Categories: News

Punjab government to give PKR 2 billion worth smart digital loans to 35000 farmers

Microfinance Bank Tameer has joined hands with the government of Punjab for giving out smart digital loans to farmers across Punjab worth in aggregate over PKR 2 billion for over 35,000 farmers; total scheme announced by the government of Punjab is over PKR 77 billion for 450,000 farmers.  The partnership will go on to strengthen the collective efforts put in order to bolster Pakistan’s standing as a major agricultural country by increasing overall yield and productivity of the crops.

Tameer Microfinance Bank has been appointed partner Bank of the historic program that will go on to transform the socio-economic outlook of the country by providing digital loans, digital disbursements, and repayment to farmers across Punjab. The scheme will not only provide interest-free loans but will also address long-existent issues faced by local farmers through smartphone-based crop and weather advisory and comprehensive consultancy services besides maintaining a digital platform to empower the farmers by keeping real-time monitoring and performance evaluation.

To help farmers benefit from the host of digital services, the government of Punjab will distribute smartphones under the scheme to allow farmers access to E-credit scheme (Digital Wallet), weather Alerts, Crop Calendar, E-Zarri Baithak, Agri TV and more.

Commenting on the development, President & CEO Tameer Bank Ali Riaz Chaudhry said:

“It gives us immense pleasure to be part of this historic scheme to revitalize Punjab’s agriculture potential. We are bringing in Telenor Pakistan, Tameer Bank and Easypaisa’s technological infrastructure to support and expedite the government of Punjab’s interest-free loans scheme for small farmers. We are positive that through calculated and focused implementation, monitoring and support, we will be able to help the farmers increase their yield many folds and contribute additionally to the socio-economic progress of the country. We thank Chief Minister Punjab, Mian Shehbaz Sharif for trusting in Tameer Microfinance Bank as the partner.”

The Punjab government’s interest-free loan scheme is being led by Ministry of Agriculture & Finance in support from State Bank of Pakistan, Punjab Institute of Technology Board, Ministry of Finance.

Sponsored
TechJuice

Pakistan's premier website covering everything about Technology, Startups and Entrepreneurship! Email: editors@techjuice.pk

Leave a Comment
Share
Published by
TechJuice
Tags: Punjabslider

Recent Posts

Microsoft Launches AI-Powered “Support Virtual Agent” for Xbox Users

Microsoft has launched its AI-powered “Support Virtual Agent” chatbot for Xbox Insiders in the U.S.,…

5 hours ago

Musk Says Tesla Won’t Enter Smartphone Market Unless Necessary

Android Authority recently polled its users to find out if they would purchase a Tesla…

5 hours ago

Sukkur IBA Sets Seven Conditions for Conducting MDCAT

The Secretary of the Sukkur IBA Testing Agency has formally requested urgent action from the…

5 hours ago

PSEB Opens Bidding for Nationwide e-Rozgar Centers

The Pakistan Software Export Board (PSEB) has launched a nationwide program to encourage IT startups…

6 hours ago

Google Play Services Bug Disrupts Access to Apps for Pixel Users: Here’s How to Fix It

A significant issue with Google Play Services has left many Pixel users unable to access…

6 hours ago

WhatsApp Beta Partners with Google for Innovative Image Search Feature

When it comes to Android messaging apps, WhatsApp stands out as one of the best.…

7 hours ago