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Govt. of Punjab Mark-up free Agri. E-Credit Scheme

Govt. of Punjab Mark-up free Agri. E-Credit Scheme for small farmers

In order to support Punjab Government’s efforts to increase agri. produce as well as to alleviate rural poverty among a small and poor farming segment of the society, the Bank has decided to launch the subject cited scheme across the Punjab Province.
The scheme is unique in terms of the provision of subsidy (free of mark-up) by the Govt. of Punjab for the provision of quality input loans to the farmers by facilitating them free of cost registration at Suhulat Centres to be maintained by Land Record Management Information System (LRMIS) in collaboration with Punjab Information Technology Board (PITB)
The disbursement of the loan would be made to the farmers through open mobile wallets of Telcos linked with the Assan Account.