Bihar Govt's 'Mukhyamantri Harit Krishi Sanyantra Yojana' offers 50% subsidy on machinery rental since 24.08.2018 for promoting agricultural mechanization.
Scheme Overview
Bihar Govt sets up Krishi Sanyantra Bank (KSB) at PACS, costing 20 lakh rupees for building and facilities.
Features
Rs.1692.60 crore allocated to aid small and marginal farmers.
Scheme enhances farm machinery accessibility and affordability.
Aims to stabilize machinery economy by offering financial assistance.
Enables farmers to afford larger machines, even for small farms.
Eligibility: Bihar resident farmer or group owning farmland in the state.
50% subsidy on expensive agricultural machinery through Krishi Sanyatra Bank.
Benefits
Aims to boost agricultural yields and financial conditions of farmers through support services, equipment rental, and assistance programs, expanding farm mechanization in areas with limited access to farm power.
Drawbacks
The scheme, operated by the Agricultural Machinery Bank, relieves farmers from loan repayments and fees; simplifying the application and enabling online registration could improve accessibility.
Apply for Mukhyamantri Harit Krishi Sanyantra Yojana at local Gram Panchayat or Tehsil office.
Application Process
The government will issue a notification for the application process on its official website.