The two are part of the overarching strategy of making farmers powerful and bringing in economic reforms in the agriculture sector for which the Green Tractor Scheme and the Kisan Bank which are being established are pivotal schemes. Let’s discuss the Punjab Green Tractor Scheme 2024 | Kisan Bank | Eligibility, Registration & More!!!
Maryam Nawaz Give Approval of Green Tractor Scheme [2024 Update]
Chief Minister Maryam Nawaz has recently launched Punjab kisan bank and Green tractor scheme for the convenience of the farmers to provide soft loans to increase their agri production. Maryam Nawaz and PML-N President Nawaz Sharif chaired a meeting in which a complete briefing on the Kissan Package was given.
10,000 Green Tractors on Subsidy Approved
The Punjab government will distribute 10000 tractors in the first phase of the scheme. Rs. 6 lakh subsidy on a tractor, the government gave 70 percent on mini tractors and 50 percent on big tractors. The initial phase will be completed in a year on the instructions of the Chief Minister Ms Maryam Nawaz Sharif. After which a larger number of tractors would be given every year.
Kisan Bank set up by Punjab Government
For the first time, Punjab government has taken an unprecedented decision of opening the Punjab Kisan Bank for giving cheap loan to the farmers. This is a step towards providing financial help to farmers, for the first time in the history of Punjab, farmers’ package worth 400 billion rupees, was introduced.
Green Tractor Scheme 2024 Eligibility Criteria
The eligibility to qualify for the first phase of the Green Tractor Scheme are as follows:-
- Pakistani citizenship
- Land size from six acres to fifty acres ownership.
- Valid CNIC verified by Nadra
- No outstanding bank debt
- Residency in Punjab
- CM Green Tractor Scheme 2024 registration
The Punjab government has not announced any details of application procedure for the scheme. Other farmers are encouraged to watch for details.
Conclusion
To strengthen the agriculture sector, it is a major step forward by the Punjab Government to introduce the Green Tractor Scheme and set up the Kisan Bank. The government worked to bring farmers under the scope of the formal economy by offering tractors on substantial subsidies and providing them soft loans through the Kisan Bank to improve the farmers’ productivity and economic conditions. It is an endeavor by CM Maryam Nawaz to show case that the priority of the Provincial government. That lies in supporting the farmers of the province as well to ensure the prosperity of the Province.
FAQs
First phase of tractor distribution by Punjab govt : Number of tractors
Directly benefiting one lakh farmers, 10,000 tractors will be distributed in the first phase of the scheme
What are the subsidy given at green tractors?
For small tractor90% subsidy and for big tractor 70% shout by government
Eligibility Criteria for Green Tractor Scheme
The application to claim counts for the first Phase of the EMSP has kept some key conditions for the farmers including minimum landholding of (6 acres to 50acres), Pakistani Citizenship, Valid CNIC, no loan default with any Bank and domicile of Punjab.
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