BAHAWALPUR (APP): Provincial Minister for Cooperative, Malik Muhammad Iqbal Channer has said that Rs. 100 billion Khadim-e-Punjab kisan package would strengthen agro based economic infrastructure in the rural areas of 36 districts of Punjab.
He further said that this would institutionalize fiscal intervention which is aimed to provide soft loans, subsidized electricity for agro tube wells and fertilizers for the farmers.
Rupees 100 billion Kisan Package is an effective and solid economic relief mechanism which is aimed to provide subsidized agro inputs to the farmers and to boost the per acre yield of crops,Muhammad Iqbal Channer said.
He said that economy of Pakistan is based on agriculture and more than 40 million people are engaged in this sector.
Minister said that federal government is also committed through its 350 billion economic relief package to extend economic relief to the cotton and rice growers to mitigate their economic losses by extending fiscal relief to millions of farmers in
He further noted that federal government has also earmarked a massive fund of Rs. 14 billion to supply subsidized electricity for agro tube wells by lowering the price regime from 8.85 rupees per unit to 5.35 rupees per unit.
The ceremony was attended by MPA Qazi Adnan Farid, MPA Fouzia Ayub Qureshi, MPA Hasina Naaz, EDO Agriculture Bahawalpur Chaudhry Tanveer Ahmad, Zonal Chief Agricultural Development Bank, officers of the Agriculture Department and a large number of farmers and growers.
EDO agriculture also highlighted various features of Khadim-e-Punjab kisan package which include Rs. 3 billion for manufacturing new breed of seeds, Rs. 1 billion and 200 million for establishing service centers of modern agriculture equipment.
EDO further said that Khadim-e-Punjab Kisan Package is a focused intervention which would spend Rs. 39 billion to extend interest free loans to landless peasants and subsidized Urea and DAP to the peasants which would enhance the profile of productivity of 31 million acres of agricultural land in the province.