Good News for Farmers: 50% Subsidy on Combine Harvesters, Pay Only Half Price
Exciting news for farmers as the government announces a substantial 50% subsidy on combine harvesters, making this vital farming machinery more affordable. Know the application process and benefits of this scheme.
Farmers, essential contributors to food production and economic growth, receive valuable assistance from the government. To ensure their efficiency, the government offers agricultural equipment and various machines at affordable rates. This initiative is part of a nationwide agricultural equipment subsidy scheme, known by different names in various states.
Through this program, the state government provides subsidies on agricultural equipment exceeding Rs 10,000, including a substantial 50 % subsidy for the purchase of combine harvesters. This financial support aims to make vital farming machinery more accessible to farmers.
For those interested, swift application under this scheme can grant farmers the advantage of a 50 percent subsidy on combine harvesters.
Continue Reading:-
How Much Subsidy Will Farmers Receive on Combine Harvesters?
- Farmers are set to receive a boost as the government announces a generous subsidy of 50 percent on the cost of combine harvesters.
- If the original cost of a combine harvester stands at Rs 8 lakh, farmers can benefit from a substantial grant amounting to 50 percent of the total cost, reaching up to Rs 4 lakh
Note: While the subsidy covers a substantial portion of the combine harvester's cost, farmers are responsible for the payment of Goods and Services Tax (GST) on the equipment. This ensures a fair distribution of financial responsibilities.
Also Read:- Grow Your Drone Business in Agriculture- Manual Methods No Longer Needed
Market Price of Combine Harvester
- Various companies offer a range of combine harvesters in the market, providing farmers with diverse choices. Some notable models include Preet 987, Mahindra Arjun 605, Kartar 4000, Dashmesh 9100 Self Combination Harvester, New Holland TC 5.30, and Kubota Harvesting DC-68 GSHK, among others.
- In addition to full-sized models, several companies also manufacture mini combine. The price range for combine harvesters in India starts from Rs 5.35 lakh to Rs 26.70 lakh, while the cost of mini harvesters is relatively lower, starting at Rs 19,800.
Note: For further details and clarification, interested individuals can visit the official website of the Agriculture Department
Also Read:- Govt Unveils 'CM Tractor Distribution Scheme' for Farmers: 50% Subsidy on Purchase of New Tractor
Required Documents
Below are some of the following required documents:-
- Aadhaar card of the applying farmer
- Farmer's mobile number which is linked to Aadhaar
- PAN card of the applying farmer
- Bank passbook copy for account details
- Copy of bank passbook for bank account details
- Farmer's residence certificate
- Farmer's Income Certificate
- Passport-size photo of the farmer
- Farmer's land documents and others
Application Process
- If one is a farmer from Uttar Pradesh, they can take advantage of the Agricultural Mechanization Scheme.
- The UP Government's Agricultural Mechanization Scheme offers subsidy benefits on various agricultural equipment, including combine harvesters.
- Farmers in UP can conveniently apply for subsidies on agricultural equipment through the official Agriculture Department UP website.
- To initiate the application process, farmers can visit the official website at https://agriculture.up.gov.in/.
Also Read:- Union Bank of India's "Union Kisan Pushpak" Scheme: Hassle-free 'Agri Drone Financing' for Farmers