Good News: Get 50 % Subsidy on Square Baler, Know Application Details, Apply Before this Date
By offering significant subsidies for Square Balers, the state government is enhancing their efficiency and cost-effectiveness for farmers throughout the state. This initiative seeks to revolutionize agriculture and empower farmers with advanced implements and techniques to boost agricultural productivity and sustainability.
The utilization of contemporary machinery and equipment in agriculture has witnessed a significant upsurge, with an increasing number of farmers incorporating these tools into various farming operations. To boost agricultural productivity, reduce costs, and alleviate the labor burden on farmers, the government of Bihar has introduced the Krishi Yantra Anudan Yojana, which offers subsidies on a wide range of agricultural equipment or implements, including Square Balers.
This initiative encompasses 119 different types of farming machinery, allowing interested farmers to apply for subsidies online until November 10, 2023, to enhance agricultural practices and increase yields in the state.
Square Baler Machine
Square baler machines compact straw, chaff, and hay into bales, making them easier to handle, store, and transport. It typically requires a tractor with a minimum of 35 horsepower for operation.
They can create bales bound with wire, netting, twine, or strapping. Its versatility extends to other crops like cotton, straw, flax, and silage, enabling efficient processing into square-shaped bales. Square balers save time and labor, streamline material storage, reduce waste, and can be used for a variety of crops.
Price Of Square Baler Machine
The prices of the companies which are prevalent in the market are as follows:-
- Fieldking Square
Price: Rs 23,24,000
- Shaktiman Square Baler
Price: Rs 9,65,903
- Garuda Terminator Square Baler
Price: Rs 12,64,000
- New Holland Square Baler BC5060
Price: Rs 12,85,000
- Swaraj SQ 180 Square Baler
Price: Rs 11,30,000
- Maschio Gaspardo Square Baler - Pitagora L
Price: Rs 12,60,000
Also Read:- Good News Alert: 60% Subsidy on Laser Land Leveler, Apply Before 10th Nov, 2023
Subsidy in Detail
- Beneficiary Categories: The subsidy scheme is structured to primarily assist farmers belonging to Scheduled Castes, Scheduled Tribes, and Extremely Backward Classes. These farmers can avail of a generous subsidy of up to 50 percent or a maximum of Rs 6,25,000 for their Square Baler Machine purchases.
- General Category Farmers: While farmers falling under the general category are also eligible for this subsidy, they will receive a slightly reduced subsidy rate of 40 percent or a maximum of Rs 5,00,000.
- Subsidy Application: The subsidy applies to the overall cost of the agricultural equipment, which includes the Square Baler Machine itself. However, it's essential to note that GST (Goods and Services Tax) and other applicable taxes are not covered under this subsidy.
Mandatory Documents for Subsidy Application
When applying for a subsidy on the acquisition of a square baler machine, the following documents are essential:-
- Aadhaar Card of the Applicant Farmer
- Passport-sized Photograph of the Farmer
- Linked Mobile Number
- Bank Account Details
- Computerized Bill for Equipment Purchase
- Self-Certified Letter
- RC for Tractor-Driven Equipment
Application Procedure for Subsidy
- Bihar farmers stand to gain substantial advantages with the opportunity to secure up to a 50 percent subsidy on square baler machine agricultural equipment, courtesy of the Agricultural Mechanization Scheme.
- To avail of the subsidy for agricultural equipment, interested individuals need to complete an online application process. This can be done by visiting the official website of the Agricultural Mechanization Scheme in Bihar, which can be accessed at https://farmech.bih.nic.in/FMNEW/Homenew.aspx#.
- It's imperative to note that the deadline for submitting subsidy applications is set for November 10, 2023. Applicants should ensure they complete their applications well before this closing date to be considered for the subsidy.
Important Links for Additional Information
- Official Website Access: For comprehensive details and additional information, individuals can explore the official website. Additionally, they can reach out to the Deputy Director or Assistant Director of the Agriculture Department in their respective district for further assistance.
- Direct Application Link: The direct link for submitting subsidy applications can be accessed here: https://farmech.bih.nic.in/FMNEW/Homenew.aspx#. This link streamlines the application process, making it easily accessible for interested parties.
- Machinery Subsidy Information: To view information related to agricultural machinery subsidies, individuals can visit the following link:
https://farmech.bih.nic.in/FMNEW/MechanizationImplementList2023_2024.pdf. This document provides insights into the machinery covered by the subsidy scheme for the current year, aiding potential applicants in making informed choices.
