3-Crore Interest-Free Agri-Loan Under Punjab High-Tech Program

3-Crore Interest-Free Agri-Loan Under Punjab High-Tech Program: The Punjab government has officially announced the High-Tech Mechanization Program 2026 with a major highlight: “First to Apply, First to Get.” This initiative provides farmers, service providers, and entrepreneurs an opportunity to secure interest-free loans of up to PKR 30 million for purchasing advanced agricultural machinery. The program is designed to increase productivity, reduce labor dependency, and prevent losses due to delayed harvesting or inefficient handling.

The “First to Apply, First to Get” policy ensures that early applicants are prioritized, making timely registration and application submission crucial. The program also encourages private sector participation by linking approved suppliers with the bank-financed machinery, allowing beneficiaries to modernize their farms and businesses quickly. This comprehensive guide covers the entire process from eligibility and application to loan usage, repayment, and machinery selection. By following this guide, applicants can maximize their chances of being among the first to receive funding under this transformative program.

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Key Features of the Punjab High-Tech Mechanization Program

The program is designed to simplify access to advanced machinery while supporting financial inclusion for farmers and entrepreneurs.

• Maximum loan limit of PKR 30 million
• Minimum 20% equity contribution required from the applicant
• Age range for applicants: 21 to 70 years
• Interest-free loan provided through the Bank of Punjab
• Eligible for farmers, service providers, and entrepreneurs
• Financing available for 12 types of high-tech local and imported machinery
• Loan repayment period: 5 years in 20 equal quarterly installments
• Grace period of 6 months before repayment starts
• Application processing fee: PKR 5,000

These features ensure beneficiaries have the resources to adopt high-tech agricultural solutions without the burden of interest, encouraging modernization and efficiency.

Eligibility Criteria

Eligibility is carefully monitored to ensure that loans are allocated to deserving individuals and organizations.

• Applicant must be a resident of Punjab province
• Entrepreneurs must hold a valid NTN number
• Farmers must have ownership of at least 5 acres of land
• Service providers must be registered with the Agriculture Department (Field Wing)
• Age of applicants must be between 21 and 70 years
• Applicants must have a valid CNIC and a mobile number registered in their name
• Only one application per individual or business
• Clean credit history with no overdue loans
• Ability to repay quarterly installments as assessed by the bank
• Willingness to deposit 20% equity upfront
• Machinery cannot be sold or transferred for 5 years or until full repayment of the bank-financed amount
• Commitment to attend training on machinery use and maintenance
• Agreement for periodic field inspections by Agriculture Department and bank officials

Meeting these requirements is essential to secure funding quickly under the “First to Apply, First to Get” initiative.

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How to Apply Online

Applications for the High-Tech Mechanization Program are submitted online at https://cmhightech.punjab.gov.pk. Following the correct steps increases the chances of being among the first approved applicants.

Submitting applications early under the “First to Apply, First to Get” announcement ensures priority processing and faster access to funding.

Loan Usage and Repayment

The loan process is structured to ensure transparency and efficiency in disbursement:

• The bank will approve or reject the loan after due diligence
• Applicants deposit a minimum of 20% of the machine cost as equity
• The approved loan amount is directly provided to the verified supplier
• Beneficiaries repay the bank-financed amount in 20 equal quarterly installments
• The Government of Punjab covers the interest, making it completely interest-free

This repayment structure encourages responsible borrowing while supporting beneficiaries to adopt modern agricultural machinery.

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Security and Compliance

The program has clear security measures to protect the loan and ensure proper use of machinery:

• Machinery remains hypothecated with the financing bank until full repayment
• Beneficiaries provide personal guarantees
• Comprehensive insurance against theft, accidents, fire, and natural calamities is mandatory
• Verified land ownership records required for farmers
• Alternate collateral for service providers without landholding
• Beneficiaries sign an undertaking to use machinery only for agriculture or service provision
• Machinery cannot be sold, transferred, or mortgaged without prior bank approval
• Timely repayment of installments is mandatory

These requirements safeguard both the bank and beneficiaries and ensure proper utilization of government-funded machinery.

Charges and Fees For Application

Applicants should be aware of applicable charges:

• Initial application processing fee: PKR 5,000
• Additional bank charges as per bank policy
• Late payment charges will apply in case installments are delayed

Being aware of these fees helps beneficiaries plan their equity contribution and repayment schedule effectively.

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Approved Suppliers

Purchasing machinery from verified suppliers ensures quality and program eligibility. Approved suppliers include:

List of Agricultural Companies

Buying from approved suppliers ensures machines are compatible with the program and eligible for financing.

Machinery Covered Under the Program

The program finances 12 types of advanced agricultural machinery to improve efficiency and reduce labor dependency:

List of Agricultural Equipment

Choosing the correct machinery suitable for your farm or business ensures maximum productivity and efficiency.

Final Words

The Punjab High-Tech Mechanization Program 2026 is a landmark initiative that allows farmers, service providers, and entrepreneurs to access interest-free loans up to PKR 30 million. The “First to Apply, First to Get” policy emphasizes the importance of early application for priority processing.

Applicants who follow the correct steps, meet eligibility requirements, and purchase machinery from approved suppliers will benefit the most from this program. Timely repayment and proper utilization of machinery will ensure sustainable growth and increased agricultural productivity in Punjab.

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FAQs

Who is eligible for this loan?

Farmers, service providers, and entrepreneurs residing in Punjab who meet eligibility criteria can apply.

How much loan can I get?

Applicants can receive a maximum of PKR 30 million for approved machinery.

Where do I submit my application?

All applications must be submitted online at https://cmhightech.punjab.gov.pk.

What is the required equity contribution?

Applicants must deposit 20% of the total machinery cost upfront.

Can I sell the machinery before repayment?

No, selling or transferring the machinery is prohibited until full repayment or for five years, whichever is longer.