Agriculture Machinery Subsidy, Tools, Equipment, Loan

Introduction to agriculture machinery subsidy equipment loan:Today, we will know about the subsidies, loans and schemes allotted to the agricultural machines and equipment which brings you a post which might help in your daily farm practices. Indian farmers have a lot of advanced techniques which can be used instead of manual labour to bullock drawn equipments;which made the farmers work simple and easy. But still there are few sections that look forward for the advancements and helping in getting in them. Krishi Jagran, a scheme from thegovernment brings you the agricultural equipments, on which the subsidies are available and the rate of subsidy available.

A guide to subsidy of agriculture machinery subsidy and loans

The following are the agricultural equipment’s available for subsidies under the Central Sector Plan Schemes. These subsidiesare available to the farmers based on the cost of equipment subjected to certain ceiling limits. It is important to make a note that the subsidies might differ in every state in India as per their government rules and the GO’s passed. Hence farmer need to get updated with the subsidies every year and should check with the latest subsidies rate and process to avail them at the state government’s official agriculture website of every state.

Subsidy on agriculture machinery and equipment

First of all let us know the list of equipments /machineries on which the subsidies are available, these include:

• Tractor
• Power Tiller
• Power Drawn implements
• Power Threshers (all types)
• Sprinklers
• Drip Irrigation
• Animal drawn implements
• Manually operated implements/tools including horticultural tools
• Plant protection equipments such as manual or power operated and tractor mounted
• Self-propelled reaper, paddy transplanter, and other similar tools such asself-propelled machines
• Specialized power driven equipment which includes sugarcane cutter planter,straw reaper, potato planter, rotavator, tractor drawn reaper, strip till drill etc.

Above mentioned above the machines for which you can get subsidies and go through the below scheme under which these subsidies are available to the farmers for the purchase of agricultural equipments and machines.

Cost norms and pattern of assistance which are included under the sub-mission on agricultural mechanization shortly as SMAM.

These are the subsidies available to the farmers which are mentioned below-

1. Subsidy on Tractors of agriculture machinery
   

• The subsidy available for 2 wheel drive having 08-20 PTO HP for the amount Rs. 2 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 1.60 lakhs with a pattern of assistance of 40%.
• The subsidy available for 2 wheel drive having 08-20 PTO HP for the amount Rs. 2.25 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 1.80 lakhs with a pattern of assistance of 40%.
• The subsidy available for 4 wheel drive having 20-40 PTO HP for the amount Rs. 3.00 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 2.40 lakhs with a pattern of assistance of 40%.
• The subsidy available for 2 wheel drive having 40-70 PTO HP for the amount Rs. 4.25 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 3.40 lakhs with a pattern of assistance of 40%.
• The subsidy available for 4 wheel drive having 40-70 PTO HP for the amount Rs. 5.00 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 4.00 lakhs with a pattern of assistance of 40%. 

2. Subsidy on Power Tillers of agriculture machinery
   

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• The subsidy available for power tiller below 8 HP for the amount Rs. 0.65 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.50 lakhs with a pattern of assistance of 40%.
• The subsidy available for power tiller above 8 HP for the amount Rs. 0.85 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.70 lakhs with a pattern of assistance of 40%.

3. Subsidy on Rice Transplanter of agriculture machinery
   

• The subsidy available for Self-propelled rice transplanter with 4 rows, for which the amount Rs. 1. 50 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 1.20 lakhs with a pattern of assistance of 40%.
• The subsidy available for Self-propelled rice transplanterhaving above 4-8 rows, for which the amount Rs. 5.00 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 4.00 lakhs with a pattern of assistance of 40%.
• The subsidy available for Self-propelled rice transplanter with above 8-16 rows, for which the amount Rs. 8.000 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 6.50 lakhs with a pattern of assistance of 40%.

