Nawaz Sharif Kisan Card in Punjab For Eligible Farmers
Maryam Nawaz Sharif, the Chief Minister of Punjab, has announced the implementation of the Kisan Card across the province starting on April 2, 2024. The primary goal of the Kisan Card is to provide farmers with financial security to enhance their agricultural activities. With the Kisan Card, farmers will receive subsidies on fertilizer and agricultural tools. Additionally, loans covered by the Kisan Card scheme will be forgiven, and farmers who owe more than half of their original loan balance will be required to repay it. Farmers are encouraged to sign up for the Kisan Card Scheme as soon as possible to take full advantage of these benefits.
Key Features of the Program
The Punjab government has outlined several important features of the Kisan Card program, showcasing how farmers and property owners can benefit:
Financial Support: All farmers and growers will receive financial support through the Maryam Nawaz Kisan Card.
Subsidies and Social Protection: The government will provide social protection and targeted subsidies to Kisan Card holders.
Price Reduction: Farmers with Kisan Cards will get a 20 percent price reduction on ingredients and fertilizers.
Loan Access: Farmers can borrow up to 20 lakhs from the Bank of Punjab with a Kisan Card.
Large-Scale Loan: Interested farmers will have access to a 469 billion rupee loan through the Kisan Card Scheme.
Program Details
| Topic | Description |
|---|---|
| Announcement | Punjab Government announces Kisan Card Scheme in 2024 |
| Main Objective | Provide financial security to farmers for agricultural expansion |
| Benefits | Subsidy on fertilizer and tools, interest-free loans up to 20 lakhs, access to a 469 billion rupee loan |
| Eligibility | Owns more than four acres of land, no previous loan default, unable to purchase farming equipment, currently under Kisan Relief Program |
Eligibility Criteria
The Punjab government has set eligibility criteria for the Kisan Card Scheme. To qualify for a Kisan Card, applicants must meet the following requirements:
Land Ownership: Farmers or property owners must own more than four acres of agricultural land.
Loan History: Farmers who have never defaulted on a loan and have made timely payments.
Equipment Purchase: Farmers who are currently unable to buy farming equipment.
Current Relief: Farmers already covered under the Kisan Relief Program.
READ MORE: Registration Method For Kisan Card For Farmers
Nawaz Sharif Kisan Card in Punjab For Eligible Farmers
FAQs
Who is eligible for the Kisan Card?
Farmers or property owners who own more than four acres of agricultural land.
What are the benefits of the Kisan Card?
Subsidy on fertilizer and tools.
Interest-free loans up to 20 lakhs.
Access to a 469 billion rupee loan.
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Additional Information
For further details, farmers are encouraged to join the official WhatsApp group and stay updated on the latest developments and verification methods related to various government support programs, including the Benazir Income Support Program (BISP) and the Benazir Taleemi Wazaif Program 2024.
