The Centre has extended the commissioning deadline for certain projects under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) to March 31, 2027.
The extension applies to projects where power purchase agreements or letters of intent were issued on or before December 31, 2025.
As per news reports, the decision follows delays in project execution across several states, where progress has been uneven despite initial uptake.
Execution has been affected by procedural requirements at the state level, including approvals and coordination between agencies. These delays have slowed project timelines beyond the earlier commissioning targets.
Access to financing has also remained a constraint. Banks and financial institutions have shown limited willingness to extend loans under the existing timelines, affecting the ability of developers to reach financial closure.
States have been asked to engage with lenders to support project financing beyond March 31, 2026. This is to ensure that viable projects are not stalled due to funding gaps.
The extension provides additional time for developers to complete pending processes, including securing loans and addressing on-ground execution challenges.
The Ministry of New and Renewable Energy indicated that committed liabilities under the current scheme may be carried forward into a proposed PM KUSUM 2.0.
The Department of Expenditure has communicated that these liabilities could be subsumed under the new framework, which remains under discussion.
This suggests continuity of support, even as the structure of the scheme may evolve.
PM KUSUM targets the addition of 34,800 MW of solar capacity by March 2026. The scheme is backed by central financial support of ₹34,422 crore.
It focuses on decentralised solar installations in the agricultural sector, for supporting farm-level energy requirements.
Read More: Subhadra Yojana Scheme in Odisha Drives 45% Rise in Savings, 28% in Spending: SBI Research!
The revised deadline allows pending projects to proceed despite delays in funding and execution. Overall targets and financial outlay under the scheme remain unchanged.
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Published on: Mar 31, 2026, 9:06 AM IST
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