Punjab Co-op dept advancing Rs5b loans to farmers

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Lahore—The Co-operative Department Punjab on the special directive of the Chief Minister Muhammad Shahbaz Sharif is disbursing production loans of 5 billion rupees to farmers for Kharif and Rabi crops on soft terms and conditions through 255 co-operative societies across the province. The Minister Co-operative Punjab Muhammad Iqbal Channer in an interview with this scribe here on Thursday said that at least 2,21,000 genuine farmers members of small holding are getting hassle free loans under one window operation throughout the province. He said that in order to fully ensure transparent disbursement of loans, the agricultural land documents of all loanees are checked well ahead of time through scanner system installed at 181 co-operative societies in the province and without proper verification of land documents no loans is advanced.
He said that Pakistan Muslim Government under the dynamic and sagacious leadership of Chief Minister is fully committed to ensure fair, free and transparent loans to all irrespective of their political affiliations on merit. He said a sum of rupees 300 million in addition to rupees 5 billion is also being given to farmer members for promotion of livestock, dairy development, agricultural and cattle farming in the province. Channer said that record of all co-operative societies is also being computerised at a cost of re. 95.349 to avoid any fraud and plug all sorts of pilferage. He said another amount of rupees 204 has been earmarked under annual development plan for the executive of small scale projects at tehsil level in the province besides a matching grant of rupees 850 million.
Responding to a question regarding milk collection centres, The minister said that an amount of rupees 300 is being spent with collaboration of international agency on better application techniques for milk collection and its network has been extended to another 11 districts after Vehari. To another question, Muhammad Iqbal Channer said that Co-operative Training College, Faisalabad has been upgraded at cost of rupees 159 million and additional funds amounting to rupees 45 million set aside for up-gradation of Regional Co-operative Training College, Bahalwapur.

Dr Waqar Ch