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 manag...
The subsidy will be 80% of the Total Financial Outlay (TFO) subject to maximum Rs 8.00 lakh and minimum TFO will be â‚ą10,00,000/-. 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 (who can apply)
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 â‚ą10,00,000/-.
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.
How to Apply
**Online**
> **Registration Process:**
**Step 01:** Visit the official FMS [portal ](https://wbfms.matirkatha.net/applicants/sign_up)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 ](https://wbfms.matirkatha.net/applicants/sign_up)and click on “Log in”
**Step 02:** Enter Voter Card no, Password and select Season then click on “Log In”.
Frequently Asked Questions
Who is eligible for Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH) / what is the 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 onl...
What are the benefits of Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH)?
> **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 â‚ą10,00,000/-. The TFO includes indicative cost of machinery + Cost of shed +AMC + insurance. The remaining amount of the TFO will be borne...
How to apply online for Farm Machinery Bank (FMB)/Farm Machinery Hub (FMH)?
**Online**
> **Registration Process:**
**Step 01:** Visit the official FMS [portal ](https://wbfms.matirkatha.net/applicants/sign_up)and click on “New Registration”.
**Step 02:** Fill in all the mandatory details in “Applicant Registration” form.
**Step 03:** Verify all the details and c...