Major Loan Increase for Farmers
The Punjab government has introduced a game-changing development aimed at revitalizing the agricultural sector. In the second phase of the Punjab Kisan Card Phase 2, the loan amount per acre has been significantly raised. Previously set at Rs. 30,000, farmers can now access up to Rs. 40,000 per acre, marking a crucial step in enhancing agricultural productivity. This increase not only offers financial relief but also shows the government’s commitment to supporting the farming community. With these loans, farmers will have the means to equip their fields with modern resources and technologies.
Moreover, alongside the loan increase, the Punjab government has unveiled a new diesel subsidy for farmers. By using the Kisan Card, farmers will pay only 30% of the cost upfront, while the remaining 25% will be deducted directly from their card balance. Additionally, model agricultural malls in cities like Sahiwal, Multan, Bahawalpur, and Sargodha are nearing completion. These malls will serve as centers where farmers can access machinery, tools, and farming expertise under one roof.
The loan repayment for the first phase will be finalized between April 15 and May 15, after which interest-free loans for Phase 2 will be distributed starting May 16. This time, a massive Rs. 75 billion will be allocated, marking a historic investment in the country’s agricultural future. For those interested in benefiting from this groundbreaking scheme, continue reading for detailed registration and application procedures.
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Loan Amount Raised To Rs. 40,000 per Acre
A significant part of this initiative is the increased loan amount. The original loan limit of Rs 30,000 per acre has now been changed to Rs 40,000 per acre. This will provide farmers with more funds to invest in high-quality inputs like seeds, fertilizers, and pesticides, along with necessary farming equipment. This step will improve farm productivity, allowing farmers to meet the growing food demand of the province.
Provincial Agriculture Minister Syed Ashiq Hussain Kirmani highlighted that this loan increase will help boost crop yields, thereby ensuring Punjab’s food security.
Rs. 75 Billion Allocated for Kharif Season Loans
For the second phase of the Punjab Kisan Card, the government has allocated a massive Rs. 75 billion for interest-free loans. These loans will be distributed to registered Kisan Cardholders and will primarily support farmers during the Kharif season, which includes crops like cotton, sugarcane, maize, and rice.
Farmers benefiting from this scheme will receive loans with zero interest, meaning they will only need to repay the principal amount. This initiative not only aids small farmers but also motivates them to adopt advanced agricultural practices.
Loan Repayment for Phase 1 Set for April- May 2025
Farmers who availed loans under the first phase of the Kisan Card will need to repay their loans between April 15 and May 15, 2025. Only after the successful recovery of these loans will the Phase 2 loans be disbursed, starting from May 16, 2025.
The Punjab Agriculture Department is ensuring the loan recovery process is farmer-friendly, aiming to prevent any undue pressure. Farmers who repay their loans on time will be prioritized for new loan distributions.
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New Diesel Discount Scheme for Farmers
In another initiative aimed at reducing costs for farmers, the Punjab government has introduced a new diesel subsidy program. Through this scheme, farmers will be able to purchase diesel for their tractors and tube wells with 30% of the cost paid in cash, while 25% will be covered by the Kisan Card. This initiative is particularly helpful for small-scale farmers who face the rising costs of fuel.
Agricultural Malls Near Completion
A key component of Phase 2 is the development of model agricultural malls in Sahiwal, Multan, Bahawalpur, and Sargodha, where 80% of the work has already been completed. These malls, expected to be fully operational by June 2025, will offer farmers access to modern farming tools, seeds, fertilizers, and expert advice, all in one place. This is part of the government’s push for agricultural modernization and efficiency.
Expansion Plans: 8 New Agricultural Malls on the Horizon
The Punjab government has also proposed the construction of 8 more model agricultural malls to extend the benefits of modern farming solutions to additional districts in Punjab. This expansion aims to ensure that farmers across the province can benefit equally from these transformative agricultural developments.
Why the Kisan Card Phase 2 is a Game-Changer
This is more than just a loan scheme update. The second phase of the Punjab Kisan Card marks a digital revolution in agricultural financing, providing farmers with biometric verification and digital record-keeping to ensure transparency and minimize corruption. The program ensures timely and direct support to farmers’ bank accounts, allowing them to avoid relying on exploitative moneylenders.
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How to Register for Kisan Card Phase 2
Farmers interested in registering for the second phase of the Kisan Card must meet the following criteria:
- Be a resident of Punjab.
- Have a valid CNIC and land records.
- Visit the nearest Punjab Agriculture Department office or access the official Kisan Card portal (link to be provided soon).
Detailed registration instructions will be issued soon, and farmers are encouraged to have their documents ready.
Chief Minister’s Message to Farmers
Agriculture Minister Syed Ashiq Hussain Kirmani expressed the government’s dedication to standing by farmers, stating: “Our government is firmly committed to supporting farmers. By increasing loan limits and expanding agricultural facilities, we are ensuring that agriculture remains the backbone of Punjab’s economy.”
Conclusion
Phase 2 of the Punjab Kisan Card represents a significant shift toward agricultural modernization. The loan limit increase, diesel subsidies, and the establishment of model agricultural malls all directly address the challenges farmers face. If successfully implemented, this program could serve as a model for agricultural development across Pakistan, drastically improving the prospects for rural communities.
For updates, registration details, and more information about government schemes for farmers, stay connected with punjabschemes.com, your go-to platform for authentic agricultural news.