The Krishi Yantra Subsidy Yojana has been started by the government to help farmers in buying farming instruments to carry out agricultural works. The government initiated this scheme to modernize farming so that agricultural works get done easily. Owing to very poor economic conditions, sometimes farmers aren’t able to buy costly farming equipment. This scheme will help them get the required tools at a reduced price and enable them to improve their farming work.
Krishi Yantra Subsidy Yojana – An Overview
Scheme Name – Krishi Yantra Subsidy Yojana
Scheme Modification Date – 2022
Last date for application – 31st December 2022
Type of Government Scheme – Central Government
Helpline Nos – 1800-180-1551
Features of the Krishi Yantra Subsidy Yojana
|Sl. Nos||Details about the Krishi Yantra Subsidy Yojana|
|1||How much subsidy will the marginal and small farmers gets?||About 50% subsidy.|
|2||How much subsidy will the other farmers get?||About 40% subsidy.|
|3||What are the machines on which the subsidy will be available?||Some of the machineries include reaper-cum-binder, chain saw, seed-cum-fertilizer drill-5 tine and seed-drill.|
|4||What are the eligibility criteria for the scheme?||The farmers need to belong from the ST, SC, general category and OBC. They should have the required documents.|
What are the benefits of the Krishi Yantra Subsidy Yojana?
Here are a few of the advantages of the scheme for farmers:
- Farmers would get a subsidy when they buy farming and agricultural devices.
- Farmers can reap the advantages of the modern-day farming machinery.
- Using advanced agricultural equipment can help farmers to increase their production.
- The scheme will help the farmers to increase their earning ratio.
- The economic status of farmers will also get improved.
- The scheme will help farmers to have more savings in their farming fund and plan it better in the days to come.
How to apply for the Krishi Yantra Subsidy Yojana?
Farmers can apply for the scheme with the following steps:
Step 1 – Click on the official website of the scheme.
Step 2 – Browse the homepage to get the link for subsidy under the CRM scheme.
Step 3 – Go to the “Proceed to apply” option.
Step 4 – Fill in all the details necessary to apply for the scheme, such as bank details, farmer and land details.
Step 5 – Once all the details get fulfilled, submit the form.
What are the documents that are required to apply for the scheme?
- The farmers need to submit the copy of the following documents to apply for the scheme:
- Aadhar card
- Voter ID
- Pan card
- Valid rc
- Bank passbook
- Mobile number
The Krishi Yantra Subsidy Yojana enables the farmers to leverage the benefits of the advanced farming tools and machinery, to level up their agricultural produce and increase their earnings. Machineries like power thresher, tractor, power tiller, laser land leveler, sprinkler set and pump set need heavy investments. Farmers don’t have enough funds to buy all the devices and tools. The scheme can provide the financial aid and not let the farmer suffer of poor-quality produce, that can lead to poor earning and less profits.
Note: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. Pesticides are a considerable risk of loss in crops and viewers are advised to do their own research before making any decisions.