EXCLUSIVE UPDATE: CM Punjab Announced Registration Process For 10,000 Green Tractor Scheme

Latest News: Punjab Government’s Green Tractor Scheme

Attention to all 8171 Ehsaas program beneficiaries! The Punjab Government has announced one of the most significant relief packages for eligible farmers, providing them with 10,000 Green Tractors with substantial subsidies. Here are the details:

Green Tractor Scheme Details

Approval By Maryam Nawaz:
Chief Minister Maryam Nawaz recently unveiled the Punjab Kisan Bank and the Green Tractor Scheme, aimed at assisting farmers in increasing their output through soft loans. The scheme received approval during a meeting chaired by Maryam Nawaz and attended by PML-N President Nawaz Sharif. A comprehensive briefing on the Kissan Package was provided during the meeting.

Distribution of 10,000 Green Tractors:
As part of the scheme’s first phase, the Punjab government will distribute 10,000 tractors. Instead of accepting an offer to subsidize tractors at Rs. 600,000 each, Maryam Nawaz announced a 70% subsidy for small tractors and a 50% subsidy for large tractors. She directed the completion of this initial phase within a year, with plans to supply a greater quantity of tractors annually thereafter.

Establishment of Kisan Bank

Alongside the Green Tractor Scheme, the Punjab Government is also establishing the Kisan Bank, equipped with essential features and facilities to support farmers effectively.

This initiative reflects the government’s commitment to uplifting the agricultural sector and providing substantial support to farmers in Punjab. Stay tuned for further updates on this groundbreaking scheme!

READ MORE: Government OF Punjab Issued Kisan Card and Interest-Free Loan of 1.5 Lakh Rupees

CM Punjab Announced Registration Process For 10,000 Green Tractor Scheme

Establishment Of Kisan Bank By Punjab Government

The most recent update reveals an important decision made on Friday to establish the Punjab Kisan Bank and provide farmers with affordable loans. This initiative, spearheaded by the Government of Pakistan, aims to offer financial assistance to farmers through a unique platform.

“Punjab Chief Minister Maryam Nawaz announced a farmer package worth 400 billion rupees,” stating, “Farmers will benefit from agricultural inputs and various services through the Kisan Card. Our top priorities include increasing agricultural output and ensuring the prosperity of all farmers.”

Eligibility Criteria For The Green Tractor Scheme 2024

The government ensures that social relief reaches eligible individuals by setting specific criteria and requirements. Here are the eligibility criteria for the Green Tractor Scheme’s First Phase:

Must be a Pakistani Citizen.

Farmers with land ranging from six to fifty acres (6-50 acr) are eligible for the Green Tractor Scheme.

Must hold a Nadra-verified CNIC.

Should not have any outstanding bank debts.

Must be a resident of Punjab.

Registration For The CM Green Tractor Scheme 2024

Currently, precise information about the application procedure for the scheme is unavailable. The Punjab government will inform the public as soon as additional information becomes available. Interested farmers are advised to stay updated for further announcements.

Overall Detail For 10,000 Punjab Tractor Scheme

Here are the key details of the Punjab Government’s Green Tractor Scheme:

Properties Details
Scheme Name Green Tractor Scheme 2024
Approved By Maryam Nawaz Sharif and Mian Muhammad Nawaz Sharif
No Tractors to be Distributed 10,000 in the first phase
Subsidy on Small Tractors 70 percent
Subsidy on Big Tractors 50 percent
Completion of the First Phase Within one year
Eligibility Criteria Farmers with land ranging from six to fifty acres
Registration To be announced soon

Conclusion

In conclusion, the establishment of the Punjab Government’s Green Tractor Scheme and the Kisan Bank represents significant strides towards enhancing the agricultural sector. By offering substantial subsidies on tractors and providing soft loans through the Kisan Bank, the government aims to enhance farmers’ productivity and economic well-being.

This initiative, approved by Chief Minister Maryam Nawaz, underscores the commitment to supporting small and large-scale farmers, ultimately contributing to the prosperity of Punjab’s agricultural community.

FAQs

How Many Tractors Will be Distributed In the First Phase By the Government Of Punjab?
10,000 tractors will be distributed by the Punjab government as part of the scheme’s first phase.

How Much Subsidy is Given on Green Tractors?
The government would provide a 70% subsidy for small tractors and a 50% subsidy for large tractors.

What are the Eligibility Criteria for the Green Tractor Scheme?
Individuals qualified for the First Phase of the Green Tractor Scheme:

Farmers who own between six and fifty acres of land are eligible.

Must be citizens of Pakistan.

Must have a validated CNIC.

Must have no outstanding bank debt.

Must be residents of Punjab.