The Agriculture Department has started "Agricultural Warehouse-Receipt Program" on the basis of Public Private Partnership to ensure prosperity of the farmers by preserving agricultural commodities. Under this program, farmers are able to store their agricultural commodity from natural disasters (rain or bitter). These warehouses will also be able to store commodity for long time with the help of modern technology. Farmer will save from Mandi's deduction charges.
Under this program, farmers will open their account by contacting the bank (nominated) and later on contact the fixed warehouse management. After that, the required quality of agricultural commodity will reach warehouse. After receipt of the weight and ensuring quality of the environment properly, farmer will get receipt from warehouse management.
To obtain the benefit, the farmers will submit the invoice receipt by contacting the designated bank and after the necessary action loan up to 70% according to the current rate of crop will be issued him. The amount of the sale will be paid to the farmers' bank due to the amount sold. Under this program MCB Bank will enact to facilitate farmers to issue loans. Other allied facilitators are Directorate of Agricultural Information, Punjab and Islamabad Field Mills, Okara, which will also act as buyer of warehouse consumer.
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