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The government offers up to 50% subsidy on agricultural equipment and 80% for Custom Hiring Centers to support farmers.
The government is offering subsidies to make farming easier. Through the Krishi Yantra Anudan Yojana, farmers can get financial help for fertilizers, seeds, pesticides, and agricultural machinery. This scheme is known by different names in various states, like E-Krishi Yantra Anudan Yojana in Madhya Pradesh, Agricultural Mechanization Scheme in Bihar, and Krishi Yantra Anudan Yojana in Rajasthan and Uttar Pradesh.
Farmers can get a 50 percent subsidy on equipment used for managing crop residue under the Promotion of Agricultural Mechanization for In-Situ Management of Crop Residue (CRM) scheme. Additionally, an 80 percent subsidy is available for Custom Hiring Centers. Applications for these subsidies started on July 2.
Under this scheme, farmers can get subsidies on several types of equipment for crop residue management, including:
Custom Hiring Centers also receive substantial subsidies.
Farmers are eligible for a 50 percent subsidy on the purchase of agriculture or agricultural equipment. Custom Hiring Centers can receive an 80 percent subsidy. It's important to note that the subsidy covers only the equipment cost; farmers must pay GST separately.
To apply for the subsidy, farmers need:
Farmers, rural entrepreneurs, and Farmer Producer Organizations (FPOs) can apply online for the subsidy. Applications started at 12 noon on July 2 and will be accepted until midnight on July 16. To apply, visit the departmental portal at https://www.agriculture.up.gov.in and click on the "Remove Token" link. An OTP will be sent to the registered mobile number for verification.
Farmers must pay a security deposit while applying. The deposit amount varies based on the equipment's subsidy value:
If the farmer is not selected through the e-lottery, the deposit will be refunded.
After purchasing the equipment, farmers must upload the purchase receipt, equipment photo, serial number, and related information on the departmental portal within 30 days (45 days for Custom Hiring Centers). The subsidy is only available for equipment purchased from approved manufacturers listed on the upyantratracking.in portal. The farmer must pay at least 50 percent of the equipment price to receive the subsidy. If the equipment is not purchased within the stipulated time, the application will be canceled.
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The government’s subsidy scheme aims to support farmers by providing up to 50 percent off on agricultural equipment and 80 percent for Custom Hiring Centers. Farmers can apply online until July 16, using the required documents and paying a security deposit. This initiative helps farmers manage crop residue effectively, promoting sustainable farming practices. Ensure timely purchase and proper documentation to benefit from this scheme.