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Cabinet nod for long-pending KUSUM, 40GW solar rooftop schemes

The long-pending KUSUM scheme (Kisan Urja Suraksha evam Utthaan Mahabhiyan) was approved by the CCEA

ACME, a firm sitting on the largest solar projects, faces fund crunch
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Shreya Jai New Delhi
The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved two schemes for promotion of solar power — one for the agriculture sector and the other for rooftops. 

The long-pending KUSUM scheme (Kisan Urja Suraksha evam Utthaan Mahabhiyan) was approved by the CCEA. 

The scheme consists of three components: 1. Setting up 10 GW grid-connected renewable power plants, each of 500KW to 2MW in rural areas; 2. Installation of 1.75 million standalone off-grid solar water pumps to fulfill irrigation needs of farmers not connected to the grid; and 3. Solarisation of existing 1 million grid-connected agriculture pumps to