Credit Linked Subsidy Scheme for Rural Entrepreneurs to set up Custom Hiring Centres (CHC) of Farm Machinery

What is Credit Linked Subsidy Scheme for Rural Entrepreneurs to set up Custom Hiring Centres (CHC) of Farm Machinery?

“Credit Linked Subsidy Scheme for Rural Entrepreneurs to set up Custom Hiring Centres (CHC) of Farm Machinery” by the Agriculture Dep, Government of West Bengal aims to provide opportunity to rural entrepreneurs for setting up of Custom Hiring Centres.

Benefit

> **Pattern Of Assistance:** - The maximum subsidy will be limited to 40% of the Total Financial Outlay(TFO) (TFO = indicative cost of machinery including transportation + AMC for 3 years + cost of open shed + insurance for 1 year). - Minimum TFO would be ₹20,00,000/- and the maximum would be as per SMAM Guideline and SPMT recommendation. An individual entrepreneur shall avail subsidy amounting ₹16,00,000/- or 40% of the TFO whichever is less to set up CHC. - The maximum amount allowed for the cost of open shed for machinery will be limited to 5% of the TFO and total ancillary cost (other than machinery) should not exceed 10% of TFO. - An individual entrepreneur shall avail subsidy amounting ₹16,00,000/- or 40% of the TFO whichever is less. **Note:** - The applicant will have to deposit margin money of a minimum amount of 25% of TFO to the financing bank before release of subsidy by the DDA (Admn.) to the Bank and remaining amount will be bank loan. - No machine/equipment will be procured by the Government. The Government will only release subsidy as back ended subsidy against procurement by the beneficiaries as per their choice under CHC with Bank Loan. The subsidy will be released through DBT mode to the concerned bank branch to subsidy reserve fund/loan account for CHC. - The subsidy will only be applicable for purchase of farm machinery/equipment from the approved Farm machinery Manufacturers and Dealers as enlisted in the Departmental portal. - A beneficiary or his/her s

Level

State — West Bengal

Ministry / Dept.

Agriculture Department

Benefit type

cash

Key eligibility

- Individual farmers registered under Krishak Bandhu (New) Scheme. Or, Groups like SKUS/PACS/FPO/FPC/FIG/SHG duly graded /LAMPS etc. approved/recognized by any Govt. Institutions/Departments are eligible to set up CHC. - The project cost/Total Financial Outlay (TFO) should be between minimum ₹20,00,

Last verified

Recently

Benefits

> **Pattern Of Assistance:** - The maximum subsidy will be limited to 40% of the Total Financial Outlay(TFO) (TFO = indicative cost of machinery including transportation + AMC for 3 years + cost of open shed + insurance for 1 year). - Minimum TFO would be ₹20,00,000/- and the maximum would be as per SMAM Guideline and SPMT recommendation. An individual entrepreneur shall avail subsidy amounting ₹16,00,000/- or 40% of the TFO whichever is less to set up CHC. - The maximum amount allowed for the cost of open shed for machinery will be limited to 5% of the TFO and total ancillary cost (other than machinery) should not exceed 10% of TFO. - An individual entrepreneur shall avail subsidy amounting ₹16,00,000/- or 40% of the TFO whichever is less. **Note:** - The applicant will have to deposit margin money of a minimum amount of 25% of TFO to the financing bank before release of subsidy by the DDA (Admn.) to the Bank and remaining amount will be bank loan. - No machine/equipment will be procured by the Government. The Government will only release subsidy as back ended subsidy against procurement by the beneficiaries as per their choice under CHC with Bank Loan. The subsidy will be released through DBT mode to the concerned bank branch to subsidy reserve fund/loan account for CHC. - The subsidy will only be applicable for purchase of farm machinery/equipment from the approved Farm machinery Manufacturers and Dealers as enlisted in the Departmental portal. - A beneficiary or his/her s

Eligibility

Documents Required

How to Apply

1. Step 1: Online application — step 1

   Registration Process: Step 01: Visit the official FMS portal and click on “New Registration”. Step 02: Fill in all the mandatory details in “Applicant Registration” form. Step 03: Verify all the details and click on “Sign Up”. Application Process: Step 01: Visit the official FMS portal and click on “Log in”. Step 02: Enter Voter Card no, Password and select Season then click on “Log In”. Step 03: Fill in all the mandatory details in the application form. Step 04: After successful submission of online application, hard copies of print out of the application with acknowledgement receipt, recent passport size photograph and other prescribed documents (self-attest, if required) will have to be submitted to the office of the Deputy Director of Agriculture of the concerned District within the stipulated period. Step 05: The applicant will get one time edit option in the specified field after submission of application through online mode but before submission of hard copy to the office of the Deputy Director of Agriculture of the concerned District. No edit option will be allowed once hard copy is submitted. Step 06: The serial number generated in the online application to be referred in all cases. Helpline Desk: 8336957298 (10.00 am to 6.00 pm) Note: Online application of beneficiary farmers/entrepreneurs will have to be done in Matirkatha/ FMS portal after due advertisement in leading dailies, Departmental website.

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.