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Govt annouces 40-100 per cent subsidy to popularise drone in agriculture

Govt annouces 40-100 per cent subsidy to popularise drone in agriculture_4.1

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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