Last Updated on: 19th June 2024, 09:14 am
Punjab Chief Minister Maryam Nawaz Sharif on Friday approved the Kisan Card project. The aim of this scheme is to improve the socio-economic situation of farmers. Through the Kisan Card, 500,000 large and small farmers in Punjab will be able to access loans on concessional terms.
In addition, the card offers various types of subsidies that will enable an increase in agricultural production. This increase in production is expected to lead to significant growth in the agricultural sector.
Easy Way to Receive Your Punjab Kisan Card
Maryam Nawaz Sharif stressed that every farmer with the Kisan Card will have the opportunity to get a loan of up to Rs 1.5 lakh per farming season. This financial assistance can be used for purchasing fertilizers, seeds, and other agricultural goods.
He stressed that NADRA will verify the identity of the farmer to ensure that the applicant is not in debt with any financial institution. The loans are interest-free and can be repaid in single installments over a period of six months, after which farmers can apply for a new loan.
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Kisan Card Application Process
The Kisan Card project plans to distribute agricultural loans totaling Rs 300 crore to farmers every year. This initiative is expected to benefit 500,000 farmers in Punjab who own up to 12.5 hectares of agricultural land. To be eligible for the Kisan Card, the land must be registered with the Land Registry and the applicant’s mobile SIM card must be linked to their ID Card number.
What are the Advantages of Kisan Card
The Punjab government has introduced the Kisan Card for several reasons:
- Subsidies to farmers: Provide financial support to ensure affordability.
- Increased production: Enable farmers to purchase essential inputs to increase yield.
- Increased income: Help farmers improve their income through increased productivity.
- Fighting Poverty: Contribute to the economic upliftment of the farming community.
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Access to Modern Agricultural Equipment
Farmers in Punjab will benefit from Kisan Card irrespective of the size of their land. Rising inflation in the country has made it difficult for farmers to earn a living. In response, Maryam Nawaz, the first woman Chief Minister of Punjab, presented this card.
The government will provide a grant of Rs 150 billion to support poor farmers. Loans of up to Rs 30,000 per hectare will be offered on concessional terms to continue farming activities. In addition, Maryam Nawaz announced the establishment of model farming centres in collaboration with the private sector across Punjab.
The government will also distribute 24,800 units of modern agricultural equipment at a cost of Rs 7,000 crore.
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Last Words
Chief Minister Maryam Nawaz Sharif started the Punjab Kisan Card registration process. The project aims to provide agricultural credit worth Rs 300 billion annually, benefiting 500,000 farmers in Punjab with land holdings of up to 12.5 hectares. To apply, farmers need to register their land with the Land Registration Centre and ensure that their mobile SIM card is registered with their ID Card number.
This initiative is expected to provide significant support to the agricultural sector and improve the living standards of farmers in Punjab.