Govt. of Maharashtra

Farm Mechanization Scheme (FMS) Maharashtra: Farmers to get subsidy of upto 50 on Tractor & other agricultural equipment

Farm Mechanization Scheme (FMS) Maharashtra Farmers to get subsidy of upto 50 on Tractor & other agricultural equipment

The government of Maharashtra has approved a new scheme called as Farm Mechanization Scheme (FMS). The objective of this scheme is to encourage farmers in the state to use modern methods and machines in day to day agricultural activities. The government is planning to launch thr scheme in 2018-19. The state government will fully sponsor this scheme. With the scheme the government wants to make sure that the farmers income is doubled by 2022 and they can save on their labour and other expenses.

The scheme is applicable to all the farmers across maharashtra. 35% subsidy will be provided to small and marginal and SC/ST farmers along with 50% on other farm equipments. For other farmers in general there is a subsidy of 25% on tractor purchase and 40% on other farm equipments.

Rs 50 crores has been allocated for the scheme in year 2018 and same will be given next year 2019 for the scheme. The state government will implement the scheme based on the guidelines from the central government sub-plan on farm mechanization project.

has made a provision for this scheme in this year & the same amount will also be taken in the next year. For implementing this scheme, the state government will adopt the guidelines of the central governments sub-plans on farm mechanization projects. Banks can also apply for the scheme in order to provide loans to the farmers for agricultural equipments purchase. The self-help farmer groups will be given priority under the scheme.

The scheme will help farmers a lot. As there is a scarcity of labour and increasing labour costs. Mechanization will save time and cost.

What is Farm Mechanization Scheme (FMS)?

The government of Maharashtra scheme for farmers to encourage the use of modern methods and machines for the day to day agricultural activities.

Farm Mechanization Scheme (FMS): Objectives

  • To encourage farmers to use of modern methods and machines in the farms
  • To provide a subsidy on the purchase of modern equipments and tractors
  • To increase the farmer’s income
  • To help farmers in simplifying day to day agricultural activities
  • To improve the living standard of the farmers

Farm Mechanization Scheme (FMS): Eligibility/ Who can apply?

  • All the farmers in Maharashtra state can apply
  • Small and marginal farmers
  • SC/ST farmers of the state
  • Self help farmer groups will be given priority

Farm Mechanization Scheme (FMS): Benefits

  • Small, marginal & SC/ST farmers: 35% subsidy on Tractor and 50% subsidy on purchase of other implements
  • Other farmers: 25% subsidy on Tractor and 40% subsidy on purchase of other equipment
  • Banks can also apply for the scheme in order to provide loan to the farmers

Farm Mechanization Scheme (FMS): How to apply?

The scheme will be launched shortly. Application form and application procedure is yet to be announced by the government.

Farm Mechanization Scheme (FMS): Implementation & Highlights

  • This scheme will launch in the current financial year 2018-19
  • The objective of this scheme is to encourage farmers in the state to use modern methods and machines in the farm To save labour cost and time
  • The state government will fully sponsor this scheme
  • This scheme is a part of the government’s plan to double the farmers’ incomes by the year 2022
  • Small, marginal farmers and the SC/ST farmers will get 35% subsidy on the purchase of Tractor and 50% subsidy on other modern farm equipment
  • Other farmers will also get a subsidy of 25% on purchase of Tractor and 40% on the purchase of other equipment
  • Rs 50 Crores has made a provision in this year and same amount will also be given in the next year
  • The state government will adopt the guidelines of the central governments
  • Banks can also apply the scheme
  • Under the scheme, self-help groups of small farmers will be given the priority

Other Important Schemes

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