4. Subsidy on Self Propelled Machinery of agriculture
   

• The subsidy available for Reaper cum Binder with 3 wheels, for which the amount Rs. 1.75 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 1.40 lakhs with a pattern of assistance of 40%.
• The subsidy available for Reaper cum Binder with 4 wheels, for which the amount Rs. 2.50 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 2.00 lakhs with a pattern of assistance of 40%.
• The subsidy available for Reaper, for which the amount Rs. 0.75 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.60 lakhs with a pattern of assistance of 40%.
• The subsidy available for post hole digger or auger, for which the amount Rs. 0.75 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.60 lakhs with a pattern of assistance of 40%.
• The subsidy available for Reaper, for which the amount Rs. 0.90 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.70 lakhs with a pattern of assistance of 40%.
• The subsidy available for multipurpose hydraulic system, for which the amount Rs. 2.00 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 1.60 lakhs with a pattern of assistance of 40%.
• The subsidy available for track trolley, for which the amount Rs. 2.00 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 1.60 lakhs with a pattern of assistance of 40%.

You may also like the Horticulture Subsidy, NABARD Schemes.

5. Subsidy on Tractor/Power Tiller (below 20 BHP) driven equipments of of agriculture machinery
   

• The subsidy available for MB Plow, disc plow, cultivator, harrow, leveler blade, cage wheel, furrow opener, ridger, weed slasher, for which the amount Rs. 0.20 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.16 lakhs with a pattern of assistance of 40%.
• The subsidy available for furrow opener, Bund former, Crust breaker, Rotopuddler, Roto-cultivator, Power Harrow for which the amount Rs. 0.40 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.32 lakhs with a pattern of assistance of 40%.
• The subsidy available for Chisel Plough, for which the amount Rs. 0.10 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.08 lakhs with a pattern of assistance of 40%.
• The subsidy available for Harvesting & Threshing Equipments that are Operated by engine/electric motor above 5 hp and tractor of above 35 BHP tractor, for which the amount Rs. 0.10 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.08 lakhs with a pattern of assistance of 40%.
• The subsidy available for Sowing , Planting ,Reaping and Digging Equipments, for which the amount Rs. 0.40 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.30 lakhs with a pattern of assistance of 40%.
• The subsidy available for Inter Cultivation Equipments, for which the amount Rs. 0.35 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary, is Rs. 0.30 lakhs with a pattern of assistance of 40%.
• The subsidy available for equipments for residue management/hay and forage equipments, for which the amount Rs. 0.40 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.30 lakhs with a pattern of assistance of 40%.

6. Subsidy on all manual/animal drawn equipment/implements/tools of of agriculture machinery
   

• The subsidy available for harvesting and threshing equipments such asground nut pod stripper, thresher, winnowing fan, tree climber, horticulture, hand tools, maize sheller, feed block machine, spiral graderfor which the amount Rs. 0.40 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.30 lakhs with a pattern of assistance of 40%.
• The subsidy available for harvesting and threshing equipments such as grass weed slasher, weeder, conoweeder, garden hand tools for which the amount Rs. 0.012 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.010 lakhs with a pattern of assistance of 40%.
• The subsidy available for harvesting and threshing equipments such as grass weed slasher, weeder, conoweeder, garden hand tools for which the amount Rs. 0.012 lakhs is 50% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.010 lakhs with a pattern of assistance of 40%.

7. Subsidy for establishment of PHT units

For the establishment of  PHT units and for transfer of primary processing technologies, value addition, low cost scientific storage of the agricultural products, packaging units  and technologies for by-product management especially in the production catchments. The subsidies available are –

