Union Agriculture Ministry has amended the guidelines of Sub-Mission on Agricultural Mechanization (SMAM) to provide 40-100 per cent subsidy until March 2023 in purchasing drones for farm mechanization. After the amendment, a grant for the purchase of drones up to 100 per cent of the cost of agriculture drones or Rs 10 lakhs, whichever is less, can be given.
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The detail of per cent and maximum amount of subsidy is given below:
- Farm Machinery Training and Testing Institutes, Indian Council of Agricultural Research (ICAR) institutes, Krishi Vigyan Kendras and State Agriculture Universities- 100% subsidy- Rs 10 lakh maximum
- Agriculture graduates establishing Custom Hiring Centers (CHCs)= 50 per cent subsidy up to Rs 5 lakh
- Existing CHCs or new ones, already or to be set up by a cooperative society of farmers, farmer producers organizations (FPOs) and rural entrepreneurs are entitled to receive= 40 per cent subsidy (maximum Rs 4 lakh).
Important takeaways for all competitive exams:
- Union Minister of Agriculture: Narendra Singh Tomar.
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