ICRA Tractor Sector Report – Custom Hiring Centers aid farm mechanization levels


Key points from the report

  • Farm mechanization levels remain low; Custom Hiring remains the most viable solution
  • Increase in farm mechanization levels the need of the hour to help keep pace with ever growing demand for agricultural produce
  • Individual ownership of farm machinery for mechanization of small farm size holdings remains uneconomical; creation of farm machinery banks could prove to be the game changer
  • Custom Hiring centers on the rise in several states – Table on Examples of Government Led CHC Initiatives
  • Government promoting creation of Custom Hiring centers through Financial Assistance
  • Private Players also setting up farm machinery banks

Click the below link to view the entire report: