“Krishi Yantra Anudan Yojana” is being run by the government for the purpose of making tractors and other agricultural equipment available to the farmers at a cheap price. Through this scheme, farmers are given subsidy on the purchase of tractors and other essential agricultural machinery.
Government subsidy ranging from 30 to 50% is given on the purchase of tractors in Madhya Pradesh. Not only tractors, but there is provision of subsidy on other agricultural equipments as well. If we talk about Uttar Pradesh, here farmers are given a huge subsidy of up to one lakh rupees for the purchase of tractors. On the other hand, farmers in Bihar can get the benefit of 50 percent subsidy on 90 types of agricultural machinery.
Source: Tractor Junction
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