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Get Rs 3 Lakh Subsidy on Tractor Purchase with PM Kisan Tractor Yojana 2023! Know How

Farming in this modern era is witnessing massive modernization in the agriculture sector day by day. In this regard, the government is encouraging Agricultural Mechanization and is doing every effort to increase farm productivity. For this govt Has allotted 56 crore rupees under PM Kisan Tractor Yojana 2023.

Yash Saxena
Rs 3 Lakh Subsidy on Tractor Purchase with PM Kisan Tractor Yojana 2023
Rs 3 Lakh Subsidy on Tractor Purchase with PM Kisan Tractor Yojana 2023

The PM Kisan Tractor Scheme 2023 is a government effort that aims to provide financial support to Indian farmers in order for them to purchase tractors. Eligible farmers will receive a subsidy of up to 20% of the tractor's cost, or a maximum of Rs. 50,000, whichever is less. 

The scheme is part of the government's attempts to boost agricultural productivity and enhance farmers' livelihoods across the country. Farmers' production and efficiency can be increased by providing access to modern farming equipment such as tractors, thus enhancing their income and quality of life.

The Department of Agriculture implements many Central and State-supported initiatives, as well as internationally sponsored projects. After finalizing the annual action plan of the centrally supported initiatives, the government receives the funds in one or two installments per year. In addition, state-sponsored initiatives are funded in stages. Although the agriculture industry is seasonal, with approximately 75% of the land planted during the Kharif and Rabi seasons. As a result, the Kharif season is critical for the state's economy and farmers.

PM Kisan Tractor Scheme Eligibility Criteria:

‘All farmers in the country who want to take advantage of the tractor plan must meet some of the qualifying conditions listed below; only then can they participate in the scheme and get the subsidy:

  • The farmer has never before purchased a tractor.

  • The farmer must have arable land.

  • The PM Tractor Scheme is only available to small and marginal farms, and the incentive can only be used once.

  • This scheme is only open to one person per family.

  • The farmer is only eligible for one tractor subsidy under this scheme.

Document Required to Apply for PM Kisan Tractor Yojana 

Aadhar card

Ration card

Residence proof

Income proof

Pan card

Bank passbook

Driving license

Ground copy

Mobile number

Passport size photo etc.

How to apply for PM Kisan Tractor Yojana?

As we previously stated, the government has not yet provided official information on this program, but the government can invite applications through CSC under the scheme. Farmers can apply for the Kisan Tractor Scheme online or in person at any CSC center. And if the future government opens a portal for the scheme, we will notify you.

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