Important Subsidies and Schemes for Agricultural Machinery

Agriculture, together with its linked industries, is indisputably India's major source of income, particularly in the country's vast rural areas. It also makes a substantial contribution to the Gross Domestic Product (GDP) (GDP). Friendly agriculture is critical for holistic rural development in terms of food security, rural employment, and environmentally sustainable technologies such as soil conservation, sustainable natural resource management, and biodiversity protection. A green revolution, a white revolution, a yellow revolution, and a blue revolution have all occurred in Indian agriculture and related activities.

In order to boost agricultural output, farm mechanisation is essential. In India, mechanisation has been hailed as one of the most essential aspects of agricultural modernization, boosting agricultural output and, as a result, rural income. The government, in particular the Department of Agriculture and Farmers Welfare (DAC&FW), Ministry of Agriculture, has launched several measures in this respect.

Subsidies:
The government recently offered farmers with an 80 percent subsidy on machines and equipment to help them preserve their stubble. Thus, the subsidy would assist in the purchase of paddy straw chopper, happy seedier, straw management system, and other items that would otherwise be prohibitively expensive. Furthermore, the government provides incentives for the purchase of mulchers, cutters, and spreaders, as well as rotavator ploughs, through state schemes.

Subsidiary Schemes' Common Goals:

• Machines that are newer and faster must be adapted.
• In addition, to make machine purchases easier.
• Assisting in the reduction of agricultural costs
• In addition, to guarantee that cultivation timing is accurate,
• Most significantly, to enhance the farmers' livelihoods.

So today, we're going to talk about the government's agricultural machinery subsidies programme. Because agricultural machinery is costly and out of reach for small farmers, the government has implemented the following machinery subsidy schemes.

1. Rashtriya Krishi Vikas Yojana (RKVY) - 

The government provides a 100 per cent subsidy under this system, depending on the ongoing project. In addition, it aspires to aid in the expansion of the agricultural sector. Furthermore, this is a state plan scheme, which means that the state official committee approving the subsidy checks the farmer's proposal. Furthermore, this was started by the governments as part of the National Agriculture Development Program. Even though it works in other areas, it is primarily focused on agriculture mechanisation. Additional details are accessible on the scheme's official website.

2. National Food Security Mission (NFSM) -

Rather than purchasing machinery, this strategy aims to improve it. Furthermore, this technique aids in the proper maintenance of machines like tractors, tillers, and other similar machines. As a result, the farm's productivity will rise. Even though its primary goal was to boost productivity, it assisted several clusters in achieving that goal. As a result, machines that assist the cultivator were one such cluster that benefited greatly from the strategy. Details on this plan can also be found on the official website.

3. Sub-Mission on Agricultural Mechanization -

This programme was created to assist small and marginal farmers. Farmers feel empowered as a result of this. The Indian government is involved in several agricultural mechanisation projects. Funds are released, for example, for the development and distribution of custom hiring centres, agricultural machinery banks, and hi-tech hubs. In addition, the strategy encourages farm machinery by promoting Farm Machinery Training and Testing Institutes (FMTTIs), providing financial aid, and encouraging the use of farm machinery. 

4. NABARD loans in India -

This programme allows every farmer to obtain critical machinery, most notably tractors. They do, however, request a 15% down payment on the tractors or machines. Despite this, NABRAD gives a 30 percent tractor subsidy and a 100 percent subsidy for other transport apparatus. As a result, agricultural machinery becomes more readily available to farmers, enhancing their output.

In India, there are subsidies for specific machines:

Farming machines are important for making a cultivator's job easier. The machines, however, are quite expensive and thus unaffordable. As a result, the government must employ some imagination to attract farmer participation. Also, financially assist them in purchasing the essential equipment and machinery. Likewise, many machines have subsidies, namely

• Tractor
• Rotavator
• Hey Taker
• Straw Baler
• DSR Machine
• Rotary Slasher
• Post Hole Digger
• Neumatic Planter
• Laser Land Leveller
• Paddy Trans-Planter

Information and Documents Required to Take Advantage of the Schemes' Benefits:

• Aadhar card is a government-issued identification card.
• Voter registration card
• From the bank, a copy (statement)
• Account information
• PAN (Personal Identification Number) card
• Information about how to contact us
• Date of birth and name
• Payment receipt and application letter

Finally, the government is making strenuous attempts to make the lives of farmers easier. As a result, the centre aids at every step of the process, from raw material procurement to complicated marketing and infrastructure. Furthermore, all the plans are straightforward to apply for, making their lives easier. As a result, the wider picture is that the Indian economy will improve.