LAHORE: Lahore-9 As many as 173,000 small farmers have been given interest-free loans in a period of 10 months under the Khadim-e-Punjab Kisan package.
A spokesman for the Punjab Agriculture Department disclosed this here on Saturday. He said Rs 40,000 per acre were being given for Kharif, while Rs 25,000 for Rabi. Interest-free loans of Rs 100 billion were being given to farmers who have 12.5 acres of land, he added.
The spokesman said 600,000 farmers would be given loans in Punjab and farmers, who have five acres of land, were given loans on priority basis.
“Interest-free loan would be given for the next crop if the previous loan is timely paid,” he added. Farmers would be given token after registration and the relevant bank and department would contact those farmers who will meet the eligibility criteria.
He said the registration date has been extended till Nov 30 and interested farmers could contact on 0800-29000, 0800-15000 for further guidance.
