Schemes Schemes

Mini Tractor Anudan Yojana Maharashtra Tractor Loan Yojana Apply Here

Empowering Marginalised Communities Through Mini Tractor Anudan Yojana: Boosting Livelihoods for Scheduled Castes and Neo-Buddhist Self-Help Groups.

Mini Tractor Anudan Yojana Maharashtra

Complete details, benefits, application process, and eligibility criteria for the 90% subsidy under the Mini Tractor Anudan Yojana are provided here. Mini tractors play a vital role in various farming activities, and the government has initiated this subsidy scheme specifically for farmers. Economically disadvantaged farmers now have the opportunity to acquire mini tractors at a subsidised rate, with the government offering a 90% subsidy. The distribution of mini tractors and their accessories will be carried out through self-help groups representing Scheduled Castes and new-Buddhist communities, as directed by the Social Justice Department. The deadline for applications is December 23rd. In this article, we will explore all the necessary information, including farmer eligibility criteria and application details for the mini tractor scheme.

Tractor Loan Yojana Apply Here

  • Download the application form by visiting the provided link and access detailed information about State Bank of India loans for purchasing a tractor.
  • Eligible individuals can receive a loan of up to 25 lakhs, with the option to obtain an additional loan of up to 1.60 lakhs for tractor parts or accessories.
  • The loan amount for purchasing a tractor and related equipment can reach up to 25 lakhs. Apply through the relevant State Bank portal, providing comprehensive information.
  • Individuals and organisations across India are eligible to apply, including farmers. Even existing bank loan holders can apply.
  • Applicants must possess a minimum of two acres of land and have a CIBIL score exceeding 650. Required documents include identity proof (Voter card, PAN card, Aadhaar card) and address proof (ID card, passport, Aadhaar card, driving licence).
  • For land documents, you will need satbara village sample 8, and additional documents may be required as per the bank’s request.
  • The processing fee is waived for loans up to 2 lakhs, while loans exceeding 2 lakhs will incur a processing fee of 1.40% plus GST.
  • The applicable interest rate for this scheme is 3.30%. To apply, follow the provided link, as the scheme is open to all.

Benefits of this Scheme


Financial Support: The scheme extends a substantial financial aid of ₹ 3.15 lakhs to self-help groups, empowering them to acquire mini tractors along with their essential accessories

Terms and Conditions for Mini Tractor Scheme

To ensure a fair and effective implementation of the Mini Tractor Scheme, the following conditions have been established for eligibility:

  • Residency Requirement: The members of the self-help group applying for the scheme must be residents of the Maharashtra state.
  • Community Inclusion: A minimum of 80 percent of the self-help group’s members should belong to Scheduled Castes and Neo-Buddhist communities.
  • Valid Caste Certificates: Applicants are required to furnish caste certificates issued by competent authorities as proof of their Scheduled Caste or Neo-Buddhist status.
  • One-Time Benefit: The scheme is applicable to those who have not previously availed of its benefits.
  • Cost Limit: The maximum purchase threshold for mini tractors and essential accessories, including necessary materials, is set at ₹ 3.50 lakhs.
  • State Residency (Again): Members of Self Help Groups from Scheduled Castes and Neo-Buddhist communities need to be residents of Maharashtra State.

Selection Procedure: In cases where the number of financial applications surpasses the predetermined targets, the selection of self-help groups will be conducted through a lottery system.

Mini Tractor Scheme Application Process

Self-help groups intending to avail the benefits of the Mini Tractor Scheme must provide a written application along with all necessary documents to the Assistant Commissioner at the Social Welfare Office in Parbhani.

How to Apply for Mini Tractor Scheme

Now that we’re aware of the eligibility criteria and conditions for the Mini Tractor Scheme, let’s delve into the process of applying for this beneficial initiative:

Step 1: Verify Your Eligibility

Ensure that you meet the eligibility criteria and adhere to the specified conditions as laid out in the scheme guidelines. This will confirm your eligibility to avail the benefits.

Step 2: Benefit from Subsidies

Under this scheme, you have the opportunity to purchase mini tractors with an impressive 90 percent subsidy. This financial assistance can significantly ease the acquisition process.

Step 3: Visit the Social Welfare Office

To initiate your application, visit the Social Welfare Office of your respective district. The dedicated personnel at the office will guide you through the application process and provide necessary assistance.

Step 4: Seek Official Information

For a comprehensive understanding of the scheme, visit the official government website. This platform will offer detailed insights into the scheme’s features, benefits, and application procedures.

Step 5: Connect with the Assistant Commissioner

For any inquiries or clarifications, you can reach out to the Assistant Commissioner of Social Welfare in your district. They are equipped to address your questions and provide the information you need to proceed.

By following these simple steps, you can seamlessly apply for the Mini Tractor Scheme and leverage the opportunity to enhance your livelihood. This scheme holds the potential to positively impact your agricultural pursuits, ensuring a more efficient and productive future.

