CM abolishes fee to obtain loan under Kissan Package

LAHORE

Chief Minister Shahbaz Sharif in a meeting decided to end prescribed fee paid to obtain interest-free loan under ‘Kissan Package’.

Chief Minister Shahbaz Sharif presided over the meeting here Thursday in which progress on the implementation of the Kissan Package and the provision of the interest-free loans to small farmers was discussed.

Partner banks assured the meeting to meet the targets of provision of loans to small farmers in the timeline. 

Addressing the meeting, Shahbaz Sharif said that for the first time in the history of Pakistan, farmers are being provided interest-free loans and this programme will result in the increase in the agriculture production. He said the Punjab government had made the whole process transparent with the use of modern technology so that only small farmers get benefit from this programme. 

He said this programme has vital importance for boosting agriculture economy and all targets of the programme will be achieved. He said 600,000 small farmers would benefit from the billion rupee package and this programme has been prepared after the consultation of all stakeholders. Even landless farmers will be benefited from this programme, he said, adding that in the past loans worth billions of rupees were written off on political basis and loans were not provided to farmers, but the PML-N government had for the first time in the history of Pakistan provided loans to the small farmers. 

He said the finance minister would review the loan programme fortnightly, while he would review progress every month. 

power: Shahbaz Sharif has said that work is in progress on several power projects to overcome energy crisis and gas-powered energy projects will be completed in time.

The chief minister presided over a meeting here Thursday to review progress on 3,600MW gas power projects. Chief Executive for Energy Division of German Company Lahmeyer Michael and other experts attended the meeting. Addressing the meeting, the chief minister said 3,600MW gas power projects would end outages and the people would get cheap electricity. He said the German company Lahmeyer should use its professional expertise for timely completion of power projects.

The Chief Executive for Energy Division of German Company Lahmeyer Michael assured the chief minister that work on all projects will be carried out as per the expectations of the chief minister. He assured that projects will be completed in the stipulated time.