Punjab Flagship Update: CM Kissan Card Scheme
To provide subsidized loans and farm inputs for the welfare of farmers
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The Government of Punjab has listed CM Kissan Card Scheme under flagship projects.
The "CM Punjab Kissan Card" initiative, launched by the Punjab Agriculture Department in collaboration with the Punjab Information Technology Board (PITB), is a comprehensive digital ecosystem that brings various departments such as PLRA, PMD, NADRA, and BOP together under a single framework. This initiative introduces the CM Punjab Kissan Card, a government-issued tool that offers farmers interest-free loans ranging from sowing to harvesting, simplifying access to essential agricultural inputs like fertilizers and seeds through authorized vendors. Each card, valid for six months, permits farmers to obtain up to Rs. 1.5 lac per season, capped at Rs. 30,000 per acre, with the scheme catering to landholders owning between 1 to 12.5 acres. The project, estimated to cost about Rs. 9.5 billion per season, aims to enhance crop yield and productivity while promoting financial inclusion through free SMS notifications about transactions. A one-month grace period is provided after the six months for debt repayment or fund returns, ensuring flexibility for the farmers.
Read more on the official portal: https://www.punjab.gov.pk/cm-kissan-card-scheme