Rs 7000mln Allocated For Agriculture Sector

The provincial government has earmarked Rs 7000 million for the agriculture sector for remaining eight months of the current fiscal year from November 2018 to June 2019, with a vision to transform Punjab agriculture into a market-driven, diversified and sustainable sector.

LAHORE, (UrduPoint / Pakistan Point News - 16th Oct, 2018 ) :The provincial government has earmarked Rs 7000 million for the agriculture sector for remaining eight months of the current fiscal year from November 2018 to June 2019, with a vision to transform Punjab agriculture into a market-driven, diversified and sustainable sector.

According to the budget documents, Rs 6,865 million has been set aside for seven ongoing schemes and Rs 135 million for five new schemes.

The purpose of the enhanced allocations is to raise growth rate of the agriculture sector from existing 3.4 per cent to 7 per cent, improve crop productivity, transform agriculture department into a strong ICT-led farmer-centric institution, improve service delivery to farmers with an access to evidence-based and diagnostic-driven services and mobilize private investment worth Rs 75 billion inthe agriculture sector.