Under this scheme, the newly developed equipment, modern machinery and gender friendly equipment are being provided to the farmers on subsidy. The use of Farm machinery like tractors, Power tillers, Power Weeders, Crop Reaper cum binders, Rotavators, Seed drills, Cultivators etc. is popularised to address the problem of real time unavailability of labour at the time of actual need and to get the agricultural operations done fast within the most ideal time window, so that the potential yield of crops is achieved apart from reducing the cost of labour in farming.
The rate of subsidy for SC, ST Small, Marginal and women Farmers is 50% and for other farmers it is 40% of the cost subject to maximum ceiling on a particular component of the schemes as specified in the guidelines of the scheme. For the FY 2023-24 the annual plan of Rs. 1536.89 (Rs. 1383.21 lakh central share + Rs. 153.68 Lakh state share) has been sanctioned by the Govt. of India , the first installment is awaited . The application, sanction and release of subsidy under this scheme is only through online DBT portal of GOI.