The Punjab Kisan Bank has been set up to support farmers, offering loans of up to 150,000 rupees. Chief Minister Maryam Nawaz and PML-N President Nawaz Sharif decided on it in a meeting.
Key Decisions About Punjab Kisan Bank
- Punjab Kisan Bank: The bank offers loans of up to 150,000 rupees to farmers.
- 2Green Tractor Scheme: The number of available tractors increased by 10,000. Small tractors get a 70% subsidy. Large tractors get a 50% subsidy.
- High-Tech Mechanization Program: Local manufacturing of harvesters and agricultural equipment. Incentives for foreign companies to take part.
- Oilseed Promotion Program: It encourages the production of oilseeds in various regions of Punjab.
Meeting Highlights
- Kisan Package: A comprehensive package aimed at supporting farmers.
- Solarization and Drip Irrigation: Reviewed for tube wells and irrigation systems.
The Historic Farmer Package is valued at 400 billion rupees. It offers various benefits through the Punjab Kisan Card.
Benefits for farmers
These initiatives aim to ensure the prosperity of farmers and boost agricultural production. Key benefits include:
- Easy access to loans.
- Subsidies on tractors.
- Support for high-tech agricultural equipment.
- Promotion of oilseed production.
What is the Punjab Kisan Bank?
The Punjab Kisan Bank is a newly established bank that aims to provide easy loans to farmers. Farmers can access loans of up to 150,000 rupees through this bank.
What subsidies are available under the Green Tractor Scheme?
The Green Tractor Scheme offers a 70% subsidy on small tractors and a 50% subsidy on large tractors.
Conclusion
The Punjab Kisan Card and Green Tractor Scheme are major initiatives. They aim to support farmers and boost farm productivity.
Punjab Kisan Card:
- Provides farmers with access to a comprehensive package of benefits.
- Valued at approximately 400 billion rupees, the offering provides various advantages.
Green Tractor Scheme:
- The company offers many subsidies on both small and large tractors.
- Small tractors receive a 70% subsidy, whereas large tractors receive a 50% subsidy.
These initiatives show the government’s commitment. They are for ensuring the welfare and prosperity of farmers in Punjab. They will foster growth and sustainability in agriculture.
Also Read: BISP Monthly Payment New Update 2024 (July)
FAQs
What is the Punjab Kisan Card?
The Punjab Kisan Card is a full package aimed at supporting farmers. It provides them with many benefits worth 400 billion rupees.
What subsidies are available under the Green Tractor Scheme?
Under the Green Tractor Scheme, farmers can get a 70% subsidy on small tractors. They can also get a 50% subsidy on large tractors.