Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH)

What is Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH)?

“Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH)” by the Agriculture Department, Government of West Bengal aims to facilitate end-to-end (from land development to residue management) use of farm machinery which can be within the reach of the small and marginal farmers at reasonable charges.

Benefit

> **Pattern Of Assistance:** - The subsidy will be 80% of the Total Financial Outlay (TFO) subject to maximum Rs 8.00 lakh and minimum TFO will be ₹10,00,000/-. The TFO includes indicative cost of machinery + Cost of shed +AMC + insurance. The remaining amount of the TFO will be borne by the beneficiary. - The maximum amount allowed for 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. > **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 spouse will not be eligible to apply afresh before completion of 4(four) years from release of the last subsidy for CHC scheme from the State under this Guidelines.

Level

State — West Bengal

Ministry / Dept.

Agriculture Department

Benefit type

cash

Key eligibility

- Individual Rural Youth Entrepreneur registered under Krishak Bandhu (New) Scheme. Or, Groups like SKUS/PACS/FPO/FPC/FIG/SHG duly graded /LAMPS etc approved/recognized by any Govt Institution/Departments . - The Group should be successfully running at least for last 1(one)year are only eligible to

Last verified

Recently

Benefits

> **Pattern Of Assistance:** - The subsidy will be 80% of the Total Financial Outlay (TFO) subject to maximum Rs 8.00 lakh and minimum TFO will be ₹10,00,000/-. The TFO includes indicative cost of machinery + Cost of shed +AMC + insurance. The remaining amount of the TFO will be borne by the beneficiary. - The maximum amount allowed for 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. > **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 spouse will not be eligible to apply afresh before completion of 4(four) years from release of the last subsidy for CHC scheme from the State under this Guidelines.

Eligibility

Documents Required

How to Apply

1. Step 1: Online application — step 1

   Registration Process:

2. Step 2: Online application — step 2

   Step 01: Visit the official FMS portal and click on “New Registration”.

3. Step 3: Online application — step 3

   Step 02: Fill in all the mandatory details in “Applicant Registration” form.

4. Step 4: Online application — step 4

   Step 03: Verify all the details and click on “Sign Up”.

5. Step 5: Online application — step 6

   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 a.m. to 6.00 p.m.) 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.