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Chief Minister Punjab Maryam Nawaz on October 28, 2026 announced the establishment of the province’s first ‘Apna Kisan Bank’, along with subsidised agricultural loans worth Rs17 billion and an increase in financing under the Kisan Card scheme. The announcement was made during a meeting with representatives of small, medium and large farmers from across Punjab.
This follows the earlier proposal of a Rs4,500 per maund wheat support price — the Chief Minister said the government would ensure implementation of the Rs4,500 per 40kg wheat support price in coordination with the federal government. The Rs17 billion financing package is expected to benefit farmers cultivating around five million acres.
Key Details
| Aspect | Detail |
|---|---|
| Bank announced | Punjab’s first ‘Apna Kisan Bank’ |
| Subsidised loan package | Rs17 billion, covering ~5 million acres |
| Loan up to Rs10 million | Zero markup (interest-free) |
| Loan up to Rs30 million | 2% interest |
| Loan up to Rs50 million | 5% interest |
| Loans routed through | Punjab Urban Unit |
| Kisan Card DAP limit | Raised by Rs3,500/acre — Rs30,000 to Rs33,500/acre |
| Wheat support price | Rs4,500 per 40kg, to be implemented with federal coordination |
| Kisan Card farmers | ~1 million small farmers already benefiting |
| Announced | October 28, 2026, Lahore farmers’ meeting |
What Farmers Get
- Interest-free loans up to Rs10 million for farming needs through the Punjab Urban Unit.
- Loans up to Rs30 million at 2% interest and up to Rs50 million at 5% interest for larger farming operations.
- Higher Kisan Card DAP limit: the per-acre financing limit for purchasing DAP fertiliser rises from Rs30,000 to Rs33,500, an increase of Rs3,500 per acre, citing higher fertiliser prices.
- Wheat support price: the government says it will ensure farmers receive the Rs4,500 per maund support price, in coordination with the federal government.
- Kisan Card extension: the scheme is planned to be extended to tenant and leased-land farmers.
Reports also mention an olive-cultivation package, and Pakistan Today reports Rs70 billion earmarked for high-tech farm mechanisation along with 25,000 subsidised tractors, as part of the wider farmer package.
Important: You Cannot Apply Yet
The Apna Kisan Bank has been announced, not yet launched. No application route, launch or operational date, eligibility criteria or branch details have been announced yet, and the bank’s operational framework was not immediately available at the time of the announcement. Farmers should wait for the official announcement of the application process and should not pay anyone or share CNIC, PIN or OTP details with anyone claiming to register them for the bank or these loans. This article will be updated when the official application route is announced.
Related reading: farmers clearing their Kisan Card dues should also see our article on the CM Punjab Kisan Card 4th Installment (clear dues by October 30 to enter the lucky draw) and the Punjab Flour Subsidy 2026 (Rs10 billion Sasta Atta).
Frequently Asked Questions
What is Apna Kisan Bank?
Punjab’s first dedicated farmers’ bank, announced by CM Maryam Nawaz on October 28, 2026, to provide subsidised agricultural loans to farmers across the province.
How much loan can farmers get and at what rate?
Up to Rs10 million at zero markup, up to Rs30 million at 2% interest, and up to Rs50 million at 5% interest, through the Punjab Urban Unit.
What is the new Kisan Card DAP limit?
Rs33,500 per acre, up from Rs30,000 — an increase of Rs3,500 per acre for purchasing DAP fertiliser.
Can farmers apply for Apna Kisan Bank loans now?
Not yet. The bank has only been announced; no application route, eligibility criteria or launch date has been announced. Wait for the official announcement.
What about the Rs4,500 wheat support price?
The Chief Minister said the government would ensure implementation of the Rs4,500 per 40kg wheat support price in coordination with the federal government.