Maryam Nawaz Announces Interest-Free Loans of Up to Rs10 Million for Punjab Farmers
Punjab to establish its first Apna Kisan Bank; loans of Rs30 million to carry 2% interest and Rs50 million loans 5% interest; Kisan Card limit increased to Rs33,500 per acre
LAHORE: Punjab Chief Minister Maryam Nawaz has announced a series of major initiatives for small, medium and large-scale farmers, including interest-free loans of up to Rs10 million to support the agricultural sector.
The announcements were made during a meeting with representatives of farmers from across Punjab, where the chief minister assured participants that their suggestions and recommendations would be implemented gradually.
During the meeting, farmers appreciated the introduction of the Kisan Card and praised the initiative as a key instrument for promoting agricultural development and supporting the farming community.
Maryam Nawaz announced the establishment of Punjab’s first-ever Apna Kisan Bank to provide financial facilities to farmers.
Under the proposed financing package, farmers will be able to obtain loans of up to Rs10 million at zero markup. Loans of up to Rs30 million will carry an interest rate of 2 per cent, while loans of up to Rs50 million will be offered at an interest rate of 5 per cent.
The chief minister also announced an increase in the financial assistance provided through the Kisan Card. The existing loan facility of Rs30,000 per acre will be increased by Rs3,500 to Rs33,500 per acre.
She further announced measures to ensure the implementation of the wheat support price of Rs4,500 per unit for procurement.
Other initiatives announced during the meeting included the continuation of a province-wide campaign against water theft and measures to ensure the cleaning and maintenance of canals.
Maryam Nawaz also announced a special package to promote olive cultivation in Punjab, aiming to encourage crop diversification and strengthen the agricultural economy.
The chief minister reiterated the provincial government’s commitment to addressing farmers’ concerns and improving access to financial assistance, irrigation facilities and agricultural support programmes.
