Published Mar 29, 2023
Tractor subsidies have been in place since the 1960s, with increased funding in recent years.
Farmers with less than 2 hectares of land can apply for tractor subsidies.
The government provides up to 50% subsidy on the purchase of a new tractor.
Tractor subsidies have led to increased crop yields and improved livelihoods for farmers.
Some of the tractor subsidies provided by the Indian government include the Pradhan Mantri Fasal Bima Yojana, the Pradhan Mantri Krishi Sinchai Yojana, and the Rashtriya Krishi Vikas Yojana.
The Indian government aims to increase funding for tractor subsidies and improve implementation.