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Tractor Subsidy in India

About Tractor Subsidy in India

The updated information on tractor subsidy in India by Central and State Governments are now available at Tractor Junction. Our expert writers are currently also updating you all by subsidy for tractor. Get all the information in an understandable and accessible language only on Tractor Junction.

Subsidy for Farmers in India

India is an agricultural country. About 60 per cent of the country's population is involved in farming operations. Subsidy to Indian farmers is given from time to time by the Central and State Government. Farmers are provided with a subsidy for tractor, seed subsidy, fertilizer subsidy, agricultural equipment subsidy, solar energy subsidy, irrigation equipment subsidy, cash subsidy, electricity subsidy, sugar purchase subsidy, sugarcane payment subsidy, etc. The objective of the government behind subsidizing the farmers is to strengthen the economic condition of the farmers. Farmers were most in need of agriculture tractor subsidy. A tractor is the most needed machine on farms. The government provides subsidies ranging from 20 per cent to 90 per cent to farmers through various schemes.

Tractor Subsidy in India

The Modi government and various state governments in the country provide all kinds of subsidies to help the farmers. Below we are showing the major tractor subsidy scheme 2021 of the country.

  • Rashtriya Krishi Vikas Yojana (RKVY)
  • Sub-Mission on Agricultural Mechanization (SMAM)
  • National Food Security Mission (NFSM)
  • NABARD loans in India
  • PM Kisan Tractor Scheme
  • Agricultural Equipment Grant Scheme
  • Subsidy Scheme on Agricultural Equipment

The central and state government runs all the above Tractor subsidy schemes, and farmers are taking advantage of them.

Farmer's eligibility for tractor subsidy online form

Central and state governments subsidize farmers through their schemes, in which specific eligibility is determined. Eligibility for tractor subsidy 2021 varies in different schemes. Documents for tractor loan subsidy include Aadhaar card, Voter ID, bank passbook, bank account details, PAN card etc.

Types of Vehicle subsidy scheme

Governments provide direct cash subsidies and indirect subsidies to farmers. The government provides financial assistance to farmers in direct cash subsidy, and PM Kisan Samman Nidhi Yojana is the most prominent example of this. The central government transfers six thousand rupees every year to the farmers' account through this scheme. In indirect subsidy, the government provides subsidy on tractor, agricultural implements, Harvester subsidy, solar pumps, etc. to the farmers at low cost. A subsidy for tractor is aimed at the welfare of the farming community.

For daily tractor subsidy information, stay tuned with Tractor Junction. Here you can also get updates regarding the online tractor subsidy application and agriculture subsidy online form. 

Tractor Subsidy In Madhya Pardesh | Tractor Subsidy In Bihar |  Tractor Subsidy In Haryana |  Tractor Subsidy In Rajasthan Tractor Subsidy In Uttar Pardesh Tractor Subsidy In Punjab Tractor Subsidy In Himanchal Pardesh Tractor Subsidy In Central Goverment 

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