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Farm Mechanization · Jharkhand

Variant iii Subsidy in Jharkhand

Variant iii

NABARD Unit Cost for Variant iii in Jharkhand

Government-approved benchmark amount for farm mechanization financing

NABARD Unit Cost₹1,60,000
StateJharkhand
CategoryFarm Mechanization
Sub-CategoryPower tiller
Specification10.1 Kw 496 Kg(with rotovator)

Variant iii — 10.1 Kw 496 Kg(with rotovator)

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Eligibility for Variant iii 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)

Specification note

This unit cost applies specifically to: 10.1 Kw 496 Kg(with rotovator). If your investment differs in scale or configuration, ask your bank to identify the nearest applicable NABARD benchmark.

How to Apply for Variant iii Subsidy in Jharkhand

Step-by-step process

  1. Prepare a Detailed Project Report — Use the NABARD unit cost of ₹1,60,000 as the benchmark for a 10.1 Kw 496 Kg(with rotovator) investment.
  2. Visit your bank in Jharkhand — Bring Aadhaar, land records (7/12 or patta), and the DPR to a nationalised bank, RRB, or PACS branch.
  3. Scheme linkage — The bank will link your application to SMAM.
  4. Technical verification — A department officer inspects the asset after installation and submits a verification report to the sanctioning authority.
  5. 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

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Frequently Asked Questions

What is the NABARD subsidy amount for Variant iii in Jharkhand?

The NABARD unit cost for Variant iii in Jharkhand is ₹1,60,000 (specification: 10.1 Kw 496 Kg(with rotovator)). 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 "10.1 Kw 496 Kg(with rotovator)" mean for Variant iii?

The specification "10.1 Kw 496 Kg(with rotovator)" 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 Variant iii subsidy in Jharkhand?

Step 1: Prepare a DPR for Variant iii using the NABARD unit cost of ₹1,60,000 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 Variant iii in Jharkhand?

Variant iii 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 Variant iii?

Jharkhand offers ₹1,60,000 for Variant iii, 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 Variant iii financing in Jharkhand?

NABARD-linked term loans for farm mechanization investments like Variant iii 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.