Agriculture is one of the primary occupations in India. Agriculture and allied sectors employ major share of population and therefore its modernization is the best possible way for sustainable socio-economic upliftment and also to create mass-employment opportunities. Punjab,on its journey of Green Revolution is rapidly carrying out the mechanization of farming. The Punjab government will also be setting centres for providing training to the youth associated with the farming sector and also to promote existing farm practices on scientific and modern lines.
Agricultural mechanization helps in increasing production, productivity and profitability in agriculture by achieving timeliness in farm operations, bringing precision in metering and placement of inputs, reducing available input losses, increasing utilization efficiency of costly inputs (seed, chemical, fertilizer, irrigation, water etc.), reducing unit cost of produce, enhancing profitability, and competitiveness in the cost of operation. It also helps in the conservation of the produce and by-products from qualitative and quantitative damages and enables value addition and establishment of agro-processing enterprises for additional income and employment generation from farm produce. It is one of the important inputs to usher in all-round development of the rural India.
Agricultural mechanization implies use of various implements and machines in agriculture. Intensification of mechanization is one of the most important factors for increasing agricultural activities and production as well. Productivity of farms depends greatly on the availability and judicious use of farm power. Agricultural implements and machines enable farmers to employ the power judiciously for production purposes. Agricultural machines increase productivity of land and labour by meeting timeliness in farm operations. Mechanization has the advantages of proper utilization of resources, reducing drudgery in farm operations, timely execution of various agricultural operations, and best use of the available soil moisture, switching over from animate power to mechanical and electrical power for enhanced power availability for various farm operations, reducing cost of operation, and crop diversification.
Popularity of farm equipment, such as laser leveller, paddy transplanter and harvester, among farmers of Punjab has opened a plethora of opportunities for bankers. With the increasing need for precision implements and machinery other than tractor, there is an immense potential for enhanced credit flow in the sector.
The introduction and use of other farm equipment, such as power tillers, tractor drawn implements, reapers, threshers, cleaners/graders, zero-till seed-cum-fertiliser drill, raised bed planters, and reapers have also increased significantly over the past few years, making it an attractive sector for the banks. The emerging areas that need attention include mechanisation of labour-intensive operations like paddy transplanter, cotton picking, sugarcane harvesting, introduction of crop residue management, and propagation of water conservation technologies through the use of suitable equipment.