Farmer Gets Upto 150,000 Loan through Punjab Kisan Bank

In a significant move to support farmers, the Punjab Kisan Bank has been established, offering loans of up to 150,000 rupees. This decision was taken in a meeting chaired by Punjab Chief Minister Maryam Nawaz and PML-N President Nawaz Sharif.

Key Decisions Regarding Punjab Kisan Bank

During the meeting, several initiatives were introduced to boost the agricultural sector:

• Punjab Kisan Bank: Provides loans up to 150,000 rupees to farmers.
• Green Tractor Scheme: Increased the number of tractors available by 10,000, with a 70% subsidy on small tractors and a 50% subsidy on large tractors.
• High-Tech Mechanization Program: Local manufacturing of harvesters and agricultural equipment with incentives for foreign companies.
• Oilseed Promotion Program: Encourages the production of oilseeds in different regions of Punjab.

Meeting Highlights

• Kisan Package: A comprehensive package to support farmers.
• Solarization and Drip Irrigation: Reviewed for tube wells and irrigation systems.
• Historic Farmer Package: Worth 400 billion rupees, offering various benefits through the Kisan Card.

Benefits for Farmers

The initiatives are designed to ensure the prosperity of farmers and increase agricultural production. Key benefits include:

• Easy access to loans
• Subsidies on tractors
• Support for high-tech agricultural equipment
• Promotion of oilseed production

Also Read: 1,25,000 Houses Scheme by CM Murad Ali Shah

Conclusion

The establishment of the Punjab Kisan Bank and other initiatives mark a significant step towards improving the agricultural sector in Punjab. With substantial financial support, subsidies, and modern equipment, farmers are set to experience increased prosperity and productivity.

For more information, visit the official Punjab government website or contact your local agricultural office.