- Punjab Chief Minister Maryam Nawaz approved the "CM Punjab Green Tractor Scheme."
- The meeting also sanctioned other measures, like creating a Kisan bank for farmer loans.
- Farmers with six to 50 acres of land can apply for the Green Tractor Scheme.
The approval was given during a meeting led by Maryam Nawaz and attended by PML-N President Nawaz Sharif. A comprehensive briefing was provided during the meeting regarding the Kissan Package.
In addition, the meeting approved several other initiatives aimed at supporting farmers in Punjab, such as the creation of a Kisan bank to offer accessible loans to farmers.
Subsidy on Tractors
In the meeting, the chief minister turned down a proposal to provide a subsidy of Rs600,000 on a tractor. Instead, she instructed the authorities to offer a 70% subsidy on small tractors and a 50% subsidy on large tractors.Number of Tractors to be Distributed Under the New Scheme
The government has opted to raise the number of tractors to be distributed under the Punjab Green Tractor Scheme 2024 to 10,000 units.The chief minister has instructed that the first phase of the tractor scheme be completed within a year.
Who is eligible for the Green Tractor Scheme?
Farmers who own six to 50 acres of land are eligible to apply for the Green Tractor Scheme.[embedpost slug="/pakistan-sets-record-for-monthly-remittance-inflows-in-may/"]
