Sub-Mission on Agricultural Mechanization: Who Qualifies and What You Get
Learn how to access subsidies of up to 80% for purchasing farm machinery to help modernize your agricultural work.
This scheme provides financial support to help farmers and organizations buy modern machinery to make farming tasks easier and more efficient.
Who it's for
The program is designed for individual farmers and Custom Hiring Centers.
What you get
You can receive a subsidy that covers a significant portion of the cost of your farm machinery. The amount of support you receive typically ranges from 40% to 80% of the purchase price.
What it costs you
While the subsidy covers much of the cost, you are responsible for paying the applicable GST. You must also ensure you purchase your equipment from manufacturers that have been officially empanelled for this program.
The catch to know
The money for the subsidy is not given upfront. The government will only release the funds after they have performed a physical verification to confirm that the machine has actually been purchased and is on your farm.
How to apply
- Check the list of approved manufacturers to ensure the machine you want is eligible.
- Apply through the official government agricultural portals.
- Purchase the machinery and keep all your purchase documents.
- Complete the verification process once the machine is on your property.