Bangladesh offers substantial subsidies to farmers for agricultural machinery, such as combined harvesters and reapers, with incentives ranging from 50% to 70% for purchases. This initiative, supported by a substantial five-year fund, aims to increase agricultural mechanization, boost production, and reduce labor dependency in the sector. However, challenges persist, including farmers’ difficulty in covering their share of the machinery’s cost and the need for financing to support adoption. Key Aspects of the Subsidy Program: The government provides significant financial incentives, up to 50% for most areas and up to 70% in specific regions like the Haor region to make machinery more accessible to farmers. Targeted Machineries: The subsidy covers a variety of modern agricultural machineries & equipement, including combined harvesters, reapers, transplanters., thresher, and power tiller operated seeder etc. Aims of the Program: The program seeks to address the rising costs of agricultural labor and increase crop production and rural income by promoting the use of modern machinery. Local Manufacturing: There is a push to develop local industries to produce and repair agricultural machinery, which could help lower costs and make machines more accessible. Skilled Workforce Development: The program also includes creating posts for farm engineers to provide support and maintenance for the growing number of machines, reports Dhaka Tribune.
Agricultural Equipment List Important Agricultural Equipment in Bangladesh Bangladesh has a wide range of agricultural machinery that supports farmers...
