The central government has allocated 23.645 billion yuan in subsidies for the purchase of agricultural machinery this year.
The Ministry of Finance announced on the 30th that the central government has allocated 23.645 billion yuan in subsidies for the purchase of agricultural machinery to individuals and agricultural production and operation organizations directly engaged in agricultural production for the purchase and use of advanced and applicable agricultural machinery.
It is understood that this fund will focus on supporting machines and tools needed for key links in the production of major crops, such as grain, cotton, oil and sugar, as well as machines and tools for the development of animal husbandry, fishery, facility agriculture, forest and fruit industry, and primary processing of agricultural products.
By 2015, the central government had allocated a total of 143.507 billion yuan to support subsidies for the purchase of agricultural machinery.
The person in charge of the Agriculture Department of the Ministry of Finance stressed that in the next step, the central government will continue to adjust the expenditure structure, improve the subsidy policy, and continue to support the subsidy work for the purchase of agricultural machinery.
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