CM Punjab Kisan Card Scheme 2024 Eligibility & 8070 Registration

CM Punjab Kisan Card Scheme 2024 Eligibility & 8070 Registration

There is good news for the farmers of Punjab Maryam Nawaz, Chief Minister of Punjab has decided to introduce a subsidy Kisan Card for the farmers. Under the CM Punjab Maryam Nawaz Kisan Card Scheme 2024, farmers living in Punjab province can get cheap seeds and cheap fertilizers, and Pesticides. The registration of this Kisan card scheme will be carried out by sending an SMS with PKC and CNIC number to the 8070 portal. The main objective of this scheme is to provide free seeds, fertilizer, and medicine to the farmers who have less area of land.

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50 Lakh Loan Registration Through Kisan Card

To get an agricultural mortgage of Rs 50 lakh via Kisan Card, you need to go to your nearest Bank of Punjab and get the registration structure through displaying your Kisan Card to the consultant there. Then, you have to entire this registration shape with your statistics and post it back. When returning the registration form, you should post a reproduction of your agricultural land’s unique country wide identification card. After which your verification will be carried out and if you are eligible, you will be supplied an agricultural mortgage by means of the Bank of Punjab.

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Eligibility for CM Punjab Kisan Card Scheme 2024

CM Punjab Maryam Nawaz Sharif Kisan Card Scheme 2024

Scheme NameCM Punjab Kisan Card Scheme 2024
Who is Eligible?Farmers of Punjab Province
Who will Collaborate?Bank of Punjab and Agriculture Department
Total Farmers will be Registered5 Lakh
Loan Amount1.4 Lakh per farmer
Interest Rate(Markup)0%
Installment Duration6 Months
How much land is required to apply?1 to 12 Acres of Land
Loan repayment durationWithin 6 months
Registration Start Date04 June 2024

Eligibility & 8070 Registration

Initially, it was decided in a meeting by the CM of Punjab Maryum Nawaz Sharif that loans of 150 billion would be given to 50000 small farmers in Punjab annually. Rs 30000 loan will be given per acre to small farmers to purchase quality seeds, fertilizers, and Pesticides. The government of Punjab will launch this Nawaz Sharif Kisan Card Scheme in collaboration with private sectors soon.

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Terms and Conditions to Apply for CM Punjab Kisan Loan Scheme 2024

  • Farmers who have 1 to 12 acres of land are eligible to apply.
  • Your land record must be registered.
  • A mobile SIM must be registered on the farmer’s Computerized National Identity Card(CNIC).
  • Your CNIC must be valid according to the record of the NADRA.
  • Farmers must not be the defaulters of any other bank.
  • Farmers must return the loan within 6 months.

Kisan Card Benefits

This card provides multiple benefits to the farmers, which we will discuss in detail here

  • Through this card, farmers can easily get facilities for storage and marketing that crops are saved and used for a longer time.
  • Affordable credit for the farmers at low prices.
  • Small loans are given through the Zarai Tarakiati Bank Limited (ZTBL) under an easy repayment system. With this system, the government helps the small and marginal farmers to increase productivity.
  • Farmers can easily access credit from banks with low-interest rates and easy repayment systems.
  • Farmers can easily avail themselves of subsidies on various types of agricultural products like Fertilizers, pesticides and also seeds, etc.
  • Kisan card holders’ farmers will get insurance coverage under this program. This insurance coverage includes crops, livestock, and other agricultural-related assets.
  • Farmers will get discounts on agricultural products If they hold the Kisan card.
  • This card is made to provide ease and convenience to the farmers so that they can easily access the required assets without any financial issues. Through this card, the farmers can easily withdraw the payment, purchase the items, and also pay the bills.
  • Farmers who are holding this card can easily get the other scheme benefits through this card. They can get other subsidy program benefits, loans, and financial assistance.

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