Farmers Will Be Able To Purchase Tractors At Half The Cost, The Government Will Provide A 50% Subsidy

Learn About The PM Kisan Tractor Scheme And How You Can Get Financial Assistance To Buy A New Tractor

Farmers in any state of India can apply for a new tractor through the PM Kisan Tractor Subsidy Scheme. Farmers will receive a 20 to 50 percent subsidy when purchasing a new tractor under the scheme, depending on their category. So, in this Tractor News article, we'll go over everything you need to know about the PM Kisan Tractor Scheme.

Farmers will Receive A 20 to 50% Discount On New Tractor Purchases

Poor farmers will receive financial assistance in purchasing expensive tractors and agricultural equipment used in agricultural work. According to the fixed provisions, farmers will receive a 20 to 50 percent subsidy on the purchase of a new tractor. Subsidies will be provided to all categories of farmers up to the prescribed limit. The subsidy amount will be transferred directly to the recipient's bank account.

Online Tractor Subsidy Application Process

To take advantage of the PM Kisan Tractor Scheme, the farmer must first apply at the nearest Common Service Center. Following your application, you will receive an application slip from Jan Seva Kendra, which will allow you to check the status of your application in the future. Farmers can apply in person at their local Jan Seva Kendra Common Service Center. However, online applications for this scheme are accepted in many states across the country.

Read more: Subsidy On Farm Machinery- Apply For A Huge Discount Of Up To One Lakh On Agricultural Machines

Eligibility For The Kisan Tractor Scheme

• The applicant must own agricultural land in his or her own right.
• In the case of a split family, the applicant's name must be included in the revenue record. All types of farmers will benefit from this subsidy scheme. Scheduled Castes/Tribes, Women, BPL, small and small marginal, and semi-medium farmers will be given preference.
• Priority will be given to farmers who have not previously benefited from any central or state government scheme.
• The applicant farmer's family's annual income should not exceed Rs 1.5 lakh.
• The applicant farmer must have an account with any bank in India, and his account must be linked to Aadhaar.

Documents Needed For The Application

If you want to apply for a subsidy on the purchase of a tractor under the PM Kisan Tractor Scheme, you will need some important documents. Wherein -

• The Aadhar card
• land deeds
• bank account passbook for banking information
• Photographs in passport size
• Aadhar card-linked mobile number
• income verification

Read more: Pradhan Mantri Krishi Sinchayee Yojana- Get 90 Percent Subsidy On Drip And Sprinkler Irrigation