Farm mechanization helps in increasing productivity as well as profitability in agriculture. There are many machines and equipment that can help farmers double their income including tractors.
Though tractors are very useful but small and marginal farmers find it difficult to buy them due to their high cost. Because of this, the majority of farmers are forced to do traditional farming with the help of bullocks.
Hence a tractor subsidy program has been implemented under which the farmers receive a 20 to 50 percent subsidy on the purchase of a tractor. Small farmers and those in financial difficulty can take advantage of this scheme.
Pradhan Mantri Kisan Tractor Yojana 2022
Tractor Farmers who are struggling financially as well as small and marginal farmers will receive a 20–50% subsidy on the purchase of tractors under the Pradhan Mantri Kisan Tractor Yojana 2022. While the GST and other associated costs must be covered by the farmers themselves under this program, the subsidy amount is paid on the cost of the tractor.
Farmers are invited to submit applications under this scheme from various state governments. They can purchase tractors for just half the cost if they apply for the tractor subsidy program.
Eligibility Criteria
Only agricultural farmers will receive a subsidy on the purchase of a tractor under the PM Kisan Tractor Scheme, which the government has set eligibility requirements for.
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The farmer must have his own cultivable land.
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Aadhar-PAN linked account should be in any bank in India.
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The annual income of the farmer family should be up to Rs 1.5 lakh only.
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If the farmer already has a tractor, then he will not be the beneficiary of the scheme.
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The benefit of subsidy will be given to a farmer on the purchase of only one tractor.
Required Documents
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Farmer's Aadhar card
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Farmer's pan card
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Copy of Khasra Khatauni
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Bank account-details of passbook
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Mobile number linked with Aadhar
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Passport size photo
How to Apply for Tractor Subsidy
Farmers who qualify can apply online or offline for the Tractor Subsidy Scheme 2022 with the help of their local Public Service Center or Common Service Center (CSC Portal).
Farmers can also get more information about this scheme by contacting the district's closest Agriculture Department office.
