CM Punjab announces Package Worth Rs15b

Chief Minister Punjab Maryam Nawaz has announced the first unique, exemplary and unprecedented package in the history of the province for the wheat farmers in Punjab. Funds worth Rs 15 billion have been approved for 550,000 wheat farmers directly under the Wheat Support Fund. CM Punjab also announced exemption from paying irrigation/fixed tax for the wheat farmers during current year. Under the package of CM, free storage EWR facility will be provided for four months to protect wheat from climate change effects and farmers from market pressure.

It has been decided to implement Electronic Warehouse Receipt (EWR) system in the province. The farmers storing wheat under the Electronic Warehouse Receipt (EWR) system will get an electronic receipt. Within 24 hours, this receipt can be given to the bank to obtain a loan up to 70 percent of the total cost.