Punjab Announces Farmers’ Bank, Wheat Support Price Set at Rs4,500 per 40kg, Interest-Free Agricultural Loans

*LAHORE: *Punjab Chief Minister Maryam Nawaz has announced the establishment of a Farmers’ Bank, fixed the wheat support price at Rs4,500 per 40 kilograms, and pledged interest-free agricultural loans for farmers across the province. The financial limit under the Kisan Card scheme has also been increased to Rs33,500 per acre.

Addressing a delegation of farmers in Lahore on October 28, 2026, the chief minister said the Punjab government was taking steps to provide financial assistance to farmers and modernize the province’s agricultural sector.

Maryam Nawaz announced that farmers would be able to obtain agricultural loans through the proposed Farmers’ Bank without interest, with financing of up to Rs10 million, according to the announcement’s headline and initial details.

She said the government had provided agricultural financing worth Rs400 billion to farmers over the past two years through the Kisan Card programme, benefiting approximately one million farmers across Punjab.

The chief minister announced that the financial limit under the Kisan Card scheme had been increased to Rs33,500 per acre to help farmers purchase fertilizers, seeds and other essential agricultural inputs.

She further stated that 25,000 tractors had been provided to farmers as part of the government’s agricultural modernization initiatives. A separate programme was also being implemented to make modern agricultural machinery available to small farmers on a rental basis.

Maryam Nawaz said that 1,000 agricultural interns had been recruited this year to support farmers and promote scientific farming practices. The interns are receiving a monthly stipend of Rs60,000.

She claimed that government measures had helped eliminate the black marketing of fertilizers, seeds and other essential agricultural inputs, ensuring their availability to farmers at officially prescribed prices.

The chief minister reaffirmed the provincial government’s commitment to addressing farmers’ problems, protecting their interests and strengthening the agricultural economy through financial assistance, modern technology and improved access to agricultural resources.