In a significant move aimed at bolstering agricultural infrastructure and enhancing farmers’ capabilities, Punjab Chief Minister Maryam Nawaz has approved the Punjab Green Tractor Scheme 2024. This scheme, endorsed during a high-level meeting chaired by Maryam Nawaz and presided over by PML-N President Nawaz Sharif, signifies a concerted effort by the government to support the agricultural sector.
The Punjab Green Tractor Scheme 2024 encompasses various initiatives geared towards providing substantial benefits to farmers across the province. One of the key aspects of the scheme is the establishment of the Punjab Farmers Bank, which will facilitate easy access to loans for farmers, thereby easing financial burdens and promoting agricultural growth.
During the meeting, discussions also revolved around the provision of subsidies for tractors. While there was a proposal to offer a subsidy of Rs. 600,000 on tractors, Chief Minister Maryam Nawaz directed a more targeted approach. Under her directives, a 70% subsidy will be provided on small tractors, while large tractors will receive a 50% subsidy. This strategic allocation of subsidies aims to optimize the benefits for farmers across different scales of operations.
Moreover, the government has set ambitious targets for the distribution of tractors under this scheme. The number of tractors to be distributed has increased to 10,000, reflecting the government’s commitment to enhancing agricultural mechanization and efficiency. The Chief Minister has also mandated the completion of the first phase of the tractor scheme within a year, ensuring swift implementation and delivery of benefits to farmers.
Eligibility criteria for the Punjab Green Tractor Scheme designed to include a wide range of farmers. Those owning land between 6 to 50 acres are eligible to apply, ensuring that small and medium-scale farmers can also avail themselves of the scheme’s benefits.
As for the application process for subsidized tractors, detailed information yet to shared by the government. Farmers keen on leveraging the subsidies provided under this scheme advised to stay updated with official announcements regarding the application procedures.
The Punjab Green Tractor Scheme 2024 represents a significant step towards modernizing agriculture in the province, empowering farmers with access to advanced equipment and financial support. It poised to play a pivotal role in enhancing productivity, sustainability, and prosperity in Punjab’s agricultural landscape.
