Rajasthan CM Ashok Gehlot writes to Centre, seeks direction to banks for granting loans to PM-KUSUM applicants

Ashok Gehlot raised the collateral situation confronted by the mortgage candidates.

Rajasthan Chief Minister Ashok Gehlot has written to the Centre looking for assist for simple finance of PM-KUSUM initiatives within the state. In a letter dated July 26 to Minister of Energy and New & Renewable Vitality RK Singh, the CM raised the problem of challenges being confronted by KUSUM candidates in availing loans from banking establishments.

“I wish to draw your consideration in direction of the challenges being confronted by the PM KUSUM Part-A scheme within the state, for its first part, candidates keen to arrange a solar energy plant have been chosen…..For the above scheme’s Part-A, the progress is gradual examine to the goal as a result of non-availability of loans to farmers by the banks,” CM Gehlot stated in his letter.

Gehlot raised the collateral situation confronted by the mortgage candidates. He stated that if the banks agree to just accept the undertaking, the undertaking land and the income from the undertaking as collateral, it is going to resolve the problems confronted by the farmers.

“The success of this scheme began by the Prime Minister for the welfare of farmers isn’t doable with out the participation of banks and monetary establishments,” stated Gehlot.

Rajasthan Chief Minister has requested the Renewable Vitality Minister (GoI) to boost the problem with the Commerce ministry and guarantee availability of simple finance for the applicant farmers.

Rajasthan is among the many early adopters of the KUSUM undertaking and has already chosen greater than 600 candidates underneath the scheme.

In accordance with official information, 95 per cent of the candidates are farmers and plenty of of them want finance to fulfill the preliminary funding.

Notably, one-megawatt solar energy era capability wants an funding of almost Rs 4 crore.

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https://www.financialexpress.com/india-news/rajasthan-cm-ashok-gehlot-writes-to-centre-seeks-direction-to-banks-for-granting-loans-to-pm-kusum-applicants/2301046/ | Rajasthan CM Ashok Gehlot writes to Centre, seeks route to banks for granting loans to PM-KUSUM candidates


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