The financial assistance is being provided under a sub- mission, launched in 2014-15 fiscal, for promoting farm mechanisation.
"In India, horticulture mechanization is almost at an infant stage. For the growth of this sector, there is immediate need for intervention," Agriculture Ministry said in a statement.
A financial assistance up to 50 per cent of the cost of the horticulture equipment will be given to women, small and marginal farmers, scheduled caste/ scheduled tribes and farmers belonging to north east.
Judicious use of time, labour and resources helps facilitate sustainable intensification (multi-cropping) and timely planting of crops and towards giving crops more time to mature, leading to improved productivity, it added.