TMI BlogAgricultural Mechanization Picks up PaceX X X X Extracts X X X X X X X X Extracts X X X X ..... Agricultural Mechanization Picks up Pace - News and Press Release Dated:- 29-1-2018 - News - Press Information Bureau Government of India Ministry of Agriculture Farmers Welfare Agricultural Mechanization Picks up Pace Consolidation of Land Holdings is Required to Reap the Benefits of Agricultural Mechanization, Says Economic Survey Indian Farmers are adapting to farm mechaniza ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion at a faster rate in comparison to recent past. This was stated in Economic Survey, 2017-18 tabled by the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley in Parliament today. The Economic Survey says that, sale of tractors to a great extent it reflects the level of mechanization. Indian tractor industries have emerged as the largest in the world and account for about one-th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ird of total global tractor production, the Survey adds. According to the World Bank estimates, half of the Indian population would be urban by the year 2050. It is estimated that percentage of agricultural workers in total work force would drop to 25.7% by 2050 from 58.2% in 2001. Thus, there is a need to enhance the level of farm mechanization in the country. Due to intensive involvement of l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... abour in different farm operations, the cost of production of many crops is quite high. Human power availability in agriculture also increased from about 0.043KW/ ha in 1960-61 to about 0.077 KW/ ha in 2014-15. However, as compared to tractor growth, increase in human power in agriculture is quite slow. Over the year, the shift has been towards the use of mechanical and electrical sources of po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wer. In 1960-61, about 93% farm power was coming from animate sources, which has reduced to about 10% in 2014-15. On the other hand, mechanical and electrical sources of power have increased from 7% to about 90% during the same period. According to the Economic Survey, there is predominance of small operational holding in Indian Agriculture. It is, therefore, needed to consolidate the land hold ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ings to reap the benefits of agricultural mechanization. There is a need to innovate custom service or a rental model by institutionalization for high cost farm machinery such as combine harvester, Sugarcane harvester, potato combine, paddy transplanter, laser guided land leveler, rotavator etc. to reduce the cost of operation and it can be adopted by private players or State or Central Organizati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on in major production hubs. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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