Number of tractors to be distributed under a new scheme
The Punjab Green Tractor Scheme 2024, spearheaded by Punjab Chief Minister Maryam Nawaz Sharif, aims to provide substantial support to farmers across Punjab by enabling them to obtain tractors on easy, interest-free installments. This scheme, part of a broader Kisan Package, was approved in a recent meeting chaired by Maryam Nawaz Sharif and PML-N President Mian Muhammad Nawaz Sharif.
Subsidy on Tractors
Key Details
In the initial phase of the scheme, the Punjab government plans to distribute 10,000 tractors, providing significant financial relief to farmers. The subsidy structure is as follows:
- 70% Subsidy on Small Tractors: To make these tractors affordable for small-scale farmers.
- 50% Subsidy on Large Tractors: To support medium to large-scale farming operations.
Punjab Chief Minister Maryam Nawaz Sharif has directed that the first phase be completed within one year, with an annual increase in the number of tractors distributed.
Number of Tractors to Be Distributed Under New Scheme
The first phase will see the distribution of 10,000 tractors. This number is set to increase annually, providing continuous support to the farming community.
Who Can Benefit from the Punjab Green Tractor Scheme?
The Punjab Green Tractor Scheme is designed to assist farmers by offering tractors at subsidized rates. However, eligibility criteria must be met to apply for the scheme:
- Resident of Punjab: Applicants must be residents of Punjab.
- Pakistani Identity Card: Farmers must possess a valid Pakistani identity card.
- Land Ownership: Applicants should own between 6 and 50 acres of land.
- No Bank Debt: Applicants should not have any outstanding loans from banks.
- Permanent Resident: Applicants must be permanent residents of Pakistan.
How to Register for the Punjab Green Tractor Scheme
Currently, the Punjab government has not released specific details on the application process for the Punjab Green Tractor Scheme. Updates on the application process will be provided as soon as they are available.
Comprehensive Kisan Package
During the meeting where the scheme was approved, several other projects were also sanctioned to provide further assistance to farmers. These include:
- Establishment of Kisan Bank: To offer easy loans to farmers, facilitating their agricultural needs.
- Local Manufacturing of Harvesters and Equipment: Promoting the production of agricultural machinery within Punjab.
- Oilseed Promotion Program: Encouraging the production of oilseeds in various regions to diversify agricultural output.
Financial Support Through Kisan Card
A significant component of the Kisan Package is the introduction of the Kisan Card, which will provide farmers with agricultural inputs and other benefits. The initiative, valued at 400 billion rupees, aims to boost agricultural productivity and improve the economic well-being of farmers in Punjab.
Final Words
The Punjab Green Tractor Scheme 2024 is a promising initiative designed to offer substantial support to farmers. By providing tractors at highly subsidized rates and facilitating access to easy loans through the Kisan Bank, the scheme aims to enhance agricultural productivity and support the economic growth of the farming community in Punjab.
Quick Details in Table
| Aspect | Details |
|
|
|
| Approved By | Maryam Nawaz Sharif and Mian Muhammad Nawaz Sharif |
| Number of Tractors | 10,000 in the first phase |
| Subsidy on Small Tractors | 70% |
| Subsidy on Large Tractors | 50% |
| Completion of the First Phase | Within one year |
| Eligibility Criteria | Residents of Punjab, 6-50 acres of land, valid CNIC, no bank debt, permanent resident of Pakistan |
| Registration | Details to be announced soon |
The Punjab Green Tractor Scheme, along with other initiatives under the Kisan Package, reflects the Punjab government’s commitment to supporting the agricultural sector and improving the livelihoods of farmers. Stay updated for further announcements regarding the registration process and additional benefits under this scheme