PM Kisan Tractor Yojana Scheme 2023 : Know complete details here

PM Kisan Tractor Yojana Scheme 2023

To double farmers' incomes, the national government under Prime Minister Narendra Modi has introduced a number of fantastic programmes. offers the breadwinner assurance and numerous forms of help. But compared to the past, we can observe a significant rise in the usage of machinery for cultivation as a result of modernization and advancing technology in agriculture. One of the most important pieces of equipment for farmers in agriculture is the tractor. From ploughing, a tractor is required for numerous tasks. But farmers still have to bear the cost of purchasing it. They are frightened if you wish to invest millions of rupees on a tractor. They have the support of the centre. The national government is putting into effect a programme that would allow farmers to purchase tractors for half price. Pradhan Mantri Tractor Yojana is this.

PM Tractor Yojana: What is it?

1. The PM Tractor Yojana programme is being implemented by the federal government with the goal of offering farmers low-cost access to agricultural equipment. 
2. Farmers that participate in this programme can purchase tractors for 50% less (subsidised). 
3. By covering half of the cost, the centre makes it possible for them to purchase a tractor. 
4. The nodal agency for this plan will be the corresponding states.

Who is eligible for this scheme?

The PM Tractor Yojana programme is open to all small and marginal farmers in India. The farmer must be between the ages of 18 and 60 in order to qualify for this programme. It makes no difference if you don't have a farm of your own. It should be kept in mind that tenant farmers are also covered by this programme. Tenant farmers.. must get the owner's NOC.

The farming family's yearly income cannot be more than Rs. 1.50 lakh while applying for the PM tractor plan. If the farmer who applied is accepted, he will be given the chance to purchase a tractor at a discounted price. The federal government is subsidising half of the tractor's cost. The banks will lend the farmers the other half of the money.

Who receives a subsidy?

This subsidy is sent from the centre to the bank that lent money to the farmer to purchase the tractor. For instance. Let's suppose that a tractor costs Rs. 8 lakhs. Out of which, the Centre will bear Rs. 4 lakhs. The bank lends the farmer an additional 4 lakh rupees. After the farmer bought the tractor.. he took a loan of Rs. 4 lakhs is enough to repay in installment mode (EMI).

Will it provide those who currently own a tractor already?

The programme allows applicants who haven't bought a tractor in the previous seven years to reapply. A farmer is only allowed to purchase one tractor under this plan. The farmer has the option to purchase the tractor of his choice from the business and at the price of his choosing. The farmer has complete discretion over which tractor to purchase based on his farming requirements.

Documents Required:

1. Farmers applying for PM tractor scheme must submit these documents. 
2. Aadhaar card should be valid. 
3. PAN Card/Voter ID/Driving License/Passport (any of these), 
4. Adangal documents related to the farm, 
5. Bank account details, 
6. Income certificate, 
7. Latest passport size photograph.

How to apply online?

1. On the PM Kisan website run by the Central Government, https://pmkisan.gov.in/, applications can be submitted online. 
2. A first Login ID must be made for this.
3. The application window will open after logging in. 
4. Farmers should call a helpline listed on the PM Kisan website if they have any questions. 
5. You can ask queries by dialling 011-24300606 or 155261.

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