Jharkhand Government Announces Rs 140 Crore for Agricultural Equipment Distribution Scheme

Key Highlights

• Rs 140 crore was allocated for agricultural equipment subsidy.

• 8,400 farmers to benefit in 2025-26.

• Rs 4,587.66 crore was allocated to the agriculture sector.

• 118 warehouses to be constructed for storage.

• Focus on modern farming tools and self-help groups.

The Jharkhand government has allocated Rs 140 crore under the Agricultural Equipment Distribution Scheme to provide subsidies on tractors and other farming machinery. This scheme aims to benefit 8,400 farmers in the financial year 2025-26.

Also Read: Chhattisgarh Budget 2025–26: Sugarcane Farmers to Get Bonus, Rs 60 Crore Allocated

Major Announcements for Farmers in Jharkhand Budget 2025-26

The recently presented Jharkhand Budget 2025-26 has introduced several beneficial schemes for farmers and livestock owners. The government has allocated Rs 4,587.66 crore for agriculture and allied sectors. Here are some key highlights:

• Birsa Seed Production Exchange Distribution and Crop Extension Scheme: Rs 95 crore allocated for subsidized seeds for farmers.

• Jal Nidhi Sub-Scheme: Rs 203.40 crore allocated for deepening/renovating ponds and deep boring.

• Jharkhand State Millet Mission Scheme: Rs 24.50 crore allocated to provide subsidies to one lakh farmers to combat drought.

• Birsa Pradhan Mantri Fasal Bima Yojana: Rs 350 crore allocated for compensating farmers for losses due to natural disasters.

• Warehouse Construction Scheme: Rs 259.52 crore allocated for constructing 118 warehouses for produce storage.

• State Garden Development Scheme: Rs 304.85 crore allocated for vegetable and flower cultivation, farmer training, beekeeping, and tea plantation.

• Chief Minister Livestock Development Scheme: Rs 255 crore allocated to benefit 79,000 livestock farmers.

• Jharkhand Dairy Development Plan: The state targets 38.01 lakh metric tonnes of milk production with improved processing and marketing.

• Fisheries Development: Rs 24 crore allocated to produce 4.10 lakh metric tonnes of fish and support self-employment in fish farming.

Also Read: PMMSY: Government Extends Application Deadline for Fisheries

Agricultural Equipment Distribution Scheme

Under this scheme, the Jharkhand government is setting up agricultural equipment banks to provide modern farming tools to self-help groups, women farmer groups, and other agricultural organizations. Key details include:

• An 80% subsidy (up to Rs 5 lakh) on equipment package worth Rs 6.25 lakh for agricultural groups.

• Equipment covered: mini tractors, power tillers, rice transplanters, threshers, mini rice mills, cultivators, seed cum fertilizer drills, and post-harvest machines like mini dal mills and oil expellers.

• Priority will be given to women’s self-help groups and farmer groups associated with the Jharkhand State Livelihood Promotion Society.

• Farmers with more than 2 acres of cultivable land are eligible for the scheme.

• Individual farmers can receive up to 80% subsidy on a maximum project cost of Rs 2 lakh (up to Rs 1.60 lakh).

This initiative aims to enhance agricultural productivity, reduce manual labour, and support farmers in Jharkhand with modern farming technology. With substantial financial provisions, the state government is working towards improving the overall income and livelihood of farmers.

Also Read: Farmers Can Get Up to Rs 40,000 Per Acre for Crop Losses

CMV360 Says

The Jharkhand government’s budget for 2025-26 emphasizes agricultural growth with subsidies, modern equipment, and support schemes. These initiatives will boost productivity, reduce financial strain on farmers, and enhance their income. By prioritizing self-help groups and modern technology, the state aims to strengthen its agricultural sector and improve farmer’s livelihoods.