50% Subsidies will be given to the farmers for the purchase of farming equipment's

Central government has introduced Pradhan mantri kisan tractor yojana 2022 in which kisan will get 50% subsidy on buying farming equipments or tractors.

In every farmer's life tractor plays a vital role but due to its higher prices every farmer can't afford it so seeing that central government has introduced Pradhan mantri kisan tractor yojana 2022 in which kisan will get 50% subsidy on buying farming equipments or tractors.In this the farmer can apply for the subsidy and get amount in their bank account. If the individual passes all the eligibility requirements then he can avail all the benefits of the scheme. States like Assam,Bihar,MP,Maharashtra are successfully running this scheme.These subsidies are a part of a government program where all farmers aim to get the benefits of financial aid. On January 1, 2013,the Indian government set up the DBT agriculture scheme,which helps the farmers to get beneficiary subsidies in an easy and smooth manner.Subsidy categories which are covered in this plan are like LPG subsidy,Old age pension, NREGA payment and many more. DBT scheme has all the required information which are beneficial to the farmers and are kept on the portals which allow farmers to take advantage of the government scheme in a direct and in a simple manner.

 The DBT has a clear and undemanding structure: The farmers who are below the poverty line the money is directly sent to their accounts, this money will be sent through NPCI’S Aadhar payment bridge.The CPSMS website is a store hub of all the information related to the plan and strategy of DBT. 

2024 Tractor subsidy list includes:

 Rashtriya Krishi Vikas Yojana (RKVY) - It is a part of national agriculture development programme and a state plan. This provides 100% subsidy amount to the farmers and all agriculture mechanization also receives subsidy. This system follow all the rules and regularization of state government 

 National Food Security Mission (IFSM) (NFSM) - The aim of this scheme is to build more productivity not buying new machines.As if seeing future situations where machines will defeat over time then this formula will be very helpful.

 Sub-Mission on Agricultural Mechanization (SMAM) - The programme was introduced to help the country’s small and backward farmers. Some special centers are also there for the farmers which help them by providing advice on agriculture tasks.

 NABARD (National Bank for Agriculture and Rural Development) loans in India - The NABARD scheme states that the tractors can be purchased with 30% of subsidy and purchase of other transport machinery with 100% of subsidy. This contributes to the farmers purchasing new machinery which helps them to proceed with their crops.

 Our country relies on farmers for its strength and power, and their well-being is a reflection of the country's overall well-being.