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The Union Minister of Agriculture and Farmers Welfare Shri Narendra Singh Tomar inaugurated the Summit on Farm Machinery Technology, organized by Confederation of Indian Industry (CII) and Tractor and Mechanization Association (TMA).An amount of Rs.6120.85 crore has been released to the states from 2014-15 to 2022-23 for various activities like training, testing, setting up of CHCs, hi-tech hubs and Farm Machinery Banks (FMBs) under the Sub-Mission on Agricultural Mechanization (SMAM). Besides 15.24 lakh farm machinery and equipment have been distributed at subsidized rates through state governments, including tractors, power tillers and automated machinery.
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The Headquarter of New Development Bank is located at :
