Punjab CM Maryam Nawaz announces new farm loans and Apna Kisan Bank
Punjab Chief Minister Maryam Nawaz Sharif announced ten major agricultural initiatives in Lahore on Wednesday.
New bank and loan limits
The chief minister established the province's first Apna Kisan Bank to support local agriculture. Farmers can now access interest-free loans of up to Rs10 million or Rs300 million at a two per cent rate. The government also increased the Kisan Card financing limit from Rs30,000 to Rs33,500 per acre for fertiliser purchases.
Subsidised funding and wheat prices
Officials stated that Rs17 billion in subsidised agricultural loans are available for cultivation around five million acres. The administration confirmed it would implement the federal government's decision to set the wheat support price at Rs4,500 per maund.
Olive cultivation and mechanisation
A special package was introduced specifically for olive cultivation within the province. The chief minister highlighted ongoing efforts regarding farm mechanisation and agro-processing to boost exports.
2 outlets, different leads
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Associated Press of Pakistan
Punjab govt to invest in farm mechanisation, agro-processing and exports: CM
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Dawn
Punjab CM announces establishment of Apna Kisan Bank
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2 independent outlets. Headlines as published. Links open the original report.