Punjab Green Tractor Scheme
Punjab Chief Minister Maryam Nawaz Sharif has launched the Punjab Green Tractor Scheme 2024 to provide substantial support to farmers. This scheme allows farmers to acquire tractors on easy, interest-free installments, offering much-needed relief across Punjab.
In a recent meeting led by Chief Minister Maryam Nawaz Sharif and PML-N President Mian Muhammad Nawaz Sharif, the scheme received official approval. They also reviewed the Kisan package and sanctioned additional projects, including the establishment of a special Kisan Bank to provide easy loans to farmers.
Subsidy on Tractors In the first phase of the scheme,
the Punjab government plans to distribute 10,000 tractors. During the meeting, it was decided that the government would offer a 70% subsidy on small tractors and a 50% subsidy on large tractors. Chief Minister Maryam Nawaz Sharif emphasized that this phase should be completed within a year, with the number of tractors increasing annually.
Number of Tractors to Distributed Under New Scheme As mentioned earlier, the Punjab government aims to distribute 10000 tractors in the initial phase. The Chief Minister confirmed the target to provide these tractors within the first year, with plans to increase the number each year.
Eligibility Criteria for Punjab Green Tractor Scheme
To ensure the scheme benefits the right farmers, the Punjab government has set specific eligibility criteria:
- Farmers must be from Punjab.
- Farmers must have a Pakistani identity card.
- Farmers must own land ranging from 6 to 50 acres.
- Farmers must not owe any debt to any bank.
- Farmers must be permanent residents of Pakistan.
How to Apply for the Tractor Scheme in Punjab
The Punjab government has yet to share detailed information about the application process for the Green Tractor Scheme. However, if we look at previous records, applications for similar schemes were collected through the Bank of Punjab. It’s possible that this time, too, applications will be processed through the same bank. We will share complete details as soon as the government releases them.
For More Information: Green Tractor Scheme for Eligible Farmers
Conclusion
The Punjab government’s initiative to provide maximum relief to farmers is highly commendable. This article aims to inform you about the latest updates regarding the Punjab Green Tractor Scheme. We have outlined which farmers can benefit from this scheme, along with eligibility criteria and other important details. If you have any questions or need more information about the scheme, feel free to ask in the comments section.
FAQs
What is the CM Punjab Green Tractor Scheme?
The CM Punjab Green Tractor Scheme is an initiative by the Punjab government to provide subsidized tractors to farmers, aiming to support their agricultural activities and increase productivity.
Who is eligible for the scheme?
Farmers who own between 6 to 50 acres of land are eligible to apply for this scheme.
What subsidies have offered under this scheme? The scheme provides a 70% subsidy on small tractors and a 50% subsidy on large tractors.
How many tractors will distributed under this scheme?
A total of 10,000 tractors will distributed under the Punjab Green Tractor Scheme 2024.
What other initiatives have approved to support farmers?
Besides the tractor scheme, the government has approved the creation of a Kisan Bank to offer accessible loans to farmers.