Krishi Yantra Anudan Yojana 2024: 50% Subsidy on Various Agricultural Machinery for Farmers

To encourage self-reliance among Indian farmers and enhance agricultural productivity, the government has launched the Krishi Yantra Subsidy Yojana 2024. This scheme aims to provide a 50% subsidy on 15 essential agricultural machines, offering financial assistance for farmers.

Empowering Farmers Through Subsidies

Under the Krishi Yantra Anudan Yojana 2024, farmers have the opportunity to avail themselves of subsidies when purchasing agricultural equipment. This initiative aims to streamline the process, making it accessible and straightforward for farmers to acquire the machinery they need to improve their farming practices.

Top 15 Subsidized Agricultural Implements

The subsidy scheme covers a range of agricultural machinery crucial for farming and processing activities. Among the top 15 subsidized implements are:

Millet Mill: Facilitating millet compression for better product quality.

Mini Pulse Mill: Ideal for processing pulses efficiently.

Oil Extractor Machine: Assisting in oil extraction from farming produce.

Mini Rice Mill: Enhancing rice production in smaller paddy areas.

Millet Processing Plant: Equipped with advanced machinery for efficient millet processing.

Additionally, machines like power harrows, seeders, planters, hay rakes, balers, hydraulic press straw balers, furrow planters, farmer drones, and animal deterrent bioacoustic equipment are also eligible for subsidy.

Also Read: Krishi Yantra Anudan Yojana 2024: Govt Subsidies Available on 75 Agricultural Equipment Types

Deposit Requirements 

For the Krishi Yantra Subsidy Yojana, the security deposit amounts vary depending on the type of agricultural equipment being applied for. Here's a breakdown of the security deposit required for each of the 15 agricultural equipment listed under the Agricultural Equipment Grant Scheme 2024:

Millet Mill: Rs 2500

Mini Pulse Mill: Rs 2500

Oil Extractor: Rs 2500

Mini Rice Mill: Rs 2500

Millet Processing Plant (Millet Mill, Cleaner, Cum Grader, Elevator, and De Stoner): Rs 10000

Paddy Rice Transplanter: Rs 5000

Power Harrow: Rs 5000

Happy Seeder/Super Seeder: Rs 5000

Pneumatic Planter: Rs 5000

Hay Rake/Straw Rake: Rs 5000

Baler: Rs 5000

Hydraulic Press Straw Baler (Tractor Driven): Rs 5000

Broad Bed Furrow – Planter: Rs 5000

Kisan Drone: Rs 5000

Animal Repellent Bio-Acoustic Device: Rs 1000

These security deposit amounts are set to ensure the commitment of applicants and facilitate the selection of appropriate agricultural equipment based on their farming needs.

Also Read: Krishi Yantra Anudan Yojana 2024: Govt Subsidies Available on 75 Agricultural Equipment Types

Application Process

Farmers can apply for the Krishi Yantra Subsidy Yojana 2024 through the Agricultural Engineering Directorate portal of the Madhya Pradesh Government. They can select from the list of available advanced agricultural equipment based on their requirements and proceed with the application process. There are no separate targets or lotteries for applications; approvals are granted at the directorate level for eligible applications.

Approval Process

Once an application is approved, farmers will receive confirmation via SMS. The approved applicants will then proceed with the dealer selection process, followed by further procedures to acquire the subsidized machinery.

Encouraging Technological Advancements in Agriculture

The Krishi Yantra Anudan Yojana 2024 is poised to encourage the adoption of advanced agricultural machinery, thereby facilitating technological advancements in the agricultural sector. By providing subsidies and streamlining the application process, the government aims to empower farmers and promote sustainable farming practices across the nation.

As the agricultural landscape continues to evolve, initiatives like the Krishi Yantra Anudan Yojana 2024 play a crucial role in supporting farmers and driving agricultural growth. With accessible subsidies and a simplified application process, farmers can now harness the benefits of modern agricultural machinery, paving the way for increased productivity and prosperity in the sector.

Also Read: Krishi Yantra Anudan Yojana 2024: Get Upto 80% Subsidy on These 110 Types of Agri Machinery