11/10/2022 - Agriculture

KEY POINTS

·        India’s agri sector has been on account of several positive factors related to the rural economy, including progressive policies towards agriculture, also leading to growth of the domestic tractor industry.

·        Farm mechanisation in India may have made strong strides in recent years, with India as the largest tractor market in the world.

·        It has had a significantly positive impact on the use of machinery on farmlands in India including output value, income and return rate of all types of crops.

·        Creating self-reliance in farm machinery manufacturing is a critical step towards ensuring mechanisation of India’s farmlands and India needs a range of farm products and implements to increase productivity on its farmlands.

·        The use of modern machinery is currently being promoted both by the private and public sectors, with several initiatives being taken by the government.

·        They are Sub-Mission on Agricultural Mechanisation (SMAM) under National Mission on Agricultural Extension and Technology, Rastriya Krishi Vikas Yojana (RKVY) and Mission for Integrated Development of Horticulture (MIDH).

·        These schemes provide equal amount of subsidy to all products and thus do not incentivise businesses who have invested in India, to design and develop these products.

·        In conclusion, the Indian tractor industry has been at the forefront of efforts to achieve self-reliance in mechanisation. 

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