Tractor Loan Yojana Required Documents

Required Documents

  • Complete the application form with all the necessary details.
  • Obtain a quotation for the tractor from an authorized dealer.
  • Provide valid identity proof such as Voter ID, PAN Card, Passport, Aadhaar Card, or Driving License.
  • Submit an address proof document such as Voter ID Card, Passport, Aadhaar Card, or Driving License.
  • Include proof of agricultural land or cultivation.
  • Additionally, provide any other documents as required for the loan sanction.

Eligibility Criteria

  • Eligible individuals, groups, institutions, and organizations can apply.
  • Both existing and new farmers, as well as good borrowers banking with other banks, are eligible.
  • The applicant must possess a minimum of 2 acres of agricultural land.
  • A CIBIL score of more than 650 is required for the applicant.

Did You Know?

Farmers employ mini tractors for diverse agricultural tasks, and the government has introduced a subsidy program specifically for these farmers. Consequently, financially disadvantaged farmers will have access to mini tractors at a subsidised rate. Under this scheme, the government will provide a subsidy of 90 percent.

Who Get Benefit for Mini Tractor Anudan Yojana

The Mini Tractor Anudan Yojana is designed to bring about a transformative change in the lives of Scheduled Caste and Neo-Buddhist self-help groups. This initiative aims to enhance their living conditions by facilitating the means of production through the provision of mini tractors and related accessories.

Under this scheme, the primary beneficiaries are self-help groups from Scheduled Castes and Neo-Buddhist communities. These groups will have the opportunity to access mini tractors and their accompanying equipment, which will be provided by the Social Justice Department.

The implementation of the scheme involves supplying mini tractors and their accessories to these eligible groups. Through this provision, the government seeks to empower these marginalised communities and uplift their economic status.

To take advantage of this opportunity, interested groups need to apply before the deadline of December 23. By embracing the Mini Tractor Anudan Yojana, Scheduled Caste and Neo-Buddhist self-help groups can seize the chance to increase their productivity and create sustainable sources of income.

 

Mini Tractor Subsidy Scheme Application Start, 90% Subsidy

Recently, the government announced its decision to grant subsidies on agricultural tools to farmers in Bihar. In the midst of the Bihar assembly elections, the Agriculture Department has initiated an online application process for interested farmers.

Furthermore, the Agriculture Department has also commenced the implementation of the Agricultural Mechanisation Scheme, which aims to provide agricultural tools to farmers at reduced rates. It is important to highlight that this scheme offers subsidies ranging from 50% to 90% for eligible farmers.

Farmers are advised to take note that they can conveniently apply for this scheme online, as the application process will be conducted through the agricultural mechanisation scheme’s online platform.

FAQs For Mini Tractor Anudan Yojana Maharashtra

 

What is the central government subsidy scheme for tractors?

Taking this into account, the central government has declared the Pradhan Mantri Kisan Tractor Yojana 2022, through which Indian farmers are eligible to receive a 50% subsidy when purchasing tractors.

How much subsidy is given under the tractor subsidy scheme?

Within this program, qualifying farmers receive a subsidy ranging from 20 to 50% when acquiring new tractors for agricultural purposes. The state authorities oversee the scheme's implementation. The government-granted subsidy is seamlessly deposited into the applicant's bank account. Applications can be submitted through either online or offline channels.

What is the application procedure under the Tractor Subsidy Scheme?

Prospective candidates should not already be recipients of a comparable subsidy initiative. Applicants who have applied for this scheme are required to possess agricultural land. Eligibility extends to individuals classified as small or marginal farmers. It is imperative that applicants have refrained from purchasing any tractors within the past 7 years.

Who is subsidised for which implements the Tractor Subsidy Scheme?

The primary recipients of this initiative are Farmers. Within this program, qualifying farmers receive a subsidy ranging from 20 to 50% when acquiring new tractors for agricultural purposes. The scheme's execution falls under the purview of state authorities. The government-issued subsidy is directly deposited into the applicant's bank account.

What is the price of Mini Tractor?

The price range for mini tractors in India begins at ₹ 2.45 Lakh and goes up to ₹ 8.70 Lakh*. There is a selection of 60 different models available for small tractors in the country.

Which is the best Mini Tractor in India?

HAV 45 S1. Engine Power. 44 HP. ... Mahindra YUVO 275 DI. Engine Power. 35 HP. Mahindra 475 DI. Engine Power. VST VT 224 -1D. Engine Power. Eicher 548. Engine Power. Massey Ferguson 241 DI MAHA SHAKTI. Engine Power. Trakstar 536. Engine Power. John Deere 5036 D. Engine Power.

Read more,

About the Author

Suveera Satyajeet Patil, a Legal Strategy Consultant, specialises in corporate law and risk management, helping businesses align legal operations with strategic goals. With experience advising multinational companies, she excels in corporate structuring and compliance. Suveera’s trusted guidance ensures actionable solutions that reduce legal risks and support sustainable growth.

Subscribe to our newsletter blogs

Back to top button

👋 Don’t Go! Get a Free Consultation with our Expert to assist with Schemes!

Enter your details to get started with professional assistance for Schemes.

×


Adblocker

Remove Adblocker Extension