Several states and the Government of India implement subsidy schemes for the tractors to make them accessible to the farmers especially the small and marginal landholders. Knowing the schemes you are eligible for can help in reducing the overall purchase cost considerably.
Why These Schemes
Mechanisation increases farm productivity, lowers dependence on manual labour and increases total agricultural productivity. Central and state governments provide capital subsidies, interest subventions, and tailored support for specific kinds of farmers to encourage more farmers to mechanise.
Support from Central Government
The schemes under the overall agricultural mechanisation mission provide partial subsidy on purchase of tractors and farm equipment. The subsidy proportion is larger for small, marginal and women farmers. These schemes are generally operated through the state agriculture departments and hence the specific procedure may differ from state to state.
Variations in subsidies at state level
Apart from the schemes of the centre, many states have their own subsidy programmes and occasionally these include unique benefits for farmers from the Scheduled Caste and Scheduled Tribe populations. The proportion of subsidy, the categories of tractors and the time for applying for the subsidy vary from one state to another. So, it is better to verify the latest announcement released by your local agriculture department.
General eligibility criteria
The programs generally demand verification of land ownership or cultivation rights, an income certificate, name and residence proof and in some situations, certification that the applicant does not already own a tractor. Priority is generally given to small and marginal farmers, so as to ensure the benefit reaches the needy at the most.
Application Process
Applications are normally submitted through the state agriculture department's website or local agriculture office, along with the appropriate paperwork and a quotation from an authorised tractor dealer. Processing dates may vary thus it is advisable to apply well in advance of your intended purchase date and to preserve copies of all documents submitted.
Final Thought
Government subsidies can greatly lower the effective cost of owning a tractor, but eligibility regulations and benefit amounts change regularly ; always check current specifics with your local agriculture office. Knowing your budget after subsidy, you can check the tractor models and pricing at tractorkharido.com and pick the best fit for your farm.
