Pradhan Mantri Kisan Tractor Yojana Benefits, Features, Eligibility

Overview of PradhanmantriKisan Tractor Yojana

Prime Minister, Narendra Modi launched the PradhanmantriKisan Tractor Yojana which is solely for the benefit of the farmers. Under this scheme, the farmers can apply for tractors at a subsidised rate.

The farmers who are eligible under the scheme get the monetary benefit directly into their account. In this thread, we will provide all the information ranging from the about the Yojana, eligibility criteria, process to apply, documents needed, the process to check, etc.

About Pradhan Mantri Kisan Tractor Yojana 2020

Under this scheme, farmers from any state are permitted to apply for a tractor at a subsidized rate. The central government is the one who has initiated the scheme, but the state government will be the one who will be collecting the applications.

The objective of Pradhan Mantri Kisan Tractor Yojana

Currently, the condition of farmers is incredibly deplorable. Farmers cannot even afford to buy the necessary equipment such as machines and tractors, to do carry out their jobs.

The needs of the citizens of the country are increasing daily; hence for this, the farmers need to upskill themselves. The farmers need to opt for modern farming that helps them to optimize their resources and produce more. By this acceleration, the condition of the farmers will also rapidly increase.

Both the central and state government are trying their level best to make farmers more empowered and self-reliant. Under this Pradhan Mantri Kisan Tractor Yojana 2020, the government has aimed to provide a subsidy to the farmers.

The subsidy is provided to their new purchase ranging from 20-50% in the state and 50% somewhere else. The subsidy will be given up to 50%, including the state and central government inclusive.

Benefits of Pradhan Mantri Kisan Tractor Yojana

Here are some of the benefits the farmers can avail under this scheme:

• The subsidies under this scheme range from 20 to 50 percent, and it is directly given to the bank account of the beneficiary while they purchase the tractor.
• The farmers must have their bank account, as the benefit is directly given to them. They also need to have an Aadhar card that is linked to the bank account.
• During the purchase, Farmers need to use 50 percent of their own money to buy a tractor once the state has approved it.
• The profit of the Farmers must apply 50 percent must be on the farmer’s name who is using the cultivable land. If the name of the land is on someone else’s, then the farmer cannot apply for this scheme.
• Up to 50% of the subsidiary is provided to the farmers by both the Central and state government and farmers can get a loan of up to 50%.

Eligibility Criteria under Pradhan Mantri Kisan Tractor Yojana

For the farmers to get the benefits, they need to fulfill the following eligibility criteria:

• The farmers need to have agricultural land in their name
• For the first seven years of their application, the applicant should not be the beneficiary of any scheme belonging to the state or central government,
• The applicant needs to have an Aadhar card.

Documents required for Pradhan Mantri Kisan Tractor Yojana

Here is the list of documents required to apply for the scheme:

• Land Documents
• Voter ID card / PAN card / Passport / Aadhaar card / Driving license etc.
• Bank account passbook
• Mobile number
• Passport size photo

Procedure to apply for Pradhan Mantri Kisan Tractor Yojana

The applicants need to deliver the documents mentioned above to the nearest Common Service Centre. The nearest Jan Seva Kendra collects the applications.

Once the application has been submitted; you will receive an application slip that will allow the applicant to check their application status. In a few states, online application is also allowed.