Green Tractor Scheme to benefit 20k more farmers

Punjab Chief Minister Maryam Nawaz Sharif has ordered the distribution of 20,000 tractors among farmers during the next fiscal year. In the next phase of the scheme, a subsidy of Rs1.5 million will be offered on high-horsepower tractors and Rs750,000 on those of 50 to 65 horsepower. Under the Green Tractor Scheme, a subsidy of Rs1 million was provided on 9,500 high-power tractors earlier. In addition, 10,000 tractors ranging from 50 to 65 horsepower are being supplied to farmers at a subsidy of Rs500,000 each. According to a statement, the provincial government has for the first time launched an interest-free loan scheme of up to Rs30 million for the purchase of 12 categories of high-tech agricultural machinery. Through the scheme, nearly 200 high-tech combined harvesters have been provided to farmers. For the first time, 50 high-tech combined harvesters are being deployed for wheat harvesting operations across the province. To curb the burning of rice residue and address environmental pollution, 5,000 Super Seeders have been provided to growers. Rice cultivation on 1.4 million acres has been completed using the technology. In the second phase, an additional 5,000 Super Seeders are being distributed among rice farmers.

from Punjab News Updates and Insights - The Express Tribune https://ift.tt/hqAwcbr