Stories
State Govt Offers Up To 80 Percent Subsidy On Agricultural Machinery
- •The state government has launched an initiative to provide 40 to 80 percent subsidies for purchasing agricultural machinery and setting up rental centers.
- •Farmers can apply online through the portal from October 6th to November 4th, with document submission by November 6th.
- •Farmers aged 18 to 70 are eligible to apply, and beneficiaries will be selected through a transparent lottery system.
- •An allocation of over Rs 400 crore has been set aside for this financial year, benefiting a total of 67,585 farmers.
Key Questions Answered
Farmers can apply online through the portal from October 6th to November 4th, with subsequent document submission by November 6th. Depending on the specific project, subsidies for purchasing agricultural machinery or setting up rental centers range from 40 to 80 percent.
Farmers aged 18 to 70 years registered under PM-Kisan Samman Nidhi, along with government-recognized farmer groups, agricultural cooperatives, and organizations under specific conditions, are eligible to apply. Beneficiaries are selected through a lottery, and those who previously received this benefit are excluded.
The current financial year features an allocation of over Rs 400 crore to benefit 67,585 farmers. Project cost caps include maximum subsidies up to 40 percent or up to Rs 4 lakh on project costs of up to Rs 50 lakh for FSSM, and up to Rs 30 lakh for FMH/FMB projects.
