India Launches an Agricultural Technology Scheme with 50% Subsidy
In order to increase crop production using modern technologies, farmers must have the latest agricultural equipment. The Department of Agriculture has launched the Sub Mission on Agricultural Mechanization Scheme (SMAM) for this.
Farmers can apply for this scheme can go for online application. For this, farmers can download official notification and read the complete eligibility criteria. Here is brief information about the scheme and how individuals can benefit of it.
The SMAM scheme is started by the Central Government with the objective to provide financial help to all the farmers to purchase farming equipment. With this, every farmer will be able to use the latest technologies and will get better crop quality. With this scheme, farmers’ needs will be fulfilled with the aim of “Reaching the Unreached”. Central and State government will give 50% subsidy on all the Agricultural Equipment. Also, they will be given good quality seeds, pesticides, and enough water for the irrigation of crops.
Other objectives:
(1) Increasing the reach of Farm Mechanization to small and marginal farmers, and also in the regions where farm power availability is low.
(2) Promoting “Custom Hiring Centres” to offset the adverse economies of scale arising due to small landholding and the high cost of individual ownership.
(3) Creating awareness among stakeholders through demonstration and capacity-building activities.
(4) Establish Farm Machinery Banks for custom hiring for appropriate locations and crops.
(5) Any farmer of the country can apply for this scheme online. Women farmers can also apply.
Source: https://krishijagran.com/agripedia/smam-scheme-get-50-subsidy-on-latest-agricultural-equipment-know-how-to-apply/?amp=1
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