Subsidy for Purchasing Agricultural Implements for Farmers
Department of Agriculture, Cooperation and Farmers Welfare (DAC&FW) provides Subsidy to farmers through State Governments under different schemes, such as Sub-Mission on Agricultural Mechanization (SMAM), Rashtriya Krishi Vikas Yojna (RKVY) for purchase of various agricultural equipment’s and machines, National Food Security Mission (NFSM), Mission for Integrated Development of Horticulture (MIDH) and National Mission on Oilseeds and Oil Palm (NMOOP).
Agriculture Equipment : Subsidy for Purchasing Combine Harvester
Subsidy @ 40% of the project cost limited to a maximum of Rs. 24 lakhs, whichever is less, is extended to the rural entrepreneurs, progressive farmer and self-help groups for establishment of farm machinery banks for custom hiring comprising of various agricultural machinery & equipment including combine harvester.