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Study seeks more Govt sops for farm mechanisation
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Tuesday, 29 December, 2009, 08 : 00 AM [IST]
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The government should give more incentives such as low interest loans and tax sops to mechanise the agricultural sector which can boost food grain production, says a study, reports PTI. “Provision of excise duty and VAT exemption for agricultural machinery and equipment purchased by farmers cooperatives and village level panchayats would reduce the cost of such implements auguring their acceptance among the farming community,” said a Ficci-Yes Bank report.
It said farm mechanisation should be carried out on an urgent basis to increase food grain production and double agricultural growth from the current 2%. Contrary to popular belief that the benefits of farm mechanisation can be availed by only large farmers, the study said small and marginal farmers have been quite open to adopting equipment for activities like sowing and threshing.
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