Agriculture: Punjab to expand e-credit scheme

MULTAN: The Punjab government has notified plans to expand the e-credit scheme in the better interest of growers.

According to the Agriculture Department spokesman, in the first phase of the scheme, interest-free loans have been disbursed to more than 300,000 growers.

Previously, he stated, Rs25,000 per acre was being offered to the farmers sowing crops in the Rabi season as interest-free agricultural loans. “Now, the provincial government has decided to revise the amount upwards to Rs30,000 per acre,” the spokesperson said. “Growers can avail of the loan from National Bank of Pakistan, Akhuwat (interest-free microfinance programme), National Rural Support Programme, etc.”

He emphasised that the programme had played an effective role in ensuring prosperity of the growers and loans were being provided in a transparent manner. He added that the growers could get registered free of cost at the tehsil land record centre along with the land record.

Published in The Express Tribune, December 2^nd, 2018.

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