PM KUSUM Yojana: Banks Directed to Expedite Loans for Solar Projects; Monthly Zonal Camps in Rajasthan from July

JAIPUR: In a major push to accelerate the implementation of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme in Rajasthan, Discoms Chairman and Managing Director of Jaipur Vidyut Vitran Nigam, Ms. Aarti Dogra, convened a high-level meeting on Wednesday at Vidyut Bhawan. Engaging with solar power developers and banking representatives, she strongly directed financial institutions to eliminate practical hurdles and expedite the loan approval process, ensuring timely financial assistance for eligible developers to boost green energy in the agricultural sector.

Key Highlights of this News:

• Hassle-Free Loan Approvals: The Discoms Chairman instructed banks to avoid unnecessary administrative delays and introduce practical flexibility into their lending conditions.
• Monthly Zonal Camps: Starting July 2026, special camps will be organized every month at the zonal level for the immediate, on-the-spot resolution of pending loan applications.
• Rajasthan Leads the Nation: The state has already set a benchmark by successfully establishing 2,034 solar plants with a combined capacity of 4,468 MW under Components A and C of the KUSUM scheme.
• Collaborative Problem Solving: Upcoming camps will bring together developers, bankers, and Discom officials under one roof to clear bottlenecks related to collateral and land registrations.

Empowering Farmers Through Green Energy

Addressing the stakeholders, Discoms Chairman Ms. Aarti Dogra emphasized that PM-KUSUM is a highly ambitious, centrally sponsored scheme of national importance. Its primary objective is to promote the use of green energy in agriculture and make the country’s farmers completely self-reliant in power generation. She highlighted that the active cooperation and financial backing of banking institutions are the backbone of achieving this sustainable target on time.

Simplify and Accelerate the Lending Process

Ms. Dogra urged the banking representatives to adopt a proactive and positive approach toward the loan applications submitted by solar power developers. She clarified that while banks must thoroughly complete their mandatory legal and financial formalities, eligible applicants should not be entangled in complex procedural webs. A streamlined, transparent, and accelerated financial support system is essential to speed up the installation of solar power plants in rural areas.

Addressing Ground-Level Administrative Challenges

During the interactive session, solar developers highlighted several critical bottlenecks that slow down project funding. They pointed out that complex procedures involving collateral security, lease registration, land mutation, account division, and right-of-way issues often lead to severe delays in loan disbursement.

Conversely, bank officials defended their processes, noting that delays are sometimes inevitable when developers fail to submit the required paperwork and complete formalities on time. Striking a balance, Ms. Dogra requested the banks to accommodate the unique business model of the KUSUM scheme and offer practical relaxations. In response, bankers assured the Chairman that they understand the scheme’s significance and will clear all pending applications on a priority basis.

Disclaimer: This news article is intended for informational purposes only. The facts, figures, and statements mentioned are based on the official meeting held at Vidyut Bhawan, Jaipur, regarding the PM-KUSUM scheme.