Sun. Jun 16th, 2024
Punjab Government Announces Green Tractor Scheme for Eligible Farmers Latest Update

Punjab Green Tractor Scheme 

Punjab Chief Minister Maryam Nawaz Sharif has approved the Punjab Green Tractor Scheme 2024 to support farmers with maximum benefits. This initiative aims to provide significant assistance to farmers across Punjab by enabling them to acquire tractors through easy installments. Notably, this scheme is completely interest-free.

The scheme’s approval came during a recent meeting led by Punjab Chief Minister Maryam Nawaz Sharif and PML-N President Mian Muhammad Nawaz Sharif. During the meeting, the leaders were briefed on the Kisan package and other projects designed to aid Punjab’s farmers, including the establishment of a special Kisan Bank to offer easy loans to farmers.

Subsidy on Punjab Tractor Scheme For Farmers

In the first phase of the Green Tractor Scheme, the Punjab government plans to distribute 10,000 tractors. The government will provide a 70% subsidy on small tractors and a 50% subsidy on big tractors. Chief Minister Maryam Nawaz Sharif directed that the first phase be completed within one year, with a plan to increase the number of tractors each year.

Distributed Producer Of Green Tractor In Punjab

As mentioned earlier, the Punjab government will distribute 10000 tractors in the first phase. The Chief Minister emphasized the goal of providing these Green Tractor Scheme within the first year, with plans to increase the number annually.

Eligibility Criteria for the Punjab Tractor Scheme

To ensure the scheme benefits the right people, the Punjab government has set certain eligibility criteria:

  • Farmers must be from Punjab.
  • Farmers must have a Pakistani identity card.
  • Farmers must own between 6 to 50 acres of land.
  • Farmers must not owe any debts to banks.
  • Farmers must be permanent residents of Pakistan.
Punjab Green Tractor Scheme 

How to Apply for the Tractor in Punjab Latest Update

Currently, the Punjab government has not provided details on how to apply for the scheme. As soon as there is any update, the complete details will be available on our website. Until then, please stay tuned.

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Conclusion

The Punjab government’s plan to provide maximum relief to farmers is highly commendable. This article aims to keep you informed about the latest updates on the Punjab Green Tractor Scheme. It outlines which farmers can benefit, the eligibility criteria, and other essential details. If you have any questions or need more information about the scheme, please ask in the comment section.