Under the scheme, run by Thane ZP, SHGs are given agricultural tools up to worth Rs 7 lakh at 90 per cent subsidy.
The scheme was started as a pilot project in June last year and was formally launched yesterday in presence of Khadse, Kalyan MP Dr Srikant Shinde, Murbad MLA Kisan Kathore and other officials.
Speaking at the function, Khadse said, "The scheme is for the benefit of farmers and has proved to be successful. It should be replicated in other districts as well."
"A provision of around Rs 2.30 crore has been made for the purpose. There is also facility where farmers can take tools on rent and return them after work. A total of 32 tool banks are operating in different talukas of Bhiwandi, Sahapur, Murbad. One tool bank covers four-five villages of a taluka," Bansode said.
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