Presenter: Venkata Siva Naga Nandini Sirikonda
Faculty Sponsor: Christine Crago
School: UMass Amherst
Research Area: Business & Economics
Session: Poster Session 5, 3:15 PM - 4:00 PM, Auditorium, A39
ABSTRACT
Emerging at the forefront of the global energy transition, the Indian government is
implementing renewable energy policies to address the country’s energy crisis, climate
goals and economic well-being. PM KUSUM, an Indian scheme, is part of the
governmental push to increase the use of solar energy in agriculture. Under the policy,
farmers receive financial subsidies and institutional support to install solar-powered
irrigation pumps and decentralized solar panels. However, since its launch in 2019,
there has been limited literature examining the scheme's effectiveness and the factors
influencing its success. With over 5 billion USD allocated to enforcing the policy, it
becomes critical for policymakers to determine state-level characteristics that affect the
scheme’s impact and improve its outcomes.
This research aims to evaluate the effectiveness of PM-KUSUM through empirical
analysis. Two regression models were developed to assess the variation of the
scheme’s impact across Indian states. The first model employs a multiple linear
regression framework to study the relationship between state-wide deployment count of
solar technology under the scheme, and key characteristics such as per-capita income,
urbanization rate, education rate, and installed grid-interactive renewable power. The
second model is a panel data regression that accounts for within-state, over-time
effects. We expect to find that the chosen socio-economic, political, and demographic
predictors influence the deployment count at a statistically significant level.