40,000 Farmers Avail Livestock Card Scheme From Punjab Government
The Punjab Livestock Card Scheme, initiated by Punjab Chief Minister Maryam Nawaz, provides farmers with Rs 2.5 lakh in interest-free loans for animal feed. This groundbreaking initiative aims to enhance livestock health and boost the agricultural sector by improving access to necessary resources for farmers.
Scheme Overview
Scheme Name: Punjab Livestock Card Scheme 2024
Beneficiaries: 40,000 farmers in Phase 1
Loan Amount: Rs 2.5 lakh interest-free for animal feed
Repayment Period: 90 days
Eligibility: Pakistani nationals or Punjab residents with valid CNIC and BISP enrollment
40,000 Farmers for Phase 1 in the Livestock Card Scheme
In the first phase of the Punjab Livestock Card Initiative, 40,000 farmers will benefit. The online application process is open to both men and women, ensuring equal opportunity for all qualified farmers. This initiative supports farmers in managing their livestock effectively.
Loan of Rs 2.5 Lakh Will Be Granted to Farmers
The scheme aims to provide loans to farmers who struggle to afford costly animal feed. By offering an interest-free loan of Rs 2.5 lakh, the initiative assists farmers in expanding their livestock businesses. The loan is repayable in convenient installments, facilitating easier financial management for farmers and contributing to the local economy’s growth.
Loan Limit for the Punjab Livestock Card Scheme
Farmers can borrow up to Rs 2.5 lakh to purchase essential items such as brush (animal feed), silage, and chemical mixes. The repayment period is 90 days. The scheme also includes an “Animal Identify Traceability System” to ensure effective animal care. This system provides farmers with free livestock tagging, fertilization, and feed inspection.
Who is Eligible for the Punjab Livestock Card Program?
To be eligible for the Punjab Livestock Card Program:
Applicants must have a valid CNIC.
Enrollment in the Benazir Income Support Programme (BISP) can help qualify for an interest-free loan. This ensures that the program reaches those who genuinely need financial assistance for their livestock.
Overall Details for the Punjab Livestock Card Scheme
Approved by Maryam Nawaz Sharif, the Punjab Livestock Card Scheme will provide 40,000 farmers in Punjab with a 90-day interest-free loan of Rs 2.5 lakh. This initiative promotes financial independence for farmers and enhances the quality of livestock feed.
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Conclusion
The Punjab Livestock Card Scheme, initiated by CM Maryam Nawaz, is a pioneering effort to improve livestock feed quality and promote farmers’ financial autonomy through interest-free loans. This program, benefiting 40,000 farmers in its initial phase, supports both men and women equally. It not only helps individual farmers but also contributes to the overall economic growth of Punjab.
FAQs
Which individuals will benefit from the Punjab Livestock Card Scheme in 2024?
The scheme is accessible to all qualifying farmers in Punjab, including both men and women.
What is the loan amount under the plan in 2024?
Farmers can obtain an interest-free loan of Rs 2.5 lakh for purchasing animal feed.
How long will farmers have to repay the loan in 2024?
Farmers have 90 days to repay the loan amount.
