Sarkari Yojana
Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH)
About Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH)
Launched in 2023 under the Farm Mechanization Umbrella Scheme to set up Farm Machinery Banks (FMB), the “Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH)” scheme continues into 2024-25. It aims to generate jobs for rural youth/entrepreneurs by helping them set up Hubs, with particular focus on areas where farm power availability is low. > Objective of the scheme:
- Creating self-employment for rural youth and other entrepreneurs.
- Enabling end-to-end use of farm machinery (from land development through residue management) that small and marginal farmers can access at affordable charges.
- Countering the high expense of owning farm machinery on small landholdings.
- Encouraging primary processing units such as dal mills, oil mills, grinding machinery etc. & setting up seed processing units.
- Raising farm power availability from the current 2.30 KW/ha to 2.50 KW/ha, in line with the Government of India’s vision.
Area of Operation: The scheme applies uniformly across the whole State, excluding Kolkata district.
Choice of Machinery:
- The machinery/implements eligible for FMB/FMH are listed in Annexure-IV-A of the 2024-25 operational guidelines (Page No. 41). Before online applications open, the SPMT will publish the models of various farm machines registered on the Matirkatha portal along with indicative prices, so applicants can pick more than one machine/implement from the list for their FMB/FMH. For primary processing units such as dal mills, oil mills, grinding machinery etc. and seed processing units, applicants may choose a single machine from Annexure-IV-A with a minimum project cost of ₹10,00,000/- to set up the FMB/FMH.
The list is only indicative, not exhaustive; suitable farm machinery not on it may be added to the project in line with the latest SMAM guideline to suit local conditions, with SPMT approval.
For any machinery not on the list, the subsidy share will be worked out using the latest SMAM guidelines, with SPMT approval. - To claim AIF benefits for AMC, Insurance and the cost of a shed for the FMB/FMH, proper supporting papers (an estimate vetted by the competent authority, quotation, invoice) must be submitted with the project.
Scheme Overview
State Government
Individual
01 Jan 2024
Scheme Details
Eligibility Requirements
To qualify for Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH), applicants must satisfy the following conditions:
An Individual Rural Youth Entrepreneur registered under the…
An Individual Rural Youth Entrepreneur registered under the Krishak Bandhu (New) Scheme. Or, Groups such as SKUS/PACS/FPO/FPC/FIG/SHG (duly graded)/LAMPS etc. approved or recognised by any Govt Institution/Department.
Only groups that have been running successfully for…
Only groups that have been running successfully for at least the last 1(one)year may set up an FMB/FMH in a chosen village
The project cost/Total Financial Outlay (TFO) must be…
The project cost/Total Financial Outlay (TFO) must be at least ₹10,00,000/-.
The applicant must possess enough land (own, leased…
The applicant must possess enough land (own, leased or hired) to establish the FMB/FMH.
The land must fall in the “commercial or…
The land must fall in the “commercial or bastu or viti” category.
The beneficiary must be at least 18 years…
The beneficiary must be at least 18 years old on the date of application.
Benefits Provided
Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH) provides the following benefits to eligible applicants:
Pattern Of Assistance:
A subsidy of 80% of the Total Financial…
A subsidy of 80% of the Total Financial Outlay (TFO) is given, up to a maximum of Rs 8.00 lakh, with the TFO required to be at least ₹10,00,000/-. The TFO covers the indicative machinery cost + shed cost + AMC + insurance, and the beneficiary bears the balance.
The open shed for machinery may cost no…
The open shed for machinery may cost no more than 5% of the TFO, and total ancillary costs (other than machinery) must stay within 10% of TFO. Note:
Before the DDA (Admn.) releases the subsidy to…
Before the DDA (Admn.) releases the subsidy to the Bank, the applicant must deposit margin money of at least 25% of TFO with the financing bank; the rest is covered by a bank loan.
The Government does not buy any machine/equipment itself
The Government does not buy any machine/equipment itself. It only releases a back ended subsidy against machinery the beneficiaries buy of their own choice under CHC with a Bank Loan, paid via DBT to the relevant bank branch into the subsidy reserve fund/loan account for CHC.
Subsidy is admissible only on farm machinery/equipment bought…
Subsidy is admissible only on farm machinery/equipment bought from approved Farm machinery Manufacturers and Dealers listed on the Departmental portal.
A beneficiary or his/her spouse may not apply…
A beneficiary or his/her spouse may not apply again until 4(four) years have passed since the last CHC subsidy was released by the State under these Guidelines.
Documents Required
Applicants should keep the following documents ready before starting the application:
The Proforma Application Form, fully and correctly completed,
The Proforma Application Form, fully and correctly completed,
Proof of Citizenship in the form of an…
Proof of Citizenship in the form of an EPIC card,
The Krishak Bandhu ID No (Visit here to…
The Krishak Bandhu ID No (Visit here to Check your Krishak Bandhu ID),
A photocopy of the AADHAAR card,
A photocopy of the AADHAAR card,
The applicant's PAN Card,
The applicant's PAN Card,
Evidence of financial solvency (for example, a self-authenticated…
Evidence of financial solvency (for example, a self-authenticated bank statement covering the last six months),
The land's Title Deed/ROR (Records of Right) /Lease…
The land's Title Deed/ROR (Records of Right) /Lease Certificate/Rent Receipt,
A detailed project report for AIF (where relevant),
A detailed project report for AIF (where relevant),
Quotations for the machinery,
Quotations for the machinery,
A vetted plan & estimate for any shed…
A vetted plan & estimate for any shed of the FMB/FMH, etc.,
The organisation's resolution authorising the signatory of the…
The organisation's resolution authorising the signatory of the application.
2024-01-01
How to Apply
Online Application
Applicants can apply for Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH) through the online application process outlined below.
Registration Process:
Open the FMS registration portal and select “New…
Open the FMS registration portal and select “New Registration”.
Complete every mandatory field of the “Applicant Registration”…
Complete every mandatory field of the “Applicant Registration” form.
Check the details and press “Sign Up”
Check the details and press “Sign Up”. Application Process:
Open the FMS portal and select “Log in”
Open the FMS portal and select “Log in”
Type in the Voter Card no and Password,…
Type in the Voter Card no and Password, choose the Season, and press “Log In”.
Fill in all mandatory fields of the application…
Fill in all mandatory fields of the application form.
Once the online application is submitted, printed hard…
Once the online application is submitted, printed hard copies of it with the acknowledgement receipt, a recent passport size photograph and other prescribed documents (self-attested where needed) must be delivered to the office of the Deputy Director of Agriculture of the district concerned within the set time.
After online submission, but before the hard copy…
After online submission, but before the hard copy reaches the office of the Deputy Director of Agriculture of the district concerned, the applicant may edit a specified field once. Editing is not allowed after the hard copy has been submitted.
Quote the serial number generated by the online…
Quote the serial number generated by the online application in all correspondence. Helpline Desk: 8336957298 (10.00 a.m. to 6.00 p.m.) Note: Beneficiary farmers/entrepreneurs must apply online on the Matirkatha/FMS portal after the scheme is advertised in leading dailies and on the Departmental website.
Exclusions / Who Is Not Eligible
- The individual applicant or his/her spouse who have not availed any benefit under FSSM/OTA-SFI /FMB/CHC will be eligible for FMB/FMH.
- An employee/retired employee of State Government, Statutory Bodies, Government Undertakings, Panchayats, Municipal Corporations/Municipalities,Local Bodies, Government Aided Educational Institutions etc. is not eligible.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.