Farmers in India can avail up to 50% or 1.2 lakh subsidy on Power Tillers
26 December 2023, New Delhi: Farmers in India get subsidies on agriculture equipment based on the type of machine and beneficiary type. Combining both these aspects, various combinations are available to avail subsidy options for a farmer. The subsidy is provided under Sub-Mission on Agricultural Mechanization (SMAM). Below is the Pattern of Financial Assistance under Sub-Mission on Agricultural Mechanization (SMAM).
| Type of Agricultural Machinery – Power Tillers | Maximum Permissible subsidy per Machine / Equipment perbeneficiary (For SC, ST, Small & Marginal farmers, Women) | Pattern of Assistance (For SC, ST, Small & Marginal farmers, Womenand NE States beneficiary) | Maximum Permissible subsidy per Machine / Equipment perbeneficiary (For other beneficiary) | Pattern of Assistance (For other beneficiary) |
| (i) Power Tiller (8 BHP and up to 11 BHP) | Rs. 1.00 lakh | 50% | Rs. O.80 lakh | 40% |
| (ii) Power Tiller (Above 11 BHP} | Rs. 1.20 lakh | 50% | Rs. 1.00 lakh | 40% |
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