Agricultural Equipment Bank Scheme

Why it matters

Self-help groups and women farmer collectives can get up to 80% subsidy (up to ₹5 lakh) on a shared package of farm machinery.

What you get

The Jharkhand government is establishing Agricultural Equipment Banks to provide modern farm machinery and implements to self-help groups (SHGs), women farmer groups and registered farmer organisations on a shared/custom-hiring basis. Approved groups receive up to 80% subsidy, capped at ₹5 lakh, on an equipment package (such as tractors, tillers, threshers, seed-drills and other implements), aimed at improving farm mechanization access for smallholders who cannot individually afford machinery. The scheme followed a Rs 140 crore state government allocation announcement for agricultural equipment distribution.

Eligibility criteria

• Registered Self-Help Group (SHG), women farmer group, or farmer organisation in Jharkhand
• Group must have a functioning bank account and basic registration documents
• Equipment bank site/storage arrangement to be confirmed at the group level

How to apply

1. 1

   Group applies through the Block Agriculture Office with registration and bank account proof

2. 2

   Submit the desired equipment package list for assessment

3. 3

   On approval, equipment is procured with subsidy adjusted; group manages custom-hiring for member and non-member farmers

Documents required

• SHG/group registration certificate
• Aadhaar cards of group office bearers
• Group bank passbook
• Resolution/consent letter from group members