ECC approves Rs20.2 billion for SAP, flood-hit farmers
Pakistan
Meeting of ECC of cabinet committee was virtually presided over by Finance Minister Ishaq Dar.
ISLAMABAD (Dunya News) - The Economic Coordination Committee (ECC) of the cabinet on Monday approved technical supplementary grants (TSGs) of Rs20.2 billion for Sustainable Development Goals Achievement Program (SAP) and flood-affected farmers.
The meeting of the cabinet committee was virtually presided over by Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar, according to press statement issued by finance ministry.
According to the details, ECC approved TSG of Rs.17 billion to finance schemes under SAP. The amount would be utilized for financing the urban/rural infrastructure and social development schemes for areas deprived so far across the country.
It also approved TSG of Rs3.2 billion for Ministry of National Food Security and Research (MNFS&R) to support flood affected farmers.
The grant has been approved keeping in view of the heavy damages to the Agriculture sector due to recent rains and floods and to support flood affected farmers in the country.
The amount would subsequently be transferred to NDMA for procurement and distribution of wheat seed to flood affected districts.
Additional funds to the tune of Rs. 3.4 billion will also be made available to the MNFS&R, out of which 50% of funds would be provided by the federal government and 50% by the provincial governments.
The cabinet committee deferred TSG summary for conduct of 7th population and housing census, the statement added.
