Formula & Calculation Methodology
Total Benchmark Cost: 30% Central Subsidy + 30% State Subsidy + 40% Farmer Contribution.
Step-by-Step Worked Example
5 HP Standalone Solar Pump (Benchmark Cost: ₹2,40,000)
- Central Govt Subsidy (30%): ₹72,000
- State Govt Subsidy (30%): ₹72,000
- Farmer Payable Share (40%): ₹96,000
Result: Farmer Pays: ₹96,000 (Saved ₹1,44,000 in Subsidies)
Frequently Asked Questions
Can farmers get a bank loan for the remaining 40%?
Yes, farmers only need to pay 10% upfront, and up to 30% can be financed via bank agri loans.
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