Delhi Chief Minister Arvind Kejriwal announced the ‘Mukhyanmantri Kisan Aaye Badhotri Solar Yojna’.
It aims at increasing the annual income of farmers in the national capital by three to five times.
In this scheme farmers can lease their agricultural lands for installing solar PV plants and generate revenue on a monthly basis.
Mr Kejriwal told reporters that the present estimated annual income of farmers is Rs. 20,000 to 30,000 per acre.
Besides increment in income, the farmer will also get 1,000 unit free electricity per acre from the solar plant annually.
The minimum height of solar panels installed will be 3.5 metres to ensure that agricultural activity is not affected, he said.
The chief minister said the Delhi government’s departments will also buy electricity from companies which install solar panels on the agriculture land.
At present, departments buy electricity at Rs. 9 per unit, but with this scheme, they will buy electricity at Rs. 4 per unit due thus saving Rs. 400 to Rs. 500 crore annually for the state exchequer.
“We hope that the farmers would start earning from this scheme in eight to nine months and this will become a model for the rest of the country,” Kejriwal said.
According to a statement issued by the government, the scheme will provide a source of additional earning to farmer starting from Rs. 1 lakh per year per acre with an annual increment of 6 per cent to reach Rs. 4.04 lakh anually per acre of land in the 25th year.
“With the introduction of this scheme, farmers’ income will be increased by three to five times per acre,” the chief minister said, adding, “Farmers will not have to invest anything in this scheme.
Around five companies have so far shown interest in it.”
It will be done on the Renewable Energy Service Company (RESCO) model, under which the consumer can install a solar power plant and not pay anything upfront.