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Govt Launches Digital Loans for Farmers in Pakistan
- The federal government of Pakistan has introduced digital loans for farmers, providing unsecured loans of up to Rs1 million to smallholder farmers to support essential inputs like seeds, fertilisers, and diesel.
- The scheme aims to improve productivity, ensure food security, and enable small-scale farmers to adopt modern farming practices.
- The loans will be disbursed digitally, promoting transparency and financial inclusion in rural areas.
- An Electronic Warehouse Receipt System will also be introduced to help farmers store their grain securely and sell it at better market conditions, reducing post-harvest losses and protecting them from middlemen.
- The government emphasizes empowering small farmers to drive inclusive growth and rural development.
- The goal is to provide farmers with financial independence and tools to enhance productivity.
- The initiative complements other social and economic reforms, including increased support for women and higher funding for BISP.
- The move aims to modernize the agriculture sector and improve access to capital for farmers.
- Further details on eligibility and disbursement channels will be announced by the Ministry of National Food Security in the future.
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