Last Updated on: 28th September 2024, 09:57 am
The Punjab government recently announced a major assistance initiative for eligible farmers. They will provide substantial subsidies for 10,000 green tractors: 70% for the smallest and 50% for the largest. This is the good news for all the 8171 Ehsaas Program beneficiaries.
Learn all about the CM Punjab Green Tractor Scheme and the launch of Kisan Bank, including key features and facilities provided to farmers by the Punjab government.
CM Punjab Maryam Nawaz Announced Green Tractor [Updated 2024]
Chief Minister Maryam Nawaz has launched the Punjab Kisan Bank and Green Tractor Scheme to help farmers increase their productivity through soft loans. The approval was given at a meeting chaired by Maryam Nawaz and PML-N President Nawaz Sharif, where a comprehensive briefing on the Kissan package was held.
Also Read: Ramzan Negahban Relief Package Announced By Maryam Nawaz
Subsidized Green Tractors For Farmers
The Punjab government will distribute 10,000 tractors under the initial phase of the project. Instead of a subsidy of Rs 600,000 per tractor, Maryam Nawaz announced a 70% subsidy for small tractors and a 50% subsidy for large tractors. He ordered to complete this first phase within a year and to supply a larger number of tractors every year.
Kisan Bank Established
Recently, it was decided to establish Punjab Kisan Bank, which will offer affordable loans to farmers. This is part of a unique initiative by the Pakistan government to provide financial support to farmers.
“For the first time, an agricultural scheme worth Rs 400 billion is being introduced in Punjab,” said Chief Minister Maryam Nawaz.
“Farmers will get agricultural inputs and other benefits through the Kisan card. Increasing agricultural productivity and ensuring welfare of all farmers are among our main objectives.”
Also Read: Complete Guide: Apply Online for the Punjab Zewar-e-Taleem Program June 2024
Check Eligibility for Green Tractor Scheme 2024
To ensure that social assistance reaches those who need it most, the government has set specific criteria and requirements for the Green Tractor Scheme:
- You must be a citizen of Pakistan.
- Farmers with land area between six and fifty hectares are eligible to apply.
- You must have a Nadra Verified CNIC.
- You must not have any outstanding bank debt.
- Must be a resident of Punjab.
Online Registration for Punjab Green Tractor Scheme
Detailed information about the program’s application process is currently not available. The public will be informed once the Punjab government releases further details. Interested farmers should stay tuned for updates.
Some Brief Overview of 10000 Tractors Distribution Scheme
A quick overview for those interested in the Punjab government 10000 tractors distribution scheme:
| Important Points | Related Details |
|---|---|
| Name of the Scheme | Green Tractor Scheme 2024 |
| Approved by | Maryam Nawaz Sharif and Mian Muhammad Nawaz Sharif |
| Number of Tractors | 10,000 in the first phase |
| Small Tractor Subsidy | 70% |
| Large Tractor Subsidy | 50% |
| Completion of First Phase | Within a year |
| Land Requirement | Farmers owning between six and fifty hectares |
| Enrollment | To be announced soon |
Also Read: PM Calls For Early Completion Of CPEC Projects On Schedule
Final Words
The Punjab government’s Green Tractor Scheme and the establishment of Kisan Bank are important steps to support the agricultural sector. Through heavy subsidies on tractors and soft loans, the government is trying to improve farmers’ productivity and economic stability.
This initiative, supported by Chief Minister Maryam Nawaz, underlines the commitment to help small and large farmers, thereby contributing to the welfare of the farming community in Punjab. For more details, visit the website.
FAQs About Punjab Green Tractor Scheme
Q.1 How many tractors will be distributed in the first phase?
The Punjab government will initially distribute 10,000 tractors.
Q.2 What is the subsidy available for green tractors?
A subsidy of 70% will be provided for small tractors and a subsidy of 50% for large tractors.
Q.3 What are the eligibility criteria set up by the Punjab Government?
Farmers owning between six and fifty hectares of land and who are Pakistani citizens, hold a Nadra verified CNIC, have no outstanding bank debt, and are residents of Punjab are eligible for the scheme.
Muhammad Siddique Ali Ansari is a distinguished authority in the field of social welfare and poverty alleviation, specializing in Pakistan’s Ehsaas program and the Benazir Income Support Program (BISP). With a wealth of experience spanning over 5 years, Muhammad Siddique Ali Ansari’s work combines rigorous research with practical implementation, providing invaluable insights into effective poverty reduction strategies. A sought-after speaker and trusted advisor to policymakers, she is dedicated to creating a more equitable society. Follow her on LinkedIn and Twitter for the latest updates on her impactful contributions to social welfare.
