Haryana farmers can receive a big relief as they can obtain subsidy up to Rs 5 lakh on buying an electric tractor.
The price of the 45 HP e-tractor will be decreased to ₹1.3 million. The tractor would cost farmers about Rs 8 lakh after government incentives.
The Haryana government is all set to announce a big subsidy package on electric tractors to encourage farmers to adopt modern and eco-friendly farming. Under this initiative , farmers in the state will get a subsidy of up to Rs 5 lakh for purchase of electric tractors .
The policy aims at reducing the farming costs of the farmers and connecting them with contemporary technology. The government believes that electric tractors in agriculture will lower fuel expenses, which will reduce farmers’ costs for growing crops and increase their income.
Rs 8 lakh may get you a Rs 15 lakh tractor.
The 45 HP electric tractor is available in the market for around ₹1.5 million, sources said. However, the Haryana government is negotiating with tractor manufacturing businesses to cut the price by around ₹2 million . Should such a reduction be adopted, the tractor will come down to ₹1.3 million. Thereafter, the government will pay a subsidy for farmers to the tune of ₹ 5 million. Hence, an electric tractor may be purchased by farmers for approximately ₹8 million. This initiative may turn out to be a relief for small and medium-sized farmers giving them the option to buy contemporary tractors at a lesser price.
There will be considerable savings in fuel costs
The greatest plus point of electric tractors is that they don't need diesel. Unlike regular diesel tractors, e-tractors run on electricity which saves farmers a lot of money on fuel. This translates into considerable savings for farmers in ploughing, sowing and other agricultural operations in the long run. This technology is considered a big boon for the farmers as the diesel prices rise. It will also assist cut the cost of farming and enhance the income of farmers.
Pollution will go down
Environmental protection is another key benefit of electric tractors. Diesel tractors contaminate the atmosphere with smoke and poisonous chemicals. On the other side, electric tractors are pollution free and encourage clean farming. This can enhance air quality in villages and in agricultural areas.
Modern farming gets a boost
The government believes electric tractors will hasten the shift of farmers to modern farming. They have the latest technology which allows them to do numerous farming jobs more efficiently. This will make the farmers more efficient and they would be able to do more work in less time.
Government and companies in discussion
Recently, the Haryana government had a conference with tractor manufacturers to discuss how to make electric tractors cheap. The government aims to enable more farmers to get these tractors. To this purpose, talks are going with corporations to bring down the pricing by around ₹2 lakh. If adopted, this idea will be a great relief to farmers. This, along with the possibility of the corporation reducing the price by ₹2 lakh and a subsidised price of ₹5 lakh by the government, may mean a direct benefit of almost ₹7 lakh to the farmers. Experts say that this project can be a big step towards technologically empowering the farmers of Haryana and also towards making farming inexpensive, sustainable and environment friendly.
Frequently Asked Questions on “₹5 lakh subsidy on electric tractor”:
Que1: How much subsidy would be offered on electric tractor in harayana
Ans: Eligible farmers can get a subsidy of up to Rs 5 lakh from the Haryana government for buying electric tractors.
Que2: What is the cost of a 45 HP electric tractor today?
Ans: The pricing of 45 HP electric tractor is believed to be around Rs 15 lakh.
Que3: How low can prices go?
Ans: The price may come down by roughly Rs 2 lakh after talks between the government and tractor producers and then the price may remain around Rs 13 lakh.
Que4: Farmers will get the tractor for how much after subsidy?
Ans: The tractor will be available to the farmers for about Rs 8 lakh after the price decrease and the government subsidy of Rs 5 lakh.
Que5: What are the benefits of electric tractor for farmers?
Ans: Electric tractors use less diesel, pollute less, have reduced maintenance costs and support contemporary farming.
