Assam Tractor Distribution Scheme:- The government of Assam has started the Assam Tractor Distribution Scheme 2024 for ranchers in compliance with the Mukhyamantri Samagra Gram Unnayan Yojana (CMSGUY). The principal aim of his tractor subsidy program is to stimulate the agricultural industry and help farmers’ earnings improve by a factor of three by 2024. In this article, we will share all the important information on the freshly introduced Assam Tractor Subsidy Scheme. To learn more about the scheme, read this article till the end.
Assam Tractor Distribution Scheme 2024
The Assam Tractor Subsidy Scheme, which is being formally implemented in the state along with the official implementation of the nation’s largest Tractor Subsidy Scheme in the state under the Mukhyamantri Samagra Gramya Unnayan Yojana, will entice ranchers to obtain affordable farm trucks from the state government. Significant implications will arise for the Chief Minister’s Samagra Gram Unnayan Yojana. The main goal of the plan is to double farmers’ and ranchers’ incomes in addition to the state’s agriculture sector’s growth throughout 2024.
Farmers should ensure that these tractors are used properly as public funds of the state government will be used to purchase them. Additionally, the Agriculture Department will set up a separate division to provide information to the beneficiaries and monitor their operations. The Agriculture Department of the State Government of Assam seeks information on regular basis regarding the status of work for the benefit of the people. An agricultural unit in each municipality that maintains stable revenues will get an agricultural transporter as part of this effort.
| Article About | Assam Tractor Distribution Scheme |
| Launched By | State Government of Assam |
| Beneficiaries | Farmer only |
| Benefits | Subsidy on tractors (70%)Maximum Subsidy 5.50 Lakh, Minimum Subsidy 3.84 Lakh |
| Objective | Improve the income of farmers |
| Launched in the Year | 2022 |
| Official Website | mmscmsguy.assam.gov.in |
Objectives
Enhancing rural infrastructure is the aim of the Assam Tractor Scheme, which aims to increase the state’s agricultural production. It will be in charge of determining the brand and model that farmers rent from the corporation. The introduction of this program consists of two primary parts: the provision of tractors and the provision of said tractors in a manner that relieves farmers of the financial burden associated with maintaining them. Thus, farmers are now able to bring branded tractors for agricultural use in addition to receiving subsidies.
Benefits
The Tractor Subsidy Scheme has been beneficial for farmers in the state. Providing affordable farm transportation promotes innovative farming practices. Benefits under this program include the following:
- The primary advantage of this program is that it offers a 70% tractor subsidy in the form of a tractor subsidy. The policy provides a minimum subsidy of 3.84 lakh and a maximum subsidy of 5.50 lakh.
- The scheme also includes tractor equipment and accessories.
- A recipient who qualifies may get a 20% bank loan toward the purchase of a tractor.
- Beneficiaries receive 10% of the total amount.
- Subsidies of 5.5 lakhs are available.
- The tractor’s kind and design are left to the recipients’ group to decide. In other words, the decision is essentially up to the user.
- The use of tractors on a rental basis should be mandatory for all farmers.
Banks’ Collaboration
For the duration of the program, the Department of Agriculture will streamline the opening of group bank accounts, credit linkage, fund flow, monitoring, and other program-related procedures by signing a memorandum of understanding (MOU) with any banks interested in participating. The following provisions must be included in MOUs with financial institutions:
- Only financial institutions that have signed the agreement should be able to participate in the initiative.
- Interest rates on loans up to the amount of the released subsidy are prohibited by law for the banks. The MOUs that must be executed with different financial institutions must have these clauses.
- On loans totaling the released subsidy, banks are not permitted to charge interest.
Eligibility Criteria
- Applicant must be a permanent citizen of Assam State.
- The applicant should be a farmer by profession.
- The Assam Tractor Scheme is not open to the general public. It is achievable for eight to ten persons in their respective professions who reside in the same village.
- The group must open a joint bank account and submit an application with the signatures of all members to be eligible for the tractor program; ideally, this should happen in tandem with the cultivation of land and crops.
- Having more than one member of the same family in the application group is not allowed.
Required Documents
- All the applicants of a group Aadhar Card
- Residence certificate
- Pan Card
- Mobile Number
Assam Tractor Distribution Scheme Application Procedure
The application process for the tractor subsidy scheme is given below:-
- The applicant group must send the application to the District Agriculture Officer in the manner required by that officer, who will subsequently deliver it to the DLC.
- Next, with a waiting list of at least 10% of the total cost of the tractor unit in the group’s bank account at the relevant branch, DLC will select one eligible group per town.
- The Member Secretary will disseminate the names of the selected groups following the DLC’s legally binding decision on the applications and groupings.
- The application will thereafter be available for submission by the applicant organization to the District Agriculture Officer in the prescribed way, after which the District Agriculture Officer will forward it to the DLC.
