Recently the government has seen a wave of happiness in the farmers due to the debt forgiveness of the farmers. At the same time, in the current financial year, good sales were seen in units of 6.5 lakhs of tractor due to monsoon. Along with this, it has also been revealed by a report that in the case of a reduction in interest rates and in some major states, the tractor sale is getting a boost in lieu of the debt of farmers.
The report also revealed that when the ban was made last year, despite this, due to good rainfall, tractor sales saw an increase of 18 percent.5.8 lakh units of the tractor were sold in 2015 and 2016, compared to 2014.
The Indian Meteorological Department predicted that this year's normal monsoon. If the condition of the monsoon is compared now, monsoon rains have been good and distribution is also good.
It has also been mentioned in this report that apart from this there are many states where tractor sales will increase even with agricultural debt waiver. Sales in some states like Maharashtra, Punjab, Uttar Pradesh, Tamilnadu and Karnataka are expected to increase due to tractor agriculture loans.