Tractor Subsidy In Gujarat

Tractors Subsidy in Gujarat

Tractors Subsidy in Gujarat:

Government Tractors Subsidy Schemes in Gujarat:

Procure appropriate machinery/ equipment as per land holding size and crop. The purchased tractors& equipment can be used by Custom Hiring/sharing by groups of farmers.

Features of the scheme:

• Training will be provided for the eligible persons, on the proper use of Farm Machinery and its routine maintenance and servicing through Farm Machinery Training &Testing Institutes (FMTTIs), KVKs & State.
• For Tractor (up to 40 PTO HP) – a subsidy of Rs.45, 000 or 25% of cost of tractors, for tractors (more than 40 PTO HP) a subsidy of Rs.60, 000 or 25% of cost, whichever is less 60 PTO HP)
• Tractors (up to 20 HP) – For SC, ST, Small & Marginal Farmers and Women – 35% / 1.00 Lakh. For other Beneficiaries – 25% / 75,000
• Tractors (20 to 40 HP) -For SC/ST, small & marginal farmers, 35%of cost or 1.25 lakh, and for other Beneficiaries-25% or 1.00 lakh, whichever is less.
• Tractors (Above 20 to 70 PTO HP) – For SC, ST, Small & Marginal Farmers and Women – 35% / 1.25 Lakh For other Beneficiaries – 25% / 1.00 Lakh.
• Power Tiller/mini tractor – 40% of the cost of the tractors or 45,000 for a general farmer, for SC, ST farmer 50% or Rs. 60,000, whichever is less.

Scheme for financing Tractors- By Dena Gujrat Gramin Bank:

For a farmer who needs a tractor for Agriculture purpose are facilitated by a tie-up with manufacturers/company of various tractors with the cheapest rate and free service facility for a tractor.

Tractor Financing by Bank of Baroda:

This bank offers Finance for Tractors & Heavy Agriculture Machinery.

Main Purpose of Scheme:

• Purchase of new tractor
• Tractor-drawn implements
• Power tiller and other agricultural machines etc.

Eligibility:

• Small and marginal, literate and illiterate farmers whose main occupation is a cultivation of crops as the owner of the land, permanent tenants or leaseholders (for reasonably long periods) and who utilize the tractor/ machinery to the minimum extent of 50% on their own landholding.
• They should possess perennially irrigated land of a minimum of 4 acres (tractors to the farmer with land holding below 6 acres of irrigated land is considered for tractors with horsepower up to 35 HP).
• They should cultivate high-value commercial crops such as sugarcane, grapes, bananas & vegetables.

Margin:

Min10% of the Cost of the tractors& Implements.

Repayment Period:

For tractors, the repayment period is 9 years: for Power Tillers- 7 years (Depends upon the repaying capacity on half-yearly and annual basis based on surplus generation from the crop and landholding of farmers).

Government Tractors Subsidy Schemes in Gujarat

Procure appropriate machinery/ equipment as per land holding size and crop.

Machinery & equipment can be used by Custom Hiring/sharing by groups of farmers.

Conserve Resources - Use Zero-till Seed Drill, Laser Leveler, Happy Seed Drill Rotavator, etc.

Training is provided on proper use of Farm Machinery and its routine maintenance and servicing through Farm Machinery Training &Testing Institutes (FMTTIs), KVKs & State.

Tractor - Rs.45,000 or 25% of cost, whichever is less ( upto 40 PTO HP) Rs.60,000 or 25% of cost, whichever is less ( more than 40 PTO HP to 60 PTO HP)

Tractors (08 to 20 PTO HP) - For SC, ST, Small & Marginal Farmers, Women – 35% / 1.00 Lakh. For other Beneficiaries – 25% / 75,000

Tractors (20 to 40 PTO HP) - For SC/ST, small & marginal farmers, 35%of cost or 1.25 lakh, whichever is less and for other Beneficiaries-25% or 1.00 lakh, whichever is less.

Tractors (Above 20 to 70 PTO HP) - For SC, ST, Small & Marginal Farmers, Women – 35% / 1.25 Lakh For other Beneficiaries – 25% / 1.00 Lakh.

Power Tiller (below 8 BHP) - For SC, ST, Small & Marginal Farmers, Women – 50% / 0.50 Lakh For other Beneficiaries – 40% / 0.40 Lakh.

Power Tiller (8 BHP & above) - For SC, ST, Small & Marginal Farmers, Women – 50% / 0.75 Lakh For other Beneficiaries – 40% / 0.60 Lakh.

Power Tiller - Rs.45000 or 50% of cost for general farmer, whichever is less. For For SC, ST, Small & Marginal Farmers, Women, Primary agricultural cooperative societies/institutions: 60% of cost or in limit of Rs.54000.

Power Tiller/mini tractor - 40% of cost or 45,000 for general farmer, for SC, ST farmer 50% or Rs. 60,000, whichever is less. Eligibility for getting further(second time) benefit of unit - minimum seven years.