Farm Mechanization · Jharkhand
Speed cum fertilizer drill Subsidy in Jharkhand
Speed cum fertilizer drill
NABARD Unit Cost for Speed cum fertilizer drill in Jharkhand
Government-approved benchmark amount for farm mechanization financing
Speed cum fertilizer drill
Eligibility for Speed cum fertilizer drill Subsidy in Jharkhand
Who can apply
- Individual farmers with land records (7/12, patta, or registered lease deed) in Jharkhand
- Farmer Producer Organisations (FPOs) and Self-Help Groups (SHGs)
- Agri-entrepreneurs and cooperatives for commercial-scale investments
- SC/ST farmers and women farmers (eligible for enhanced subsidy component of 5–10% additional)
How to Apply for Speed cum fertilizer drill Subsidy in Jharkhand
Step-by-step process
- Prepare a Detailed Project Report — Use the NABARD unit cost of ₹65,800 as the benchmark.
- Visit your bank in Jharkhand — Bring Aadhaar, land records (7/12 or patta), and the DPR to a nationalised bank, RRB, or PACS branch.
- Scheme linkage — The bank will link your application to SMAM.
- Technical verification — A department officer inspects the asset after installation and submits a verification report to the sanctioning authority.
- Subsidy credit to loan account — The capital subsidy is deposited directly into your loan account, reducing the outstanding principal. Total processing time: 30–60 days.
Relevant central schemes:
More Farm Mechanization Subsidies in Jharkhand
- Paddy Thresher₹53,000
- Multi Crop thresher₹2,95,300
- Combined Harvester Tractor Operated₹1,42,900
- Self propelled Paddy Transplanter₹3,52,200
- Rotavator(16-25 hp for tractor)₹71,200
- Rotavator(25-40hp for tractor)₹1,12,300
- Rear mounted reaper₹80,600
- Tractor operated Zero -till seed cum fertilizer drill₹40,000
More Subsidy Categories in Jharkhand
Agri Finance & Credit
Loans, crop insurance and investment norms — NABARD unit costs, PMFBY rates and KCC interest.
Weather & Crop Advisories
District-level agromet advisories combining IMD 5-day weather forecasts with crop-specific pest, disease and irrigation recommendations.
Agriculture News
Daily updates on mandi price movements, scheme announcements, weather advisories and crop-wise reports from state agriculture departments.
Agri Input Dealers
Find licensed seed, fertilizer and pesticide dealers near you.
Frequently Asked Questions
What is the NABARD subsidy amount for Speed cum fertilizer drill in Jharkhand?
The NABARD unit cost for Speed cum fertilizer drill in Jharkhand is ₹65,800. This is the benchmark amount banks use when sanctioning a term loan for this activity. The actual subsidy you receive depends on the scheme — typically 25–50% of the unit cost.
What does "the specification" mean for Speed cum fertilizer drill?
The specification "listed above" defines the exact scale or parameters of the investment — such as area in hectares, capacity in litres per day, number of animals, or structural dimensions. NABARD unit costs are tied to this specification; a different scale may have a different unit cost. If your project differs, ask your bank to use the nearest applicable NABARD benchmark.
How do I apply for the Speed cum fertilizer drill subsidy in Jharkhand?
Step 1: Prepare a DPR for Speed cum fertilizer drill using the NABARD unit cost of ₹65,800 as the benchmark. Step 2: Visit a nationalised bank or RRB in Jharkhand with land records, Aadhaar, and the DPR. Step 3: The bank appraises and routes the subsidy claim through the Farm Mechanization department. Step 4: After physical verification, the subsidy is deposited into your loan account. Total processing time is typically 30–60 days.
Which government scheme covers Speed cum fertilizer drill in Jharkhand?
Speed cum fertilizer drill falls under the Farm Mechanization category. Relevant central schemes include Sub-Mission on Agricultural Mechanization (SMAM). Check the Apply section below for the specific portal and nodal department in Jharkhand.
Which state gives the highest subsidy for Speed cum fertilizer drill?
Jharkhand offers ₹65,800 for Speed cum fertilizer drill, which is among the higher rates across Indian states. The compare table below shows the exact amount in each state where NABARD has published a unit cost for this activity.
What is the loan repayment period for Speed cum fertilizer drill financing in Jharkhand?
NABARD-linked term loans for farm mechanization investments like Speed cum fertilizer drill typically have a repayment period of 5–9 years (including a moratorium of 1–2 years). The moratorium aligns with the gestation period of the investment — for example, a fruit orchard may take 3 years to yield income, so repayment begins after that. Exact tenure depends on your bank and the specific scheme.