fundraising plan, PTI reported. NTPC said the fundraising will be done in one or more tranches, not exceeding 12, during the one-year period from the date of passing the special resolution by shareholders. The company has fixed Friday, June 21, as the cut-off date to determine the names of members entitled to receive the postal ballot notice and exercise voting rights. The proposed NCDs or bonds will be issued on a private placement basis, the company said, without disclosing the exact timing or the utilisation plan for the proceeds.

Plans to make mutual fund rules more investor and industry friendly: Sebi official
Plans to make mutual fund rules more investor and industry friendly: Sebi official

Time of India

time15 minutes ago

  • Time of India

Plans to make mutual fund rules more investor and industry friendly: Sebi official

Live Events The Securities and Exchange Board of India (SEBI) is undertaking a comprehensive review of mutual fund regulations to make them more investor-centric and industry-friendly, a senior official said on Saturday."We are reviewing the entire mutual fund regulatory framework to enhance ease of doing business for all stakeholders, including the regulator," SEBI executive director Manoj Kumar said at the 17th Mutual Fund Summit organised by the Indian Chamber of Commerce (ICC) regulations governing the sector are among the lengthiest and require simplification to keep pace with evolving investor needs and industry innovations, stakeholders said."The process has started and soon we will come out with draft regulations for feedback and consultation process before it is finalised," Kumar said without giving any timeline for the rollout of the new outlined the regulator's strategic roadmap to strengthen India's securities market, with mutual funds positioned as a critical pillar in fostering inclusive financial growth and investor protection.A consultation paper on regulations which governs advisory functions in mutual funds is also in the the event, Kumar said India has undergone major market transformations under SEBI's include the shift to an electronic trading ecosystem in 1998, followed by achieving 100 per cent dematerialisation of shares, making India the only jurisdiction globally to do so."The third transformation is unfolding now through the mutual fund revolution," he said, calling it a cornerstone of SEBI's "optimum regulation" approach, one that seeks balance among the interests of the regulator, the industry, and India's mutual fund industry has crossed Rs 72 lakh-crore in AUM and monthly SIP contributions have touched Rs 28,000 crore, the investor base remains limited to just five crore in a population of 140 crore, Kumar pointed is also actively reviewing scheme categorisation norms to make them more intuitive for investors, while ensuring all offerings remain "true to label" to prevent offer wider choice to investors, SEBI has approved a new product category, referred to as SIF, aimed at investors with ticket sizes between Rs 10 lakh and Rs 50 funds were selected to manage these products given their established governance and handling of retail SEBI has opened faster registration windows for Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) with similar industry concerns over stress test disclosures for mid- and small-cap funds, Kumar reaffirmed SEBI's disclosure-based regulatory model, stressing that informed investors are central to market he acknowledged that some disclosure requirements may seem burdensome, he assured stakeholders that SEBI remains open to feedback and streamlining urged the industry to avoid situations that warrant regulatory intervention, saying, "Our goal is not to disrupt but to allow business to thrive."Highlighting the untapped potential in eastern India, Kumar said SEBI views West Bengal and the Northeast as strategic regions for mutual fund expansion, underscoring the need for targeted penetration this vision, AMFI chief executive V N Chalasani said India is transitioning from financial inclusion to financial well-being, where saving smartly and investing wisely will enable sustainable wealth cited the exponential growth of mutual funds post-2017, following SEBI's investor education mandate, which helped expand the investor base and improve financial Chalasani pointed out that India's mutual fund AUM still forms only about 20 per cent of GDP, compared to a global average of 65 per stressed the need for deeper financial literacy, especially in Tier 3 and 4 cities, where AMFI is focusing through school and university programmes, distributor expansion via India Post, and new product innovations aimed at mid-income investors."Every Indian can evolve from a saver to an investor and ultimately a wealth creator," he said, calling for sustained collaboration between regulators, industry, educators and investors to build an empowered, financially resilient India. PTI

Gas blowout at ONGC's Assam well under control: Flow drops sharply, US experts back containment plan
Gas blowout at ONGC's Assam well under control: Flow drops sharply, US experts back containment plan

Time of India

time17 minutes ago

  • Time of India

Gas blowout at ONGC's Assam well under control: Flow drops sharply, US experts back containment plan

NEW DELHI: State-run Oil and Natural Gas Corporation ( ONGC ) on Saturday said it had made significant progress in its efforts to contain the gas blowout at well RDS#147A in Assam's Rudrasagar oilfield, with the flow rate of natural gas having reduced substantially. The blowout — or uncontrolled gas flow — occurred on June 12 at a well operated by private contractor S K Petro Services in Barichuk, Sivasagar district. 'ONGC has made significant headway in its well control operations at RDS#147A, with the flow rate of gas having reduced substantially, marking a critical step forward in containment efforts,' the company said in a statement, PTI reported. An international expert team from US-based CUDD Pressure Control arrived at the site on Friday and reviewed ONGC's containment strategy. According to the company, the experts expressed agreement with the steps taken and affirmed the effectiveness of ONGC's approach. While ONGC did not specify a timeline for bringing the well completely under control, it said site preparations were underway for the next phase of operations, which include removal of tubulars from the well and mobilisation of cranes to assist in clearing the rig floor. As part of safety measures, 24x7 water blanketing continues, and flood-level monitoring of the nearby Dikhow River is in progress to ensure environmental compliance. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo 'ONGC is continuously monitoring the low explosive limit (LEL) levels of air around the well site through real-time gas detectors to ensure safety. Medical assistance is being provided at the relief camp to support all those in need,' the statement added. Oil Minister Hardeep Singh Puri, in a LinkedIn post on Friday, said he was closely monitoring the operations. 'The Crisis Management Team headed by experienced blowout control specialists are on the job,' he wrote. He confirmed that nearby residents had been relocated to a relief camp, with food, security, and essential supplies arranged by local authorities. Water blanketing was being used as a key precaution to prevent fire, he said. Puri also noted that the composition of gas — mostly methane (97%) — was dispersing upward and not accumulating at ground level, thereby limiting the hazard. 'Air quality monitoring shows levels are within safe limits even at a 50-100 metre radius from the well,' the minister added. The wellhead pressure has dropped significantly — from 2,600 psi to 500 psi — a sign of falling gas intensity. 'We are trying to contain the situation through junk shot operation and will try pumping kill fluids today. If this does not suffice, capping of the well shall also be considered,' Puri said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store