Government Distributes Rs640 Billion Interest-Free Loans to Farmers

ISLAMABAD: The government, under its flagship Agriculture Transformation Plan (ATP), disbursed around Rs640. 6 billion interest-free loans to near 3. 4 million farmers in all provinces while 0. 88 million Kissan cards were distributed in Punjab and Khyber Pakhtunkhwa, officials informed on Wednesday.

A meeting of National Coordination Committee (NCC) of the Agriculture Transformation Plan was held and chaired by federal minister of National Food Security and Research Syed Fakhar Imam. Talking on the occasion, Imam also appreciated the fast progress of Punjab with respect to disbursement of funds to the farmers via Kissan Card Scheme. Secretary agriculture Punjab briefed the minister that 780,000 Kissan cards had been distributed, saying that their target was to disburse one million cards until end-June 2022. He further said Rs4.

1 billion were paid out through the Kissan Card scheme in Punjab and over 5. 5 million transactions were made. Imam lauded the scheme saying, “never before such a system was developed where the farmers were given subsidy directly by the government. ” Agriculture Secretary of KP said they had distributed 100,000 cards and disbursed Rs 475 million.

Imam said termed quality of seed as one of the primary factors that decide the productivity of a crop. The minister appreciated the efforts of MD Punjab Seed Cooperation in providing quality seed to the farmers.

Original Link: https://www.thenews.com.pk/print/930351-govt-distributes-rs640-billion-interest-free-loans-to-farmers