Khadim loans for farmers of 50 acres of land under Punjab farmers package
Khadim Punjab Kisan Package loans for farmers of 50 acres of land is launched. Punjab government includes owners of 50 acres in E-Credit scheme. The Punjab government has included farmers having land up to 50 acres in E-Credit scheme. The Punjab government gave interest free loans to 314,000 farmers in the province with an objective to promote agriculture sector and provide relief to the farming community.
Khadim-E-Punjab Kissan Package Details:
The owners of up to 50 acres land will get loan on subsidised rates. The government is disbursing Rs40,000 per acre for Kharif season crops during this fiscal year. Under E-Credit scheme, farmer can get loan from Akhuwat, National Rural Support Programme, Telenor Bank, National Bank of Pakistan and Zari Taraqiyati Bank of Pakistan.
The criteria to get load is that the farmers will have to visit offices of Land Record Management and reproduce their original CNIC, mobile numbers and other details of their land. Staff will issue token and if a farmer succeeds up to their merit then bank will call him for loan. The government has also provided smartphones to registered farmers under Khadim-E-Punjab Kissan Package and they will get informed about loan status through special application of this smart phones.
The interest free loan, according to the spokesman, contributes a lot in achieving 5.75 per cent growth rate in agriculture sector.
For further information, the farmers could contact at 0800-15000 and 0800-29000. The government would also extending information through smart phones.