• The subsidy available for mini rice mill, for which the amount Rs. 2.40 lakhs is 60% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 2.00 lakhs with a pattern of assistance of 40%.
• The subsidy available for mini dal mill, for which the amount Rs. 1.50 lakhs is 60% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 1.25 lakhs with a pattern of assistance of 40%.
• The subsidy available for millet mill, for which the amount Rs. 5.40 lakhs is 60% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 4.50 lakhs with a pattern of assistance of 40%.
• The subsidy available for millet mill, for which the amount Rs. 5.40 lakhs is 60% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 4.50 lakhs with a pattern of assistance of 40%.
• The subsidy available for oil mill with filter press for all types of Horticulture/Food grain/oilseed crop, for which the amount Rs. 3.00 lakhs is 60% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 2.50 lakhs with a pattern of assistance of 40%.
• The subsidy available Extractor for all types of Horticulture/Food grain/oilseed crops, for which the amount Rs. 1.80 lakhs is 60% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 1.50 lakhs with a pattern of assistance of 40%.
• The subsidy available all types of Solar Driers ( for all type of Horticulture / food grain/ oil seeds Crops) with floor area of about 400 to 1000 sq. feet, for which the amount Rs. 3.50 lakhs is 60% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 3.00 lakhs with a pattern of assistance of 40%.
• The subsidy available all types of all types of Grinder/Pulveriser/Polisher (for all types of Horticulture /Food grain/oilseed crop), for which the amount Rs. 0.60 lakhs is 60% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 0.50 lakhs with a pattern of assistance of 40%.

8. Subsidy on Plant Protection Equipment

The subsidy available manual sprayer, knapsack/foot operated sprayer, powered knapsack sprayer/power operated sprayer (capacity 8 – 12 lts), powered knapsack sprayer/power operated sprayer (capacity above 12-16 lts), powered knapsack sprayer/power operated sprayer (capacity above 16lts, tractor operated sprayer (air carrier/assisted), tractor operated sprayer (boom type), eco-friendly light trap, tractor operated electrostatic, sprayer, and bird scarer, for which the amount Rs. 2.50 lakhs is 60% and the maximum permissible subsidy per machine/equipment per beneficiary is Rs. 2.00 lakhs with a pattern of assistance of 40%.

Incase if you miss this: Poultry Farm Subsidy, NABARD Schemes.

9. Subsidy for Purchasing Combine Harvester of agriculture machinery

Under the Sub-Mission Scheme of Agricultural Mechanization being implemented by the Department of Agriculture, Cooperation and Farmers Welfare, subsidies at 40% of the project where the cost is limited toRs. 24 lakhs, whichever is less, that is extended to the rural entrepreneurs, progressive farmers and NGO’s and self-help groups for establishment of farm machinery and to get updated with the innovations in farming the banks are also providing and helping in purchasing various agricultural machinery and equipment including the combine harvester for farmers.

List of loans available for purchasing these agricultural equipment

The below are the loans available for purchasing the farm management equipments. These include the following-

Farm Mechanization Loan

Government banks offer loans such as tractor loans, drip irrigation loan, combine harvester loans etc.The type of loan, key features, documents required, benefits, interest rate, repayment tenure, eligibility criteria, are described below for each of them-

Tractor Loan under Stree Shakti Mortgage free scheme

This loan is a mortgage free loan which has low interest rate and will be sanctioned within 3 days. These have monthly repayment options.

Interest rate

The interest rate is 11.20% per annum and the margin will be 25% based on the tractor’s original invoice and 50% accessories for tractors accessories.

Eligibility criteria

• The borrowers andco-borrowers should be women.
• There should be a minimum of 2 acres of agricultural land, to apply for this loan in the name of the applicant.
• The annual income of the borrower should be minimum of Rs.1.5 lakh per annum.

Documents required

The documentsrequired for sanctioning this loan is –

Pre-sanction documents

1. Duly filled application form of the particular type of loan.
2. 3 passport sized photographs.
3. Need to submit any of the ID proofs which includes PAN card, Voter ID card, or passport
4. Should submit the address proof of the borrower such as Voter ID card, or passport or Aadhar card.
5. Land proof in the documented form.
6. Certificate of the income poof from revenue authority.
7. Quotation of the tractor which you are willing to purchase that dealer issued to the customer based on the requirement.

