The Punjab Government has announced a significant relief package for eligible farmers, providing 10,000 Green Tractors with substantial subsidies. The scheme, approved by Chief Minister Maryam Nawaz, aims to increase farmers’ output through soft loans. The first phase of the scheme will distribute 10,000 tractors, with a 70% subsidy for small tractors and a 50% subsidy for large tractors. The initial phase will be completed within a year, with plans to supply a greater quantity of tractors annually thereafter. The scheme received approval during a meeting chaired by Nawaz and attended by PML-N President Nawaz Sharif.
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Establishment of Kisan Bank June 2024
The Punjab Government is launching the Kisan Bank alongside the Green Tractor Scheme, providing farmers with essential facilities to support their farming. This initiative demonstrates the government’s commitment to enhancing the agricultural sector and providing substantial support to farmers in Punjab.
Establishment Of Kisan Bank By Punjab Government
- Punjab Kisan Bank: Established by the Pakistani Government to support farmers.
- Affordable Loans: Provides farmers with affordable loans through a unique platform.
- Leadership: Initiative led by Chief Minister Maryam Nawaz.
- Agricultural Inputs & Services: Offers various services and inputs through the Kisan Card.
Top Priorities:
- Increase agricultural output.
- Ensure the prosperity of all farmers.
Eligibility Criteria For The Green Tractor program
The Pakistani government sets eligibility criteria for the Green Tractor Scheme’s First Phase, including being a Pakistani citizen, having land between six and fifty acres, holding a Nadra-verified CNIC, not having outstanding bank debts, and being a resident of Punjab.
Registration For The CM Green Tractor Scheme 2024
The Punjab government is working to provide more information about the application procedure for the scheme, and farmers are encouraged to stay updated on any updates.
| 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 2024 |
| Registration | To be announced |
Conclusion
The Punjab Government’s Green Tractor Scheme and the Kisan Bank are significant initiatives aimed at improving the agricultural sector. The scheme provides substantial subsidies on tractors and soft loans through the Kisan Bank, aiming to boost farmers’ productivity and economic well-being. Approved by Chief Minister Maryam Nawaz, these measures support both small and large-scale farmers.
Also Read: How to Easily Check Your Benazir Program New Payment of 10,500?
FAQs:
What is the Green Tractor Scheme 2024?
It’s a Punjab Government initiative to provide 10,000 tractors with substantial subsidies to eligible farmers.
Who approved the scheme?
Chief Minister Maryam Nawaz Sharif, with support from PML-N President Nawaz Sharif.