The Ministry of New and Renewable Energy (MNRE) launched the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) Scheme for farmers for the installation of solar pumps and grid-connected solar and other renewable power plants in the country.
The objective of the PM KUSUM scheme is to add Solar capacity of 34,800 MW by March 2026 with the total Central Financial support of Rs. 34,422 crore, including service charges to the implementing agencies.
The Scheme has the following three components:
- Component-A: Setting up of 10,000 MW of Decentralized Ground/ Stilt Mounted Grid-Connected Solar or other Renewable Energy-based Power Plants.
- Component-B: Installation of 14 Lakh Stand-alone Solar Agriculture Pumps.
- Component-C: Solarisation of 35 Lakh Grid Connected Agriculture Pumps, including Feeder Level Solarization.
Component B of the scheme specifically supports individual farmers in installing standalone solar pumps or replacing diesel pumps in off-grid areas. This helps reduce diesel costs, provides better irrigation, and can increase income from selling excess power.
The PM-KUSUM scheme subsidizes solar-powered pump installations for farmers with a Central Financial Assistance (CFA) of 30% (50% for specific regions), a State Government subsidy of 30%, and the remaining 10–40% to be paid by the farmer, who can also secure a bank loan.
Here are the top three companies by total solar-powered pump installations under the scheme
Shakti Pumps (India) Ltd
Shakti Pumps (India) Ltd is primarily engaged in the manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, and commercial and industrial applications.
Shakti Pumps is a leading integrated manufacturer of solar and electric submersible pumps in India, with exports to over 100 countries. Backed by more than four decades of industry experience, the company stands out for its strong in-house capabilities in pump and motor manufacturing, supported by advanced research, design, and development.
Holding 15 patents and offering proprietary, technology-driven products, Shakti Pumps commands around 25% market share under the PM-KUSUM scheme, positioning it as one of the key beneficiaries of India’s solar irrigation initiative.
Shakti Pumps, has made significant strides in solar pump installations under the PM-KUSUM initiative. The company successfully installed 59,577 units in the calendar year 2024, followed by 21,142 units in 2025. Over the four years from 2022 to 2025, Shakti Pumps has achieved a remarkable total of 121,322 solar pump installations.
GK Energy Ltd
GK Energy Ltd. is an Indian Engineering, Procurement, and Construction (EPC) company that specialises in solar-powered agricultural water pump systems. It is India’s largest pure-play EPC service provider for solar-powered agricultural water pump systems under Component B of the PM-KUSUM Scheme, with a robust order book of Rs, 10,290 million as of August 2025.
It holds a strong regional presence with empanelment across five key states, accounting for more than 85 % of total sanctions respectively under the PM KUSUM scheme, and is led by experienced promoters with deep expertise in the solar power sector.
GK Energy, operating as a dedicated EPC (Engineering, Procurement, and Construction) company, has made notable progress in solar pump installations under the PM-KUSUM scheme. The company installed 29,392 units in the calendar year 2024 and 8,594 units in 2025. Over the entire period from 2022 to 2025, GK Energy has installed a total of 55,626 solar pump units, contributing significantly to the expansion of sustainable irrigation solutions across India.
Oswal Pumps Limited
Oswal Pumps Ltd (OPL) is one of India’s fastest-growing vertically integrated solar pump manufacturers. The company manufactures solar-powered and grid-connected submersible and monoblock pumps, induction and submersible electric motors, and solar modules under the ‘Oswal’ brand.
The company produces a wide range of pumps and electric motors for domestic, agricultural, and industrial use. Its 41,076 sq. meter manufacturing facility, located near key agricultural states like Haryana, Punjab, and Uttar Pradesh, is equipped with modern machinery.
Oswal Pumps, a comprehensive player offering pump and module manufacturing, has demonstrated steady growth in solar pump installations under the PM-KUSUM initiative. The company installed 21,673 units in the calendar year 2024 and 9,762 units in 2025. Cumulatively, from 2022 to 2025, Oswal Pumps has installed a total of 35,215 solar pump units, reinforcing its role in advancing renewable energy solutions.
Written by Sridhar J
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