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How long has the Union Ministry of Agriculture revised the Sub-Mission on Agricultural Mechanization (SMAM) guidelines to provide 40-100% subsidy?
A)
June 2022
B)
October 2022
C)
January 2023
D)
March 2023

Correct Answer : Option (D) - March 2023



Union Agriculture Ministry has amended the guidelines of Sub-Mission on Agricultural Mechanization (SMAM) to provide 40-100% subsidy until "March 2023" in purchasing drones for farm mechanization. After the amendment, a grant for the purchase of drones up to 100% of the cost of agriculture drones or Rs 10 lakhs, whichever is less, can be given.
 
 
The detail of percent 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% 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% subsidy (maximum Rs 4 lakh).

Published On : January 24, 2022
Category : Agriculture
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