Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH)
in West Bengal
Last updated:
Key dates and updates (West Bengal)
Nationwide and West Bengal-specific milestones. Verify on the official portal before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH) in West Bengal
Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH) is a government scheme available to eligible residents of West Bengal.
Apply for Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH) in West Bengal
Scheme Overview
“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.
Eligibility Criteria
- 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 setup FMB/FMH in a selected village
- The project cost/Total Financial Outlay (TFO) should be minimum ₹10,00,000/-.
- The applicant should have sufficient land under his possession (own land/leased/hired) for setting up the FMB/FMH.
- The land in question must belong to “commercial or bastu or viti” category.
- The age of the beneficiary should be minimum 18 years at the time of application.
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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.
Required Documents
| # | Document |
|---|---|
| 1 | Proforma Application Form, properly filled in, |
| 2 | Proof of Citizenship (EPIC), |
| 3 | Krishak Bandhu ID No (Visit here to Check your Krishak Bandhu ID), |
| 4 | Copy of AADHAAR card, |
| 5 | PAN Card, |
| 6 | Proof of financial solvency (self authenticated bank statement of last six months etc) |
| 7 | Title Deed/ROR (Records of Right) /Lease Certificate/Rent Receipt of land, |
| 8 | Detailed project report for AIF (if applicable), |
| 9 | Quotations, |
| 10 | Vetted plan & estimate for shade of FMB/FMH if any etc., |
| 11 | Resolution of the organization regarding authorization of signatory in the application. |
How to Apply in West Bengal
Step 01: Visit the official FMS portal and click on “New Registration”.
Online Step 01: Visit the official FMS portal and click on “New Registration”.
Step 02: Fill in all the mandatory details in “Applicant Registration” form.
Online Step 02: Fill in all the mandatory details in “Applicant Registration” form.
Step 03: Verify all the details and click on “Sign Up”.
Online Step 03: Verify all the details and click on “Sign Up”.
Common questions in West Bengal
Who can apply for Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH) in West Bengal?
Eligible residents of West Bengal who meet the scheme’s overall criteria can apply for Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH). Refer to the eligibility section above for the complete checklist.
What documents are required for Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH) in West Bengal?
Applicants in West Bengal typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
What are the important dates for Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH)?
Key dates are summarized in the table on this page, from 1 January 2024 through 1 January 2024, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
"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.