Minister for National Food Security and Research Tariq Bashir Cheema Tuesday said over 1.2 million agriculture tube-wells would be switched to solar energy to reduce input cost and enhance farm income, particularly that of the small land holders.
Addressing a press conference, the minister said that a task force was being formed to finalize modalities and engage commercial banks to finance the facility. Under the facility, the farmers would have to repay the loans in installments up to three years.
He said, the initiative has been taken on the directives of Prime Minister, Shehbaz Sharif, who has also asked for formulating short and long term policies to ensure tangible results in shortest possible time with focus on reviving agriculture sector for maintaining food safety and security as well as prosperity of farming communities.
While reaffirming the government’s commitment to ensure proper rate of return to the farmers for their produces as well as enhancing the output of all major and minor crops, he said that recommendation for cotton intervention price was finalized and put on agenda of next meeting of Cabinet for approval.
He said that the initiative was aiming at encouraging the farmers to bring maximum areas under cultivation of this crop of vital importance, adding that area under crop sowing during last season reduced by 37 percent, which was replaced by rice, maize and sugarcane.
The minister further informed that government was also keen to announce minimum support price for wheat before the start of the sowing season in order to encourage farmers to sow more wheat for attaining self-sufficiency in staple grains production and reduce reliance on imported wheat and edible oil that were enhancing pressure on much needed foreign exchange reserves.
The minister said that government was aware of rising inflation and the problems being faced by the common man in the country, adding that steps were taken to protect them from the inflationary pressures.
He said that government through its Utility Stores Corporation network was ensuring provision of essential commodities on controlled rates and provided wheat, flour and other commodities during the holy month of Ramzan.