Punjab govt. grants interest-free loans to 165,000 farmers

Punjab govt. grants interest-free loans to 165,000 farmers

Islamabad (Staff Report): Chief Minister of Punjab Shahbaz Sharif granted 165,000 farmers in Punjab with interest-free loans under a package introduced by Punjab government.

Punjab Agriculture Secretary Muhammad Mehmood confirmed that 165,000 farmers have been granted interest-free loans issued for Rabi & Kharif crops, Rs 25,000 and Rs 40,000 per acre respectively.

Earlier, CM Punjab Shahbaz Sharif talked to media about the huge potential in the agriculture industry, livestock and dairy farming.

He expressed that if the effort is made to boost agriculture sector it would counter the challenges of economy of Pakistan and unemployment in the country however, interest-free loans are necessary Thus for the promotion of agriculture sector. It will empower small farmers of Pakistan and bring growth and development in the country.

CM of Punjab also said that small farmers would prosper due to the interest-free loan and the best, latest technology should be used to ensure transparency in interest-free program.