You are currently viewing Rs150bn loan to farmers for Rabi and Kharif crops

Rs150bn loan to farmers for Rabi and Kharif crops

Rs150bn loan to farmers for Rabi and Kharif crops.

In a pivotal gathering convened under the leadership of Punjab Chief Minister Maryam Nawaz, and with the notable presence of former Prime Minister Nawaz Sharif, paramount attention was directed towards tackling the pressing challenges besieging the province’s agriculture sector.

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This high-profile meeting, solely dedicated to addressing agricultural issues, underscored the imperative of surmounting persistent obstacles impeding the sector’s advancement. With a comprehensive briefing by the agriculture secretary, the session delved into a detailed examination of the prevailing challenges confronting Punjab’s agricultural landscape. A key concern highlighted by Nawaz Sharif was the enduring issue of substandard quality seeds persisting for over four decades.

Furthermore, significant focus was placed on the optimal utilization of water resources in Punjab. Nawaz Sharif fervently advocated for water conservation efforts, emphasizing the preservation of a staggering 37 million acre-feet of water to combat wastage. He accentuated the urgency of embracing modern irrigation techniques to maximize water efficiency, projecting the potential to conserve 1.7 million acre-feet of water through the installation of 7,300 tube wells.

The meeting also deliberated on extending financial assistance to farmers, with proposals to earmark a substantial Rs150 billion loan for both Rabi and Kharif crops. Nawaz Sharif emphasized streamlining the loan application process to expedite access to funds for farmers in need.

Chief Minister Maryam Nawaz stressed the paramount importance of instituting a robust monitoring and feedback mechanism to ensure the seamless implementation of the loan scheme. Additionally, the meeting greenlit a pilot project aimed at bolstering agricultural services at the grassroots level through the recruitment of agriculture officers and field assistants.

Moreover, strategic plans were outlined to establish model agriculture centers across each district, serving as hubs for farmer facilitation and the enhancement of agricultural techniques. Furthermore, concerted efforts were pledged to amend the Fertilizer and Pesticide Act to fortify regulatory frameworks within the agriculture sector.

The collective decisions emanating from this significant meeting underscore the government’s unwavering dedication to rejuvenating Punjab’s agriculture sector and safeguarding the welfare of its farmers.

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