The Pak Banker

Punjab to offer 50pc subsidy on certified seeds

- LAHORE -APP

Punjab government is gearing to launch an ambitious project worth Rs6 billion to promote mechanisat­ion, usage of certified seed and responsibl­e applicatio­n of pesticides according to the quantity prescribed by the agricultur­al experts.

Under this project, farmers will be given 50% subsidy on the purchase of certified rice seed. At present, the department is pre-qualifying the seed companies in this regard. It is a complete package being given by the government to enhance the productivi­ty of the rice sector.

The project is also aimed at promoting the use of transplant­ers for increasing plant population in rice fields and extending subsidy on other agricultur­al implements, said Director Agricultur­e (Extension) Gujranwala Javed Iqbal while speaking at the MoU signing ceremony. Syngenta Pakistan and Atlas Foods limited signed an agreement to impart training to the rice growers regarding the need-based applicatio­n of pesticides. The training will create awareness among the farmers to avoid excessive usage of pesticides.

The director agricultur­e informed that the government will bear 50% of the cost on the usage of different types of machinery such as transplant­ers, nursery raising machines, DSR-drill, rice straw choppers, rotavators and power sprayers. “The aim is to convert this sector from the present status of tractors into real mechanisat­ion,” he added.

Atlas Foods Limited CEO Samiullah Naeem said that 55% of Pakistan’s economy relies on agricultur­e and rice is one of the most important crops, which is earning foreign exchange for the country. He said that monitoring of pesticides residue in rice crop has been increased by the European Union (EU), USA and Saudi Arabia since the last three to four years. He added, “Our products are going to high-end market and we have to keep the pesticide residue at their required level.”

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