Exciting Update: Key Features of Nawaz Sharif Kisan Card in 2024

Maryam Nawaz Sharif, the chief minister of Punjab, has decided to implement the Kisan Card across the province starting on April 2, 2024. The main objective of the Kisan Card is to give farmers financial security to expand their agricultural activities. Using a Kisan Card, farmers will receive a subsidy when purchasing fertilizer and agricultural tools. In addition, the loans for farmers covered by the Kisan Cards scheme will be forgiven, and farmers who have more than half of their original loan balance will be required to repay it. Therefore, farmers must sign up for the Kisan Card Scheme as soon as possible to take advantage of all the benefits.

Key Features of the Program

You can view how farmers and property owners can benefit from the Kisan Card after the Punjab government gave a few important elements of the program.

  • All farmers and growers will receive financial support through the Maryam Nawaz Kisan Card.
  • The government will provide social protection and targeted subsidies to the owners of Kisan Cards.
  • Punjab will provide farmers keeping Kisan cards with a 20 percent price reduction on ingredients and fertilizers.
  • Farmers with Kisan Cards will be able to borrow up to 20 lakhs from Bank of Punjab.
  • Interested farmers will receive a 469 billion rupee loan through the Kisan Card Scheme.
TopicDescription
AnnouncementPunjab Government announces Kisan Card Scheme in 2024
Main ObjectiveProvide financial security to farmers for agricultural expansion
BenefitsSubsidy on fertilizer and tools Interest free loans up to 20 lakhs Access to 469 billion rupee loan
EligibilityOwns more than four acres of land No previous loan default Unable to purchase farming equipment Currently under Kisan Relief Program

Also Read: Easy Method for Verification in Benazir Taleemi Wazaif Program 2024

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Eligibility Criteria

The Punjab government has announced eligibility criteria for people who are interested in the Kisan Card Scheme. You are aware that for people to get a Kisan Card, they must meet the criteria for eligibility given below.

  • A Kisan card is available to farmers or property owners who own more than four acres of agricultural land.
  • A Kisan Card will be issued to farmers who have never taken out a loan and made their payments on schedule.
  • Moreover, Kisan Cards will be provided to farmers who are no longer able to buy their farming equipment.
  • Also, the Kisan Card Scheme will provide more protection for the farmers who are currently covered under the Kisan Relief Program.

Also Read: BISP Verification! Verify Your Benazir Income Support Program Account Now 2024

FAQs

Which people are eligible for the Kisan Card?

Kisan card is available to farmers or property owners who own more than four acres of agricultural land.

What are the benefits of the Kisan Card?

  • Subsidy on fertilizer and tools.
  • Interest-free loans up to 20 lakhs.
  • Access to a 469 billion rupee loan.
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