New Delhi: The Modi government is trying to increase the income of farmers. The Government is running a number of schemes to provide financial assistance to the donors. The donors also need a variety of machines for cultivation. In order to help the donors, the Central Government has launched a scheme to provide subsidies on the purchase of tractors. The scheme is known as 'PM Kisan Tractor Yojana.'
Tractors are very essential for farming for the donors. But there are many farmers in India who do not have tractors due to financial constraints. In such difficult situations, they hire tractors or use bulls. In such a situation, the Government has come up with this scheme to help the farmers. Pradhan Mantri Kisan Tractor Yojana to provide tractors to farmers at half the price.
The Central Government provides subsidies to the donors for purchasing tractors. Under this, farmers can purchase tractors of any company at half the price. The rest of the money is given by the Government in the form of subsidies. In addition, several State Governments also provide subsidies ranging from 20 to 50% on tractors to the donors at their respective levels. The subsidy will be given by the Government only on the purchase of 1 tractor. As a necessary document, the farmer should have an Aadhaar card, land paper, bank details, passport size picture.