Subsidy, SMAM and finance for machinery makers.
We get your machine models empanelled for SMAM and state subsidy, run the DBT paperwork your dealers and farmers need, and write bank-format TEV studies that unlock term loans and capacity-expansion finance — for India's farm-machinery manufacturers.
For a farm-machinery manufacturer, government and bank money is often the difference between a model that sells and one that sits in the yard. A subsidised tractor, power tiller, or rotavator moves; an un-empanelled one competes on full price. A capacity expansion that a bank will finance gets built; one that stalls at the risk committee does not. Both outcomes turn on paperwork most small and unorganised makers are not set up to run — testing and certification, SMAM and state-scheme empanelment, DBT claims, and bank-format viability studies.
AgriMachinery is engineer-led and works exclusively with farm machinery, so we run both ends of this. On the subsidy side, we map the testing, certification, and empanelment path for each machine model — Budni and FMTTI testing, SMAM and DBT-portal listing, state agriculture-department approvals — and run the file through to a model your dealers and farmers can actually claim against. We also build the DBT and subsidy-claim paperwork that dealers and buyers need so the money lands without rejections.
On the finance side, we write bank-format Techno-Economic Viability studies that a risk committee actually reads before sanctioning a term loan or capacity expansion. Technical assessment is honest about what your manufacturing line and machines do at Indian operating conditions. Commercial assessment uses real machinery-demand and dealer-network numbers, not syndicated report fillers. Financial exhibits include sensitivity analysis against realistic downsides — a bad monsoon, a subsidy-policy shift, a steel-price swing — not just the happy path. The same rigour carries into technical and commercial due diligence when a lender, SIDBI, NABARD-refinanced financier, or investor is backing your expansion.
Five engagement shapes.
- SMAM & state-scheme empanelment
- We get your machine models listed for subsidy — mapping the Budni / FMTTI testing and certification path, then running SMAM and DBT-portal empanelment and state agriculture-department approvals through to a model dealers and farmers can claim against.
- Subsidy & DBT paperwork
- The claim-side documentation dealers and farmers need: DBT registration, subsidy-claim files, and supporting paperwork built to each state's format so disbursals land without rejection or re-submission.
- Bank-format TEV study
- Full TEV covering technical, commercial, financial, and regulatory — written to PSU-bank, NBFC, SIDBI, and NABARD-refinance formats. Includes IRR, DSCR, DP, MPBF, sensitivity analysis, and SWOT. Delivered in 3–5 weeks for single-plant projects.
- Technical & commercial due diligence
- For term loans, capacity expansion, and investors backing a machinery maker — manufacturing-line robustness, capacity and capex review, machinery-demand and dealer-network validation, pricing defensibility, and risk assessment.
- Feasibility + investment case
- For new product lines and expansion bets: bottom-up machinery-demand sizing, capex, opex, revenue ramp, and investment-case stress tests. Often paired with our Strategic Consulting practice.
What the risk committee reads.
A TEV produced by AgriMachinery follows a consistent structure designed to lead the reader through the risk of a machinery-manufacturing proposal in the order it actually matters.
- 01Section
Technical assessment
Manufacturing process and plant-and-machinery fit for Indian operating conditions, capacity sizing, implementation plan, vendor evaluations, and regulatory review.
- 02Section
Market + commercial
Bottom-up machinery-demand sizing, competitive position, pricing defensibility, dealer-network architecture, and ramp assumptions. Primary-interview backed.
- 03Section
Financial projections
5–10 year P&L, cash flow, balance sheet, IRR, DSCR, DP, MPBF. Base / upside / downside scenarios with specific trigger assumptions.
- 04Section
Risk + mitigation
Market, technical, regulatory, environmental, and execution risks enumerated with specific mitigants and residual-risk assessment.
- 05Section
SWOT + strategic fit
Honest strengths and weaknesses, opportunities that the lender should know about, threats that may materialise within the loan tenure.
- 06Section
Recommendation
Viable / viable-with-conditions / not-viable. Where we recommend conditions, they are specific — debt structure, covenant design, phased disbursal.
Commonly bundled with
Clear answers before the call.
- A machine model has to be tested and approved at a recognised testing institute (such as the Central Farm Machinery Training and Testing Institute, Budni, or a notified Farm Machinery Training and Testing Institute), then empanelled on the SMAM / DBT portal and the relevant state agriculture-department lists before dealers and farmers can claim subsidy against it. We map the exact testing, certification, and empanelment path for each of your tractor, power tiller, rotavator, harvester, baler, seed drill, sprayer, thresher, or reaper models and run the paperwork through to listing.
- Most public-sector banks (SBI, PNB, and similar) require a TEV study for project-finance and term-loan proposals above ₹10 Crore; some lenders set the threshold lower for first-time manufacturers or unusual technology. Private banks, NBFCs, SIDBI, and NABARD-refinanced lenders frequently require a TEV for risk-committee approval on capacity-expansion and new-line proposals regardless of formal mandate.
- A bank-format TEV covers technical assessment (manufacturing process, plant and machinery, capacity, implementation plan), commercial assessment (machinery demand, competitive position, dealer network, pricing), financial assessment (projected P&L, cash flow, IRR, DSCR, DP, MPBF), regulatory review, SWOT, and risk mitigation. The financial exhibits are the heart of it — every other section exists to justify the numbers.
- A straightforward single-plant TEV runs 3–5 weeks end-to-end. Multi-unit or multi-state projects, or proposals with new product lines or unusual technology, can run 6–10 weeks. We publish a scoped timeline with the engagement proposal, and we commit to it.