New Delhi.Buying a tractor for farming is not easy for small and marginal farmers. Due to its price running into lakhs of rupees, many farmers are not able to use modern machines. The SMAM (Sub-Mission on Agricultural Mechanization) scheme of the Central Government can be helpful for such farmers. Under this, eligible farmers are given subsidy to buy tractors and agricultural equipment.
How much subsidy will you get on buying a tractor?
According to the given details, farmers can get 25% to 50% financial assistance on the price of tractor. At the same time, provision of 80% to 100% assistance has been mentioned in some eligible projects related to Agricultural Machinery Bank and Custom Hiring Centre. However, this assistance may be separate from the individual tractor purchase.
How much benefit do farmers get in Maharashtra?
Farmers in Maharashtra can apply for farm mechanization schemes through the MahaDBT portal. The details available mention 40% to 50% subsidy on tractor purchase with a maximum assistance of around ₹2.5 lakh. At the same time, information has been given to get subsidy of up to ₹ 1 lakh for tractors up to 35 HP. The actual amount will depend on the category of the farmer and the applicable rules.
Which farmers can get priority?
In this scheme, there is a provision to give priority to small and marginal farmers, women farmers and farmers belonging to Scheduled Castes and Scheduled Tribes. Additionally, farmer groups, Self Help Groups (SHGs) and Farmer Producer Organizations (FPOs) may also be eligible for assistance under the respective components.
How to apply online?
For information and application of the scheme, farmers can visit the central government's agricultural machinery portal agrimachinery.nic.in or the official website of their state's agriculture department. During the application, identity card, land related documents and bank account information may be asked. Before submitting the application, please check the date of registration, eligible tractors and subsidy limit in your state.