Punjab announces 'Kisan Dost Package' of Rs64.60bn in budget 2024-25
Business
Govt has announced provision of interest-free loans to 500,000 farmers
LAHORE (APP) - The Punjab government has announced historical and revolutionary “Kisan Dost Package” allocating a huge amount of Rs 64.60 billion for the fiscal year 2024-25, besides proposing interest free loans.
Punjab Finance Minister Mian Mujtaba Shujaur Rehman said the project with an amount of Rs75 billion has been announced and 500,000 farmers will be given interest free loans.
Chief Minister Solarization of Agriculture Tubewells will be launched and under the initiative some 7,000 tubewells will be shifted to solar with an amount of Rs9 billion.
Another Rs30 billion have been allocated for the provision of tractors to farmers on easy interest free installments, under Chief minister Green Tractor Scheme, furthermore Rs1.25 billion will be spent on establishment of Model Agricultural Malls across Punjab while another Rs2 billion have been allocated for “Livestock card”, under which farmers will be given loans on easy installments for dairy farming in their villages.
Another project for the provincial capital “Model Fish Market” has been announced with Rs 5 billion while Rs 8 billion have been allocated for Aquaculture Shrimp Farming initiative.
