Good News for Farmers- Get 50% Subsidy on these Top 7 Agriculture Machinery, Apply Now

The Government's Agricultural Machinery Subsidy Scheme (Krishi Yantra Anudan Yojana) has been established to facilitate cost-effective access to crucial farming machinery. Under this initiative, the state government is offering subsidies on a range of top-notch farming equipment, including the Reaper and Rotavator.

This program ensures that agricultural machinery is made available to farmers at reduced costs through subsidy provisions. The subsidy is applicable to a wide array of agricultural machinery, encompassing tractors, rotavators, cultivators, threshers, reaper binders, and even agricultural drones. By implementing this scheme, expensive farming machinery becomes more accessible to farmers, effectively lowering their overall farming expenses.

For farmers interested in taking advantage of this opportunity, applications for these seven key agricultural equipment items can be submitted between September 20 and October 2nd. This article highlights the eligible agricultural equipment, the advantages of the subsidy, the application procedure, and the necessary documentation required to secure these subsidy benefits.

List of Agriculture Equipment to Avail Subsidy

The Madhya Pradesh government is extending subsidies to farmers for the top 7 agricultural machines used in farming through the Agricultural Machinery Subsidy Scheme. Here is a list of eligible machines for subsidy:-

1. Rotavator
2. Shredder/Mulcher
3. Rotocultivator (with more than 35 HP)
4. Chaff Cutter (tractor/electric driven)
5. Reaper (automatic or tractor-driven)
6. Reaper cum Binder

Subsidy Amount on Agricultural Equipment

Various state governments across the country offer different subsidy rates to farmers for various agricultural equipment, in accordance with their respective state regulations. Madhya Pradesh government, which extends a generous subsidy ranging from 40 to 50 % on agricultural machinery.

This subsidy is granted to farmers based on the overall cost of the agricultural equipment they intend to acquire. Remarkably, farmers from the Scheduled Caste (SC) and Scheduled Tribe (ST) categories are eligible for a substantial 50 % subsidy, while other farmers receive a still significant 40 % subsidy.

Additionally, farmers are responsible for covering the Goods and Services Tax (GST) and other applicable taxes themselves, in addition to the subsidized portion of the equipment cost. This initiative aims to ease the financial burden on farmers and enhance agricultural productivity across the state.

Also Read:- Farmers can get Maximum Benefits: Apply Quickly to get a Subsidy on the Top 3 Agricultural Machinery

Documents Required for Subsidized Agricultural Equipment Application in Madhya Pradesh

The following are the required documents:-

• Aadhaar card of the applying farmer
• Farmer's Income Certificate
• Farmer's registered mobile number linked to Aadhaar
• Ration card of the applying farmer
• Farmland documents
• Kisan Card of the applicant
• Copy of the first page of the bank passbook
• Copy of the demand draft for the prescribed security amount
• A draft of the earnest money must be attached along with the application

Determining Earnest Money Draft for Agricultural Equipment Subsidy

As previously mentioned, when seeking to purchase agricultural equipment with the benefit of a subsidy, it is imperative to include an earnest money draft (DD) with one's application. The amount for the earnest money draft varies based on the type of agricultural equipment one intends to acquire.

For the following agricultural equipment, including Rotavator, Shredder/Mulcher, Rotocultivator (with more than 35 HP), Power Operated Chaff Cutter, and Reaper (automatic/tractor driven), a demand draft (DD) of Rs 5,000 should be submitted along with your application.

Conversely, for the agricultural machinery known as the reaper cum binder, applicants are required to furnish a demand draft (DD) of Rs 10,000 along with their completed application form. This ensures that the process aligns with the subsidy scheme's guidelines, allowing farmers to access these crucial farming tools at a reduced cost.

Application Process for Agricultural Equipment Subsidy

• To access the subsidy benefits on agricultural equipment purchases, applicants are required to apply online.

• Farmers residing in the state can submit their applications through the e-Krishi Yantra Grant Portal MP.

• The official website for application submission can be accessed at https://farmer.mpdage.org/Home/Index.

• The application window is open from September 20, 2023, until October 2, 2023, allowing farmers ample time to apply for the subsidy.

• The selection of beneficiaries will be carried out through a lottery system, which will be conducted on October 3, 2023.

• Information regarding the lottery results and the names of selected beneficiaries will be made available on the e-Krishi Anudan portal, ensuring transparency in the process.

Considerations When Creating a Demand Draft (DD)

• Ensure that the name of the applicant on the bank draft matches the name of the farmer applying through the portal. The bank draft must be in the same name as the person submitting the application.

• The applicant is responsible for generating a bank draft in their own name and subsequently uploading it along with the application.

• It's crucial to maintain consistency between the applicant's name on the application and the name on the bank draft. Any disparities may result in the rejection of the application.

Also Read:- Rotavator Subsidy Scheme- Now Farmers can Avail 50% Subsidy on the Purchase of Rotavator

Conclusion

To benefit from agricultural equipment subsidies in Madhya Pradesh, farmers must apply online through the e-Krishi Yantra Grant Portal, ensuring that the name on the demand draft matches the applicant's name. The application window is open from September 20 to October 2, with beneficiary selection via lottery on October 3, 2023. Transparency is maintained through the e-Krishi Anudan portal for lottery results and selected beneficiaries.

Frequently Asked Questions (FAQs)

How to apply for the agricultural equipment subsidy in Madhya Pradesh?

To apply for the subsidy, one can submit an application online through the e-Krishi Yantra Grant Portal MP.

What documents are required for the subsidy application?

 The necessary documents include an Aadhaar card, Farmer's Income Certificate, registered mobile number linked to an Aadhaar, ration card, farmland documents, Kisan Card, a copy of the first page of your bank passbook, and the demand draft for the prescribed security amount.

How much is the demand draft (DD) amount for the subsidy, and what equipment does it apply to?

 The DD amount depends on the type of agricultural equipment one intends to purchase. For certain equipment like Rotavator, Shredder/Mulcher, Rotocultivator (with more than 35 HP), Power Operated Chaff Cutter, and Reaper (automatic/tractor driven), the DD is Rs 5,000. For the reaper cum binder, it's Rs 10,000.

Also Read:- Govt to Provide Heavy Subsidy of 50% on Purchase of Power Spray Pump Set, Apply Now!!