LAHORE: President Dr Arif Alvi has called for adopting modern farming techniques to increase agricultural productivity to meet the country’s food requirements.
Addressing a meeting with farmers in Lahore, he underlined the need to promote latest technological and Information Technology tools to ensure the availability of agricultural inputs to farmers and reduce the cost of production.
The president said the government is focusing on uplifting farmers as the prosperity of the agriculture sector is directly linked with the socioeconomic development of the country.
He said incentives have been offered to support farmers and reduce their cost of production which has given a major boost to agricultural yield of major crops during the last year.
Read more: SBP enhances agriculture credit limits to meet farmers input requirements
Earlier, the State Bank of Pakistan (SBP) had enhanced the indicative credit limits for agriculture financing by banks to farmers to align the amount of financing with agriculture input requirements.
The enhanced indicative credit limits for production and development loans of farm and non-farm sector will directly benefit agriculture borrowers, who will now be able to obtain more credit from banks and in turn enhance agriculture productivity through adequate use of inputs.
