Sindh Bank on the directions of Department of Agriculture, Sindh has invited applications from farmers to determine their eligibility for 2-3 lakh rupees subsidy on purchase of locally manufactured tractors. Sindh Bank will award the subsidies by the process of balloting. The subsidies will be awarded to individuals on the basis of District Quota allocated by the Government of Sindh based on the area under cultivation in respective districts, private news channel reported.
The farmers applying for subsidy will have to do so in their respective districts where they own the land. A list of 60 branches has been released on Sindh Bank website. Sindh Government has also mentioned the name of local manufacturers who will provide the locally manufactured tractors: Al Ghazi Tractors, Millat Tractors, MTW Pak Assembling Ltd. and Orient Automotive Industries.
Farmers, who are residents of Sindh, must own more than 25 acres of land will be awarded the said subsidies. Furthermore, Individuals who are awarded the subsidy will not be eligible to sell tractors or transfer ownership of said tractors for at least three (03) years.