BREAKING NEWS: Punjab Government will give a Rs. 150 Billion loan to Farmer through the “Nawaz Sharif Kisan Card” Latest Update 2024

The “Nawaz Sharif Kisan Card,” which was recently approved by the Punjab government, represents a major advancement in the field of agricultural growth. With a budget of Rs 150 billion, this program seeks to empower farmers throughout the province by giving them easy access to capital and cutting-edge farming tools. This is a detailed description of the project’s objectives and potential benefits to Punjab’s farming community.

Rs. 150 Billion loan to Farmer via Kisan Card

The Chief Minister announced today that five hundred thousand small farmers would receive easy-to-repay loans totaling 150  billion rupees while presiding over a special meeting for agricultural reforms in Lahore.

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Advantages to 500,000 farmers

Chief Minister Nawaz gave his approval for the “Nawaz Sharif Kisan Card” to be issued during the meeting. She declared that the Kisan Card would provide 500,000 farmers with loans of Rs. 150 billion per year on advantageous terms. The best seeds, fertilizers, and insecticides will also be purchased with thirty thousand rupees per acre, according to her.

Constructing a model agriculture center in 2024

CM Maryam Nawaz announced during the meeting that a model agriculture center will be constructed in each district of the province with the assistance of the commercial sector, enabling farmers to discard phony fertilizers and medications.

Connecting  research centers with local universities

The establishment of a cutting-edge center of excellence for research development on cotton, wheat, and rice crops was approved during the conference, and the Agriculture Department was instructed to gather thorough information on the supply and demand for each crop. The conference attendees voted to grant the board control over administrative decisions and to establish a connection between the research center and nearby universities.

Key PointsDetails
Loan AmountRs. 150 Billion was allocated for loans to 500,000 small farmers through the Kisan Card program
ObjectivesEmpower farmers by providing easy access to capital and modern farming tools
Model Agriculture CentersConstruction of model agriculture centers in each district to ensure quality inputs for farmers

Conclusion

In addition, it was decided to hire 500 agricultural graduates, update the Punjab Seed Corporation and Punjab Agricultural Research Board’s organizational structures, provide a bill that forbids the use of agricultural land for residential purposes, and outfit the Agricultural Extension Wing with cutting-edge machinery.

Also Read: New Update: 8171 Ehsaas Program 2024 (Registration Method & Eligibility Criteria)

FAQ’s

How many agricultural graduates will be hired for this program?

In addition, it was decided to hire 500 agricultural graduates.

How many farmers will get the benefit from the Nawaz sharif Kisan Card?

She declared that the Kisan Card would provide 500,000 farmers with loans of Rs. 150 billion per year on advantageous terms.

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