We know that agriculture accounts for a sizable portion of the Indian economy, and agricultural subsidies are essential for agriculture machines and equipment. Similar to this, a sizeable portion of a farmer’s investment goes into the equipment. The cultivation process is made easier by technology and machinery, which take the place of harsh conventional man-work with quick and effective machine work. As a result, this may take the shape of a direct subsidy (cash given directly to the farmer) or an indirect subsidy (agricultural income is tax-free). However, since they enable direct purchasing, direct subsidies are favored.
Government Machines and Equipment Subsidies:
In order to help farmers maintain the stubble, the government recently offered an 80 percent subsidy on machines and equipment. Therefore, the subsidy would make it possible to purchase expensive items like a straw management system, happy seedier, and paddy straw chopper. Additionally, the government offers financial assistance through state programs for the purchase of rotavator plows, cutters, and spreaders, among other items. Similarly, the following are a few subsidy programs that support farmers possessing the required equipment:
- Rashtriya Krishi Vikas Yojana (RKVY)
Depending on the ongoing project, the government provides a 100% subsidy under this plan. also strives to support the development of the agricultural industry. In addition, this is a state plan scheme, meaning the farmer’s request is being verified by the state official body that grants the subsidy. Additionally, this was started by the governments as a part of the National Agriculture Development Programme. Despite other areas of focus, agriculture mechanization receives a lot of attention. The official portal for the plan has additional information.
- National Food Security Mission (NFSM)
Instead of acquiring the machinery, this plan aims to improve it. Additionally, this plan helps keep equipment like tractors, tillers, and other similar tools in good working order. enhancing the farm’s output as a result. Although its primary goal was to boost productivity, it also helps a number of clusters to achieve that goal. Machines that assist the cultivator were thus one such cluster that really profited from the plan. Additionally, information on this program is available via the official website.
- Sub-Mission on Agricultural Mechanization (SMAM)
By establishing hubs that facilitate the acquisition of equipment, SMAM aims to help small and marginal farmers. Additionally, this program is present in every state in the union. This was also a reaction to the severe air pollution caused by burning stray grass. Therefore, it was possible to adopt mechanization to minimize pollution in Haryana, Delhi, Punjab, and Uttar Pradesh. The program also encourages farm equipment and supports Farm Machinery Training and Testing Institutes (FMTTIs) with funding. Similar to this, the Department of Agriculture, Cooperation, and Farmers Welfare have a wealth of information about agriculture mechanization available by clicking here.
- Loans from NABARD in India
This program gives every farmer the chance to buy required equipment, most significantly tractors. However, they want a down payment of 15% of the price of the tractors or equipment. NABARD nevertheless pays 100% of the cost for other transport equipment and 30% of the cost for tractors.
Common Goals of Subsidiary Plans encouraging machinery
- To accommodate better, quicker machines
- Additionally, to make machine purchases easier
- assisting in lowering the cost of cultivation
- In addition, to guarantee the timing of cultivation
- most essential, to enhance farmers’ quality of life
- India’s Subsidies for Particular Machines
The role of farming equipment in easing cultivator labor is crucial. The machines, however, are very expensive and therefore unaffordable. Therefore, the government must employ some imagination to promote farmer engagement. Aid them financially as well so they can get the tools and machines they need. For instance, the Jharkhand Land Conservation Department provides women-owned businesses with a 90% subsidy for the purchase of machinery. Many machines also receive subsidies, including
- Tractor
- Rotavator
- Laser Land Leveller
- Paddy Trans-planter
- Straw Baler
- Neumatic Planter
- Post Hole Digger
- Hey Taker
- Rotary Slasher
- DSR machine
A list of some specific subsidies in each state for agriculture machines and equipment
Tractors are a key piece of equipment that is useful in the agriculture industry. Furthermore, their potential to make farming easier and their absolute requirement are both admirable. As a result, the tractor is offered by subsidiaries in several Indian states. Additionally, the aforementioned tools aid the farmer in boosting output. As a result, only a few of them are listed below:
- Yantra Laxmi Scheme in Telangana
The Telangana-based Yantra Laxmi Scheme provides a 50% subsidy for purchasing a tractor. Additionally, because it falls under the Farm Mechanization Scheme, it supports the purchase of other farm equipment. Moreover, provide SC/ST a wholly owned subsidiary. In addition, if the candidate is a qualified bachelor with insurance and collateral security, SBI also offers loans.
- Farm Mechanization Scheme in Maharashtra
The center promotes the adoption of contemporary tools and methods as part of the Farm Mechanization Scheme. As a result, it offers a 35 percent tractor subsidy and a 50 percent subsidy for other machinery for small, marginal, and SC/ST farmers. On the other hand, general categories only receive 25% for tractors and 40% for other machinery. Additionally, it helps with the cost of a tractor, power tiller, harvesters, threshers, cars, and other agricultural equipment. Facility term loans with repayment terms of 5 to 9 years are available. Additionally, loans under Rs. 1 lakh have no margin are available.
- Macro-Management Scheme in Madhya Pradesh
Small tractors are eligible for a subsidy from the MP government under the Macro-Management Scheme. Therefore, the state and union governments are involved in this scheme. As a result, the program is available to all farmers. Additionally, this program is successful since Madhya Pradesh has a limited tractor supply. Additionally, loans are also accessible to assist the farmers even more.
- Uber for Agricultural Services in Karnataka subsidies
The state of Karnataka has three goals for the agricultural industry. That is, first to maintain timeliness, next to boost productivity, and lastly to minimize the use of human labor. So long as farming is mechanized, the farmer can easily accomplish the objective. In order to address both the problem and the solution, it is assumed that the government intends to provide all essential equipment on a rental basis. Additionally, it would fall under the “Uber for Agricultural Services” scheme. Additionally, the center assists the farmers on a rental basis in collaboration with automakers (VST Tillers, John Deere, Mahindra).
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