Farm Machinery Bank Yojana is a government scheme made to help farmers by providing farming machinery on rent. This plan supports the government’s goal to double farmers’ income by giving easy access to agricultural machines. Through this yojana, farmers can rent machines instead of buying them, saving both time and money.
Farm Machinery Bank Yojana 2025 Overview
Farming today is very hard without machines. To support farmers, this yojana was started to increase the availability of farm machinery in villages. People can open a Farm Machinery Bank in their village, where they rent out machines to farmers. The government backs this by giving a subsidy to those who open such banks.
Opening a Farm Machinery Bank can be a good way to earn money while helping farmers get the machines they need for farming. The government offers an 80% subsidy, so farmers only need to pay 20% of the cost. Subsidies range from 10 lakh to 1 crore rupees.
Main Subsidy Details
- 80% subsidy on machine cost for Farm Machinery Bank setup
- Subsidy for a single machine can be given once in 3 years
- In one year, subsidy can be claimed for up to three different machines
Farm Machinery Bank Yojana Information
| Article About | Farm Machinery Bank Yojana |
| Launched By | Central Government |
| Beneficiaries | Farmers of India |
| Purpose | Provide machinery on rent to farmers for farming |
| Official Website | https://agrimachinery.nic.in/ |
| Year | 2025 |
Purpose of Farm Machinery Bank Yojana
This scheme aims to give farmers easier access to farming equipment by renting machines through Farm Machinery Banks. Anyone can open such a bank, creating a good source of income and helping farmers save money and time. This helps improve farmers’ economic conditions and makes farming work faster.
Features and Benefits of Farm Machinery Bank Yojana 2025
- Farmers get machines on rent for farming needs.
- Government gives 80% subsidy to set up Farm Machinery Banks.
- Farmers pay only 20% of the cost for machines.
- Subsidy amount ranges between 10 lakh and 1 crore rupees.
- Helps save farmers’ time and money with easy access to machines.
- Custom Hiring Centres (CHCs) will be set up to run the scheme.
- Subsidy on any one machine is given only once in 3 years.
- Farmers may claim subsidies for up to three different machines in a year.
- Registration and application are possible via smartphone app and official website.
- The scheme was first started in Rajasthan.
- Priority is given to Scheduled Castes, Scheduled Tribes, women, BPL cardholders, and small farmers.
Eligibility Criteria for Farm Machinery Bank Yojana
- Applicant must be a permanent resident of India.
- Applicant must be at least 18 years old.
- Must have Aadhaar Card, Ration Card, Passport size photo, Machinery bill copy, Bhamashah Card, Bank passbook, Residence and age proof, and Caste certificate.
Farm Machinery Bank Yojana Statistics
| Registered Manufacturer / Dealer | 3672 / 33183 |
| Subsidy Approved for Single Implement | Rs 6,98,25,99,174 |
| Farmer / Entrepreneur Society / SHG / FPO | 801603 |
| CHC Project Applications | 7724 |
| Single Implement Applications | 488470 |
| Total Subsidy Approved | Rs 47,40,84,355 |
How to Apply for Farm Machinery Bank Yojana
- Go to the official Direct Benefit Transfer in Agriculture Mechanization website: https://agrimachinery.nic.in/
- On the homepage, click the ‘Registration’ tab.
- Choose from four categories: Farmer, Manufacturer, Entrepreneur, or Society/SHG/FPO.
- Click your relevant category to open the registration form.
- Fill in all required details like name, GST number, address, mobile number, etc.
- Upload all important documents as asked.
- Submit the form.
- Keep the reference number shown on your screen safe for future use.
How to Track Your Application Status
- Go to the official website https://agrimachinery.nic.in/.
- Click the ‘Tracking’ tab on the homepage.
- Click the ‘Track Your Application’ link.
- Enter your application number to see the status on your screen.
How to Track Machine Implement Status
- Visit the official website.
- Select the ‘Tracking’ tab.
- Click the ‘Track Implement’ link.
- Enter engine number and chassis number of the machine.
- Click ‘Search Implement’ to check status.
How to Calculate Subsidy
- Visit the official website.
- Click the ‘Subsidy Calculator’ link on the homepage.
- Fill details like State/UT, gender, farmer type, dealer sale price, scheme, farmer category, and implement type.
- Click ‘Show’ to view the subsidy amount.
How to Find Manufacturer/Dealer Details
- Go to the official website.
- Click the ‘Citizen Corner’ tab.
- Select the ‘No Manufacturer/Dealer Detail’ link.
- Enter implement name, state, and district, then click ‘Search.’
- Manufacturer and dealer information will appear on the screen.
How to Sign In
- Visit the official website.
- Click the ‘Sign In’ link on the homepage.
- Select your category.
- Enter login ID, password, and captcha code.
- Click ‘Sign In’ to access your account.
How to Download CHC Farm Machinery App
- Open Google Play Store on your phone.
- Search for ‘CHC Farm Machinery’ in the search box.
- Select the top result from the list.
- Click ‘Install’ to download and install the app.
Contact Information
- Visit the official website and find the ‘Contact Us’ option on the homepage.
- Click it to see detailed contact information.
Helpline Email
If you have any questions or problems with the Farm Machinery Bank Yojana, you can send an email to support-agrimech@gov.in for help.