The Kamyab Jawan program was first introduced by the government of India in the year 2007 to promote rural development. This program has helped farmers in India to buy tractors at low interest rates. Since this program was launched, many farmers in have been able to get tractors at much lower rates.
The farmers will now be able to apply for a Kamyab Jawan tractor loan, even if the land they cultivate has no value and their annual income from farming is less than Rs. 1 lakh.
If the farmer gets approved for a Kamyab Jawan tractor loan, he will be given the money he needs to purchase a new tractor. Once he gets the tractor, tractor subsidy he will pay a small amount of money as service tax. He will then be given the tractor for free in exchange for a small monthly installment. The tractor is then supposed to help him to carry out farming activities more efficiently.
The Kamyab Jawan program will be of great help to farmers who have cultivated the land on contract basis. Since the government ofhas launched this program, many farmers have been able to buy tractors without having to get a mortgage. The government of has made this program as a social responsibility because of its impact on many of the farmers.
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