State-wise Subsidies on Selected Agri Machinery
The government of India along with state governments has initiated several schemes to diminish the plight of the farmers. Thus, it focuses on every segment of the agricultural scheme. Such as each subdivision from raw material procurement to the transport and marketing of the produce, subsidies are available. Many state governments are adopting different Agriculture machinery subsidy schemes to give relief to their Farmers. Haryana, the highest agricultural producer in the country is adopting modernized machinery to encourage agricultural advancements.
India is an agrarian country while half of its population still depends on agriculture as the primary source of Income. Hence, agricultural subsidies are necessary for the farmers as our economy is largely dependent on the farming sector.
Similarly, farmers have to invest a lot of money in Agri-Machinery. Technology and machines ease the cultivation process by replacing the rigorous traditional man-work with the quick and efficient machine. Keeping this thing in mind, central along with state governments has initiated many schemes to provide subsidies on selected Agri-Machineries.
Accordingly, this could be in the form of direct subsidy (direct cash to farmer) or as indirect subsidy (agricultural income is tax-free).
General Subsidies
The government of India along with state governments has initiated several schemes to diminish the plight of the farmers. Thus, it focuses on every segment of the agricultural scheme. Such as each subdivision from raw material procurement to the transport and marketing of the produce, subsidies are available.
Many state governments are adopting different Agriculture machinery subsidy schemes to give relief to their Farmers.
Haryana, the highest agricultural producer in the country is adopting modernized machinery to encourage agricultural advancements.
Know about the Selected Agri-Machineries
Recently, the government provided an 80% subsidy on machinery and equipment for farmers to maintain the stubble. Thus, the subsidy would help to buy paddy straw chopper, happy seedier, straw management system and so on that would otherwise cost a fortune. Besides, the government provides subsidies through state plans for purchasing mulcher, cutter, and spreader, rotavator plough, etc.
Rashtriya Krishi Vikas Yojana (RKVY)
In this scheme, the government offers a 100% subsidy depending on the ongoing project. Further, aims to assist the advancement of the farming sector. Additionally, this is a state plan scheme, that is the state official committee granting the subsidy are verifying the farmer’s proposal. Moreover, the governments initiated this as a part of the National Agriculture Development Programme.
Subsidies for Specific Machines in India:
The government of India gives subsidies to a wide variety of farming machinery. Some of the popular machinery which the farmers look for subsidy are Tractor, Rotavator, Laser Land Leveller, Post Hole Digger, Straw Baler, Hey Taker, Rotary Slasher, Neumatic Planter, Paddy Trans-planter, DSR machine
Yantra Laxmi Scheme:
It's a Telengana government scheme that offers a 50% subsidiary for buying a tractor. Additionally, provide a 100% subsidiary to SC/ST. Besides, a loan is also available from SBI if the applicant is an eligible bachelor with insurance and collateral security.
Agriculture Machinery Subsidies in Assam
CMSGUY offers a 70% subsidy up to Rs 5.5 lakhs. However, it is necessary for the cultivator to be eligible. Accordingly, the eligible farmer must own 2 acres of land. Moreover, a group (8-10) of farmers could also avail of the benefits of the scheme.
Agriculture Machinery Subsidies in Karnataka
Karnataka state government has three visions regarding the farming sector. That is, one to maintain the timeliness, second to increase productivity, and finally to reduce human labour. Thus, the farmer can easily achieve the goal by inculcating the mechanization of farming.
Agriculture Machinery Subsidies in Tamil Nadu
The administration in Tamil Nadu is offering assistance under the Agricultural Mechanization Program. Accordingly, aids in purchasing a variety of machines namely Power tiller, Paddy Trans-planter, Rotavator, seed Drill, Zero till Seed, Fertilizer Drill, Bund Former, and Power sprayer. Besides, it also assists to buy machines that are operated by tractors- Straw Baler, Power Weeder, and Brushcutter.
Nonetheless, it provides 40% and 50% subsidies to general and SC/ST farmers respectively. Additionally, the farmer is given the option to select the machinery of their choice. Accordingly, the government allots Rs 30.75 lakhs for supporting the initiative.
Agriculture Machinery Subsidies in Kerala
The Kerala government has taken a step forward by the addition of a software- Farm Mechanization System (FMS) to ensure transparency in distribution. Further, for tractors, they provide a 25% subsidy. However, in other cases like for tiller, rotavator, and other few machines only loans are available. Also, the repayment is within 5-10 years excluding the gestation period.
Agriculture Machinery Subsidies in Andhra Pradesh
Under Rythu Radham Scheme, the AP government is providing subsidies on selected Agri-Machineries.
However, to avail of this scheme, the farmer must own a one-acre land and must have all supporting documents. Also, loans are available from ICICI bank with a repayment deadline of 5 years.
Agriculture Machinery Subsidies in Maharashtra
Under the Farm Mechanization Scheme, the centre encourages inculcating the use of modern machinery and techniques. Accordingly, in the case of small, marginal, and SC/St farmers, it provides a 35% subsidy for tractors and 50% for other machines. Contrarily, general categories get only 25% for tractors and 40% for other machines. Further, it assists in the purchase of a tractor, power tiller, harvesters, Threshers, vehicles, and other agricultural implants. Additionally, facility Term loans are offered with repayment of 5-9 years. Also, no margin for loans under Rs 1 lakh.
Agriculture Machinery Subsidies in Madhya Pradesh
The MP government offers a subsidy for small tractors through the Macro- Management Scheme. Subsequently, this scheme is in association with the state and the union government. Accordingly, all farmers are eligible to benefit from the scheme. Also, this scheme is successful as the availability of tractors is low in Madhya Pradesh. Moreover, loans are also available to further help the cultivators.
Agriculture Machinery Subsidies in Uttar Pradesh
The scheme for buying tractors in UP is the Krishi Yantra. Consequently, it provides 25% of cost aid or Rs 45,000, whichever is less. Besides, tractors loans are provided by Prathama Bank in association with Mahindra, Swaraj, and Sonalika.
Agriculture Machinery Subsidies in Rajasthan and Haryana
Both states work under the Farm Mechanization scheme. Also, provide loans via Sarva Haryana Bank (Haryana) and AU bank (Rajasthan). Despite, encourage the use of modern techniques to increase production. Subsequently, the terms in this scheme follow the rest discussed above.
