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25-Acre Farmers in Kisan Card Phase 2
25-Acre Farmers in Kisan Card Phase 2. The Chief Minister of Punjab discusses launching the Kisan Card Phase 2 with plans to develop agriculture and offer financial facilities to its farmers. The new proposal includes more incentives being given to small and medium farmers in this new phase.
Key Features of Kisan Card Phase II
A meeting held at the Bank of Punjab Head Office chaired by Provincial Minister for Agriculture and Livestock Syed Ashiq Hussain Kirmani comprehensively reviewed various aspects of this scheme in detail. The meeting considered plans related to financing Kisan Card Phase II and agricultural mechanization.
Punjab Government’s Suggestions for this Program
It has been proposed to incorporate a greater number of small and medium farmers into this scheme as compared to before. Given the rising cost of agriculture, the loan limit per acre is under proposal for increase. Further, it has been proposed to allow the farmers to take diesel along with the facility of 30 percent cash withdrawal through Kisan Card so that farmers can better meet their requirements.It has been highlighted to remove the transaction charges on purchases through Kisan Card so that farmers can be saved from more financial burden.
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Advantages of Kisan Card
The aim of Kisan Card is to provide financial assistance and agricultural facilities to farmers. Under this initiative, farmers are given financial assistance in purchasing various agricultural products, fertilizers, seeds, and agricultural machinery.
Key Benefits:
The details of the benefits of Kisan Card are given below.
- Easy Loan Provision: Agricultural loans are given to farmers at low interest rates so that they can improve their production.
- Cash Withdrawal Facility: Farmers can withdraw up to 30 percent of cash through Kisan Card as per their requirement.
- Digital Transactions: In the digital system, transparent financial transactions have been allowed so that farmers can get benefits from modern financial facilities.
Punjab Government’s Vision for Agricultural Revolution
Modern reforms are being brought in the agriculture sector under the Chief Minister of Punjab’s Transforming Agriculture Punjab project. The Kisan Card Scheme is an important part of this vision, which aims to increase agricultural production and improve the economic condition of farmers.
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Importance of Agricultural Mechanization
The discussions within the meeting focused on organizing funds to help in agricultural mechanization, thereby affording farmers access to new agricultural machinery. With the application of agricultural machinery, farming will be made easier, and there will be multiples of improved production.
Word from Provincial Agriculture Minister
Provincial Agriculture Minister Syed Ashiq Hussain Kirmani said that under the leadership of Chief Minister Punjab, more and more facilities to the farmers are being provided through the Kisan Card. He further stated that the number of farmers who are benefitting from the Kisan Card Scheme would increased.
Role of Bank of Punjab
Zafar Masood, President Bank of Punjab was also in the meeting. Bank of Punjab is offering a sizable portion of the role for the Kisan Card Scheme and for financial facilities to farmers.
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Recommendations by Agricultural Experts
Secretary Agriculture Punjab Iftikhar Ali Sahu proposed many recommendations to make the Kisan Card Scheme more practical. As he said, strengthening the financial system should done further for the agricultural sector to meet the expectations of development.
Conclusion
The second phase of the Kisan Card will surely revolutionize agricultural development. The program intends to give more facilities to small and medium-sized farmers. Therefore, the present government under the Chief Minister of Punjab is committed to the empowerment of the farmers with modern agricultural development.
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