The central government has introduced several remarkable initiatives for farmers. Additionally, there is another incredible program for farmers. In this, they can obtain a tractor at a significantly subsidized price to meet their agricultural needs. We can provide more details if needed.
What is PM Tractor Yojana?
Under the leadership of Prime Minister Narendra Modi, the Indian government has introduced several fantastic programs to help farmers. One of these is the PM Kisan Samman Nidhi scheme, which gives farmers Rs. 6,000 per year in three installments to support their farming.
Another great initiative is the Prime Minister’s Tractor Scheme. This program aims to make tractors more accessible to farmers, helping them modernize their farming practices and improve their agricultural output. Tractors are essential tools for farming, and this scheme makes it easier for farmers to get their own tractors, which is a big help in their agricultural work.farmers can buy tractors at a significantly lower price (with a subsidy). If they contribute a portion of the total cost, they can own a tractor. This makes tractor ownership more affordable for farmers, as they don’t have to pay the full price.
What documents are required?
- Aadhaar card
- One of the following: PAN Card, Voter ID, Driving License, or Passport,
- Documents related to their land (Adangal),
- Bank account information,
- Income certificate, and
- Latest passport-sized photograph.
Who is eligible to have own farm?
Every small and marginal farmer in India is eligible for the PM Tractor Yojana scheme. It should be noted that this scheme is also applicable to tenant farmers. Tenant farmers.. have to take NOC from the owner. Age should be between 18 years to 60 years. The farmer’s family annual income should be less than or equal to Rs. 1.50 lakhs to apply for the PM Tractor Scheme.
Who gets the subsidy?
- The central government transfers this subsidy to the bank that provides the loan to the farmer for buying a tractor.
- Each family is eligible for only one tractor under this scheme.
- This eligibility is determined based on the ration card.
- Individuals who haven’t purchased a tractor in the past 7 years can reapply for this scheme.
How to apply?
Some state governments are allowing farmers to apply offline in their regions. To get the necessary information, farmers can reach out to the officials at their local village secretariats or Rythu Bharosa Kendras. If they have any questions or concerns, they can contact the PM Kisan website’s helpline at 155261 or 011-24300606.
In Telangana, the government, under the name ‘Yantra Lakshmi,’ is providing additional agricultural equipment, including tractors. Meanwhile, the Andhra Pradesh government is implementing ‘YSR Yantraseva‘ for similar purposes.
Yantra Lakshmi Scheme
The program known as ‘Yantralakshmi’ was introduced and was active until the 2017-18 financial year. However, it has remained inactive for the past four years. Unfortunately, farmers have not been able to benefit from this program during this time, and it no longer applies to agriculture.
Scheme Active or Inactive, The Agriculture Department officials do not have clarity on this matter.
Regarding the use of farming equipment, the government used to provide a 90% subsidy to SC and ST farmers, while BC farmers received a 50% subsidy under this mechanization program. However, since the program has become dormant, small and marginal farmers are now facing financial challenges.
YSR Yantra Seva
To help farmers enhance their financial well-being, Chief Minister YSR Jagan Mohan Reddy introduced the YSR Yantra Seva Pathakam Scheme. This scheme was launched on October 26, 2021, and you can apply for it either online or offline. Official Portal Click Here
The PM Tractor Yojana is currently not active in Telangana or any other state. There is no official information or news from the government regarding this scheme.Please be cautious and avoid any potential scams related to this scheme. If it becomes available, we will notify you.