Adoption of recent machines and tools is essential for farmers for doubling their revenue and growing crop yield.
Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar mentioned that the adoption of recent machines and tools by the farmers is dependent upon numerous elements like socioeconomic circumstances, geographical circumstances, irrigation amenities, crop grown and so forth.
However, the Central Government helps and facilitates the State Governments by way of completely different Centrally Sponsored in addition to Central Sector Schemes to endorse agriculture all through the nation by introducing fashionable applied sciences into the agriculture sector.
Sub-Mission on Agricultural Mechanization’ (SMAM)
For the promotion of agricultural mechanization within the nation, a Centrally Sponsored Scheme often called ‘Sub-Mission on Agricultural Mechanization’ (SMAM) is being applied by the State Governments since 2014-15, with the primary goal of increasing the attain of farm mechanization to small and marginal farmers and to the areas the place availability of farm energy is low.
And by selling ‘Custom Hiring Centres’ to stability the antagonistic economies of scale arising because of small landholding & excessive value of particular person possession.
50% subsidy is supplied for getting machines
In order to make machines and tools inexpensive to the farmers, a monetary help at 40 % to 50 % of the associated fee relying on the classes of growers, is supplied underneath the SMAM scheme for the acquisition of agricultural machines.
Moreover, monetary help at 40 % of the challenge value can be given to the agricultural youth and farmer as an entrepreneur, Cooperative Societies of Farmers, Registered Farmers Societies, Farmer Producer Organizations (FPOs) & Panchayats for the institution of Custom Hiring Centres (CHCs) and Hi-tech hubs of high-value agricultural machines.
80 % subsidy is given for organising village-level Farm Machinery Banks (FMBs)
In addition, monetary help at 80 % of the challenge value for tasks costing as much as Rs. 10 Lakhs is given to the Cooperative Societies, Registered Farmer Societies, FPOs & Panchayats for organising of village-level Farm Machinery Banks (FMBs). The charge of monetary help for the North Eastern States for the institution of FMBs is 95 % of the challenge value for the tasks costing as much as Rs. 10 lakhs.
Source – PIB
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