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Punjab Launches Interest-Free Farm Mechanisation Loans Up to Rs30 Million

Applications run through a digital portal offering a six‑month grace period with quarterly repayments over five years.

Overview

  • Chief Minister Maryam Nawaz Sharif unveiled the Hi‑Tech Farm Mechanisation Financing Programme, opening a live online portal for submissions.
  • Farmers, service providers and agri-companies are eligible to seek financing for 12 categories of modern equipment.
  • Covered machinery includes combine harvesters, rice and multi‑crop planters, nursery machines, straw balers, silage harvesters, dryers, orchard pruners, air‑blast sprayers, central pivot irrigation systems and high‑power tractors.
  • The Agriculture Department says the programme has supplier participation from 27 Chinese firms, 10 from Turkey and additional companies from Italy, Japan, the United States, Brazil, Spain and Belarus.
  • Lahore Division authorities directed enforcement under Section 144 to stop crop‑residue burning near motorways as part of anti‑smog measures.