Categories: National

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

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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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.