Change in Tractor Subsidy Rules: Know the New Process to Get Benefits

Key Highlights

• Unused agricultural equipment was removed from the subsidy list.

• Tractors in Machinery Bank must be labeled "Provided by Agricultural Machinery."

• 75 types of farming equipment eligible for subsidy.

• Farmers must buy one additional machine with a tractor.

• Transparent registration for new equipment in subsidy schemes.

Tractor Subsidy Rules: The demand for modern agricultural equipment is rising as farmers aim to increase productivity. Tractors play a crucial role in farming, helping farmers complete various tasks efficiently. To support farmers, the government provides subsidies on tractors and other agricultural machinery accordingly. Now, new changes have been made to the subsidy rules to ensure that the farmers may get maximum benefits.

Also Read: Do You Need a Driving License to Drive a Tractor in the Fields? Know the Rules

Key Changes in Tractor Subsidy Rules

• The state government has decided to remove agricultural equipment that is no longer useful from the subsidy list.

• Tractors provided under the Agricultural Machinery Bank must now be marked with "Provided by Agricultural Machinery."

• The AgricultureDepartment offers subsidies on 75 types of farming equipment under state and centrally sponsored schemes.

• Farmers must purchase at least one additional agricultural machine, such as sowing, plowing, harvesting, or threshing equipment, along with a tractor for subsidy eligibility.

New Agricultural Equipment to be Added to the Subsidy List

The Bihar State Agriculture Ministerhas reviewed the registration process of agricultural equipment manufacturers and sellers under the Krishi Yantrikaran Yojana. The process will now be made simpler and more transparent. Useful and in-demand equipment will be added to the list of the subsidy, while ineffective machinery will be removed. This step aims to ensure that farmers receive modern and efficient agricultural tools.

How Much Subsidy is Available on Tractors?

Under the SMAM scheme by the Central Government, the Bihar government provides subsidies to small, marginal, and needy farmers. The subsidy details are:

• General category farmers: Up to 40% subsidy on mini tractors (18-20 PTO HP)

• SC/ST and Extremely Backward Class farmers: Up to 50% subsidy on mini tractors

Farmers can apply for the subsidy when applications are invited. However, eligibility requires that the farmer should not already own a tractor and should not have received a similar subsidy in the last five years.

These changes aim to enhance agricultural productivity by ensuring farmers have access to the latest farming equipment, along with tractors.

Also Read: Pradhan Mantri Awas Yojana: Survey Date Extended, More People to Benefit

CMV360 Says

The revised tractor subsidy rules will help farmers access better equipment, improving agricultural efficiency. By ensuring transparency and including essential machinery, the government aims to support farmers in increasing their yield. Eligible farmers should stay updated on subsidy applications to take advantage of these benefits and enhance their farming productivity.