Punjab Chief Minister Maryam Nawaz has announced major financial relief and new agricultural initiatives for farmers across the province. The announcements were made during a meeting with representatives of small, medium, and large-scale farmers on October 28, 2026.
During the meeting, Maryam Nawaz assured farmers that their suggestions and recommendations would be considered and implemented gradually. Farmers also appreciated the introduction of the Kisan Card, describing it as an important step toward strengthening the agricultural sector.
Zero-Markup Loans for Farmers
One of the key announcements was the establishment of Punjab’s first Apna Kisan Bank to provide financial support to farmers. Under the announced loan structure, farmers will be able to access loans of up to Rs. 1 crore at zero markup.
The chief minister also announced loans of up to Rs. 3 crore at an interest rate of 2%, while loans of up to Rs. 5 crore will carry a 5% interest rate, according to the reported announcement.
These measures aim to improve farmers’ access to financing and help them manage agricultural expenses, purchase essential supplies, and invest in their farming operations.
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Kisan Card Financial Assistance Increased
Maryam Nawaz also announced an increase in the financing available through the Kisan Card. The per-acre loan amount will rise by Rs. 3,500, increasing the existing assistance from Rs. 30,000 to Rs. 33,500 per acre.
The move is intended to provide additional financial support to farmers and help them meet rising cultivation costs.
Wheat Procurement and Other Agricultural Measures
The Punjab government also reiterated its commitment to purchasing wheat at the announced support price of Rs. 4,500 per unit, with implementation to be ensured according to the government’s plan.
Other measures include continuing the campaign against water theft across Punjab, taking steps to clean irrigation canals, and introducing a special package to encourage olive cultivation.
Support for Punjab’s Agriculture Sector
The announcements focus on improving access to agricultural finance, supporting wheat procurement, and strengthening irrigation and crop diversification initiatives.
However, farmers should check official Punjab government announcements for the detailed eligibility criteria, application procedures, loan conditions, and implementation dates before applying for any scheme.
