The government has provided Rs1,057 million for mark-up subsidy and a risk-sharing scheme for farm mechanization to enhance per-acre farm income in the country.
The amount was disbursed among 507 borrowers by the end of the last fiscal year under Prime Minister Kissan Package, said an official in the Ministry of National Food Security and Research.
He said that under the scheme, Rs992 million was provided to about 477 farmers in Punjab Province, and 13 borrowers of Sindh were provided Rs28 million under the scheme, he said adding that an amount of Rs15 million was disbursed among six farmers of Khyber Pakhtunkhwa (KP) and Rs22 million was provided to 11 borrowers from Balochistan.
“Meanwhile, the government has disbursed Rs12,817 million under Prime Minister Youth Agriculture Loan Scheme in order to encourage youth towards agriculture entrepreneurship as well as promote the agriculture and livestock sector in the country.”—APP
