Cm Kissan Package: Farmers to get interest-free loans

LAHORE: The Land Record Management Information System on Monday started registering names of farmers seeking to acquire interest-free loans through smartphones under the mobile-assisted farming initiative started by the Punjab government. In the first phase, Rs80 billion will be distributed among farmers and 144 land record centres working in almost all tehsils will remain open from 4pm to 8pm for registration process. The initiative is part of the Chief Minister’s Kissan Package 2016 aimed at increasing farmers’ income. Loan distribution will be increased to Rs100 billion and smartphones will be given to over five million small farmers over the next five years. Around 0.45 million small farmers, having less than 12.5 acres of land, will be given interest-free loans in the province.

Published in The Express Tribune, September 20^th, 2016.

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