Pre-disbursement documents

1. Loan documentsof thebased on the type of loan which you applied for.
2. 6-post-dated cheques need to be submitted to the bank.

Post-disbursement documents

1. RC book of the tractor for which the loan has been sanctioned with hypothecation charges which has to be in favour of the State Bank of India.
2. Original invoice of the tractor from the dealer.
3. Comprehensive insurance policy for the vehicle which the customer purchased.

For other loans such as SSTL with liquid collateral the interest rate differs which is 10% and rest all will be the same will be the same. For New Tractor Loan Scheme the interest rate is 11.95% per annum and the eligibility criteria and all will be the same.

You may also check the Aquaculture Subsidy, Loan, Eligibility.

Getting a loan on Combine Harvester

This loan is applied for the purchase along with the combine harvester including its accessories. The loan should be repaid in 6 instalments in a year and the tenure would be 9 years. The key features of this loan includes the following-

• Interest rate of 12% per annum
• The margin rate would be 15 to 25% of the cost of combine harvester and its accessories.
• Repayment tenure provided is 9 years including the grace period.
• The mortgage of land has to be submitted as a collateral for availing this loan.

Eligibility criteria for getting loan on Combine Harvester

• All the farmers who have the experience to operate the combine harvesters can apply for this loan.
• For availing this loan at least 8 acres of land should be in the name of the applicant.

Documents required

1. Duly filled application form of the particular type of loan.
2. 3 passport sized photographs.
3. Need to submit any of the ID proofs which includes PAN card, Voter ID card, or passport
4. Should submit the address proof of the borrower such as Voter ID card, or passport or Aadhar card.
5. Land proof in the documented form.

Getting Drip Irrigation loan

This loan can be availed by the farmers in order to purchase the drip irrigation system. This has importance and many key features. These includes the following-

• The interest rate for drip irrigation loan is 12% per annum.
• The margin rate to sanction the loan is 15 to 25% of the total cost of the project.
• The repayment tenure ranges from 5 to 13 years.
• The collateral documents needed to submit for a loan amount of Rs. 10,000 then there is no requirement for collateral, whereas for total cost of more than 10,000 then you need to submit a mortgage or charge on land.

Eligibility for applying the drip loan

All farmers or the people who are starting farming as a business can avail this loan who are having the own land and are mainly involved in agricultural activities.

Documents required for drip irrigation loan

1. Duly filled application form of the particular type of loan.
2. 3 passport sized photographs.
3. Need to submit any of the ID proofs which includes PAN card, Voter ID card, or passport
4. Should submit the address proof of the borrower such as Voter ID card, or passport or Aadhar card.
5. Mortgage documents of the land
6. Deed of guarantee for the drip irrigation loan.

By going through all these schemes and subsidies and application of loan formalities, this blog gives you clear information about the equipments of the agriculture.

You may apply this information for agriculture machinery subsidy in Karnataka, agriculture machinery subsidy in Tamilnadu, agriculture machinery subsidy in Telangana, agriculture machinery subsidy in Maharashtra, agriculture machinery subsidy in Andhra Pradesh, agriculture machinery subsidy in Kerala, agriculture machinery subsidy in Bihar, agriculture machinery subsidy in Madhya Pradesh, agriculture machinery subsidy in Uttar Pradesh, agriculture machinery subsidy in West Bengal, agriculture machinery subsidy in Gujarat, agriculture machinery subsidy in Rajasthan, agriculture machinery subsidy in Punjab, agriculture machinery subsidy in Haryana, agriculture machinery subsidy in Uttarakhand, agriculture machinery subsidy in Chhattisgarh, agriculture machinery subsidy in Odisha, agriculture machinery subsidy in Assam, agriculture machinery subsidy in Himachal Pradesh, agriculture machinery subsidy in Nagaland, agriculture machinery subsidy in Meghalaya, agriculture machinery subsidy in Tripura, government subsidy for agriculture equipment.You might be interested in Home Gardening Tools and Uses.