The Punjab Government has announced a major relief package for eligible farmers, offering 10,000 Green Tractors with significant subsidies. Approved by Chief Minister Maryam Nawaz, this program aims to boost farmers’ productivity through low-interest loans.
In the first phase, 10,000 tractors will be distributed with a 70% subsidy for small tractors and a 50% subsidy for large tractors. This phase will be completed within a year, with plans to provide more tractors each year afterward. The scheme was approved during a meeting led by Nawaz and attended by PML-N President Nawaz Sharif.
Establishment of Kisan Bank June 2024
The Punjab Government is starting the Kisan Bank along with the Green Tractor Scheme to give farmers the important support they need. This initiative shows the government’s dedication to improving agriculture and offering strong support to farmers in Punjab.
Punjab Kisan Bank:
- Purpose: Established by the Pakistani Government to support farmers.
- Affordable Loans: Offers farmers affordable loans through a unique platform.
- Leadership: Led by Chief Minister Maryam Nawaz.
- Services: Provides various agricultural services and inputs through the Kisan Card.
Top Priorities:
- Increase agricultural output.
- Ensure the prosperity of all farmers.
Green Tractor Scheme Eligibility Criteria
The Pakistani government has set specific requirements for the first phase of the Green Tractor Scheme. To qualify, you must be a Pakistani citizen with land ranging from six to fifty acres. You also need a Nadra-verified CNIC, no pending bank debts, and residency in Punjab.
The Punjab government is working to provide more details about how farmers can apply for the scheme, and they encourage farmers to stay informed about any updates.
Green Tractor Scheme 2024 Overview:
- Approved By: Maryam Nawaz Sharif and Mian Muhammad Nawaz Sharif
- Number of Tractors in First Phase: 10,000
- Subsidy on Small Tractors: 70%
- Subsidy on Big Tractors: 50%
- First Phase Completion: Within one year
- Eligibility Criteria: Farmers with land from six to fifty acres in 2024
- Registration: Details to be announced
Final Words
The Punjab Government’s Green Tractor Scheme and Kisan Bank are important efforts to enhance agriculture. The scheme offers big subsidies on tractors and low-interest loans through the Kisan Bank, aiming to increase farmers’ productivity and financial stability. Chief Minister Maryam Nawaz has approved these measures to support farmers of all scales.
FAQs:
What is the Green Tractor Scheme 2024?
The Green Tractor Scheme 2024 is an initiative by the Punjab Government to offer 10,000 tractors to eligible farmers with significant subsidies.
Who approved the scheme?
The scheme was approved by Chief Minister Maryam Nawaz Sharif, with support from PML-N President Nawaz Sharif.
