National Mission on Agricultural Mechanization (NMAM)

. Snapshot

· Launch: 2014
· Ministry: Agriculture & Farmers Welfare
· Objective: Promote farm mechanization

2. Key Features

· Subsidy: 40%–50% (higher for SC/ST & small farmers)
· Focus: Small & marginal farmers
· Special focus on Custom Hiring Centres (CHCs)

3. Eligible Activities

✔ Tractors, power tillers
✔ Harvesters & seed drills
✔ Sprayers & irrigation equipment
✔ Custom Hiring Centres (CHCs)
✔ Farm mechanization tools

4. Financial Pattern

· Subsidy: Direct benefit (DBT)
· Loan: Bank finance for balance amount
· Margin: Beneficiary share required

5. Banking Lens

· PSL under Agriculture
· Asset-backed lending (machinery)
· Viability based on usage & income generation

6. Governance & Economic Impact

· Reduces labour dependency
· Improves farm productivity
· Enables timely agricultural operations

7. Official Source

· https://agrimachinery.nic.in
· Ministry of Agriculture Guidelines