Last Updated on: 8th July 2024, 10:06 pm
Launched by CM Maryam Nawaz, the Punjab Govt Livestock Scheme provides interest-free loans of Rs 2.5 lakh to farmers for feed to improve the health of livestock and support the agriculture sector.
Punjab Govt Livestock Scheme Includes 40,000 Farmers
Chief Minister Maryam Nawaz launched this innovative initiative for the first time in Pakistan to improve access to animal feed by providing interest-free loans to farmers. This scheme benefits 40,000 farmers in the initial phase by providing interest-free loans of Rs 2.5 lakh for livestock feeding. The payment period is fixed at 90 days.
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Eligibility requirements include Pakistani citizenship, permanent residency of the Punjab, and valid membership of CNIC and BISP. The motive of the scheme is to help breeders achieve financial independence.
| Name of Scheme | Related Details |
|---|---|
| Program Name | Punjab Livestock Card Program 2024 |
| Beneficiaries | 40,000 farmers in the first phase |
| Loan Amount | Rs 2.5 lakh, interest-free, for animal feed |
| Refund Period | 90 days |
| Eligibility | Pakistani citizens or residents of Punjab with valid CNIC and BISP registration |
In the initial phase, the Punjab Livestock Card initiative will help 40,000 farmers. At the start of the online application process, both men and women are encouraged to apply. This gender-neutral initiative ensures that all eligible farmers can participate and receive support in properly managing their livestock.
Loan Details for Phase 1
The Punjab Livestock Card program aims to support farmers who are struggling to afford expensive feed for their animals by offering interest-free loans of Rs 2.5 lakh. This support helps farmers expand their livestock farming activities, with repayments structured in easy installments, thereby reducing the financial burden on farmers. The objective of the initiative is to boost the local economy by supporting farmers.
Loan limit in the Livestock Scheme
Farmers can borrow up to Rs 2.5 lakh to purchase essential commodities such as weed (animal feed), silage, and chemical mixtures. The return period is 90 days. The scheme also includes an ‘Animal Identification Traceability System’ to ensure effective animal care. Farmers benefit from free tagging, fertilization, and checking of livestock feed.
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Eligibility Criteria for Punjab Govt Livestock Scheme
To be eligible, a valid CNIC ID card is required. By participating in the Benazir Income Support Programme (BISP), you can further qualify for an interest-free loan and ensure that the Programme reaches those who need financial support for their livestock.
Complete Details
Maryam Nawaz Sharif approved the Punjab Livestock Card Scheme which provides 90-day interest-free loan of Rs 2.5 lakh to 40,000 Punjabi farmers.
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Last Words
Chief Minister Maryam Nawaz launched the Punjab Livestock Card Scheme to improve the quality of livestock feed and promote financial independence among farmers through interest-free loans. In the first phase, 40,000 farmers will be supported and equal opportunities will be provided to men and women. This approach will not only benefit individual farmers but also contribute to the overall economic growth of Punjab.