Key Takeaways
- Punjab Chief Minister Maryam Nawaz launched the fourth phase of the Green Tractor Scheme.
- 10,000 tractors will be provided with a subsidy of Rs. 750,000 each under Phase IV.
- The program aims to provide 19,500 tractors to farmers during the current fiscal year.
Punjab Chief Minister Maryam Nawaz has launched the fourth phase of the Green Tractor Scheme, offering a subsidy of Rs. 750,000 on 10,000 tractors. This initiative is part of the provincial government's plan to provide 19,500 tractors to farmers during the current fiscal year.
The digital balloting for Phase IV was conducted in the presence of the chief minister, with the first tractor awarded to Masood Khan, son of Lal Khan, from Attock. This marks a significant step in supporting farmers and enhancing agricultural productivity.
Under Phase V, the government will offer 9,500 tractors with a subsidy of Rs. 1 million each. The Punjab government has allocated Rs. 17.6 billion for the Green Tractor Scheme, which has already provided 24,000 tractors with a subsidy of Rs. 1 million each.
More than 213,637 farmers applied for the Green Tractor Program, with 128,757 declared eligible after verification through the Punjab Land Records Authority and Nadra. The program has distributed 35,000 tractors during Maryam Nawaz’s tenure, compared to 10,000 tractors provided over the previous 20 years.
The government has also spent Rs. 20 billion on agricultural mechanization during the last two and a half years, compared to Rs. 3 billion over the previous two decades. This substantial investment underscores the commitment to modernizing the agricultural sector.
The Green Tractor Scheme aims to empower farmers by providing them with modern machinery, thereby improving their efficiency and productivity. The scheme is expected to have a significant impact on the agricultural landscape of Punjab.
The Punjab government’s efforts to support farmers through the Green Tractor Scheme highlight the importance of technology in agriculture. By providing subsidies and modern machinery, the government is paving the way for a more sustainable and efficient agricultural sector.
