Punjab Chief Minister Maryam Nawaz has approved the “CM Punjab Green Tractor Scheme” to support farmers throughout the province. This initiative is part of the government’s extensive efforts to aid growers and boost agricultural productivity.
Key Highlights of the Punjab Green Tractor Scheme
- Scheme Approval: The approval was given during a meeting led by Maryam Nawaz, attended by PML-N President Nawaz Sharif.
- Eligibility: Farmers owning six to 50 acres of land can apply for the Green Tractor Scheme.
- Subsidy Details:
- 70% subsidy on small tractors
- 50% subsidy on large tractors
- Tractor Distribution: 10,000 tractors will be distributed under the scheme in 2024.
- Implementation: The first phase of the scheme is to be completed within a year.
- Additional Measures: Creation of a Kisan bank to provide accessible loans to farmers.
Also Read: Punjab Kisan Card Online Apply Procedure 2024
What is the CM Punjab Green Tractor Scheme?
The CM Punjab Green Tractor Scheme is an initiative approved by Punjab Chief Minister Maryam Nawaz to provide subsidized tractors to farmers, aimed at boosting agricultural productivity in the province.
Who is eligible for the Green Tractor Scheme?
Farmers who own six to 50 acres of land are eligible to apply for the Green Tractor Scheme.
How many tractors will be distributed under the scheme?
The government will distribute 10,000 tractors under the scheme in 2024.
Additional Measures to Support Farmers
During the meeting, several other initiatives were also approved to support farmers in Punjab, including:
- Kisan Bank: A new bank to offer accessible loans to farmers.
- Kissan Package: Comprehensive support measures for farmers.
Benefits of the Green Tractor Scheme
- Increased Productivity: Modern tractors will help farmers increase their productivity and efficiency.
- Cost Savings: Significant subsidies on tractors reduce the financial burden on farmers.
- Enhanced Support: Additional measures like the Kisan Bank ensure that farmers have access to necessary financial resources.
Conclusion
The CM Punjab Green Tractor Scheme is a significant step towards enhancing agricultural productivity and supporting farmers in Punjab. With substantial subsidies and the introduction of a Kisan bank, this initiative promises to bring considerable benefits to the farming community.