Chief Minister of Punjab Pakistan(CM Punjab) has started an interest-free loan Scheme for Farmers and Online registration.
Punjab Kisan interest-free loan scheme details:
The government has announced a historic Kissan Package of Rs 100 billion. Moreover, besides the provision of relief to the farmers, special attention has also been paid to research and development for increasing per acre yield. Keeping in mind the importance of this sector, the proposal for establishing agriculture stock exchange is also on the cards. The move certainly highlights the fact that the government has fulfilled its promise. It is hoped that the move, if properly implemented, will certainly help the agriculture sector in general and small farmers in particular and consequently will pave the way for the socio-economic development of the country.
Punjab Kisan interest-free loan scheme:
Punjab government will provide Rs 13 billion to small farmers, as interest-free loans and also give smartphones, with an objective to improve the agriculture sector.
Vice-Chancellor Muhammad Nawaz Sharif University of Agriculture (MNSUA) Dr. Asif Ali, in a statement, informed that 4,50,000 small farmers would avail the facility of loans and smartphones in line with a multi-billion package, presented by Punjab government.
Punjab Kisan interest-free loan scheme amount for Rabi crops & Khareef crop:
“For Rabi crops, an amount of Rs 25,000 will be given against per acre while the loan amount will be enhanced to Rs 40,000 during Khareef crops season. It is the first time that the facility is also being given to tenants which will bring revolution in the agriculture sector
Punjab Farmer’s loan eligibility:
Farmers with 12.5 acres of land will be eligible for acquiring these loans. Punjab government will distribute the loans through banks and financial institutions and bear all mark-ups.
You can apply online for registration of CM Punjab Interest-free Loan Loan Scheme here and submit your data in the given forms and send it.