Centre Allocates Rs.1,050 Cr For Agricultural Mechanisation Scheme
Over 13 lakh agricultural machines have been distributed and more than 27,500 Custom Hiring Institutions established.
A harvester machine Feb 09, 2021
The Centre has allocated a Rs.1,050 crore budget for the Sub Mission on Agricultural Mechanisation (SMAM) for 2021-22, according to the Agriculture Ministry.
Between financial 2014-15 and 2020-21, funds worth Rs.4,556.93 crore have been released under the SMAM scheme to states and other implementing institutions, added a statement from the Ministry.
Over 13 lakh agricultural machines have been distributed and more than 27,500 Custom Hiring Institutions established.
Agricultural mechanisation contributes towards improving the efficiency and effectivity of the inputs used in crop production. Thus, productivity of crops increases. This also reduces drudgery associated with various farm operations.
The forthcoming Budget is expected to carry enhanced cash benefits, clarifications related to MSPs, new schemes to help the croppers, and changes in existing credit mechanisms