Tractor subsidy are government incentives or financial assistance programs aimed at promoting agricultural mechanization and supporting farmers in acquiring tractors. These subsidies typically involve providing a certain percentage of the tractor's cost as a grant or reducing the interest rate on tractor loans. The objective is to make tractors more affordable and accessible for small and marginal farmers, enabling them to improve productivity, increase efficiency, and reduce labor-intensive tasks. Tractor subsidies play a crucial role in rural development by empowering farmers to adopt modern farming practices and mechanized equipment. By facilitating tractor ownership, these subsidies contribute to agricultural growth, food security, and overall economic development in rural areas.
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