The Punjab government has launched a new program, the Livestock Card Scheme, to assist small and medium-sized livestock farmers in the province. This plan provides farmers with interest-free loans to help them buy livestock feed and care for their animals. The government’s goal in providing financial aid is to increase farmer output while also ensuring the health of their cattle. This project is intended to benefit many farmers in Punjab.
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| Details of Livestock Card Scheme | Key Information |
| Loan Type | Interest-free loan for cattle farmers |
| Eligible Farmers | Small and medium-scale farmers |
| Maximum Loan Amount | Up to Rs. 270,000 for 10 animals |
| Loan Duration | 150 days (120 days to use, 30 days to repay) |
Eligibility Criteria for the Loan Scheme
Farmers who apply for this interest-free loan must meet specific eligibility requirements. The plan is aimed primarily at small and medium-sized farmers in Punjab. Farmers must have a valid Computerized National Identity Card (CNIC) as well as an active mobile SIM card registered in their name to be eligible. The plan is aimed for farmers with five to 10 animals. Even if farmers have more than 10 animals, the loan is only for ten of them. Additionally, candidates must have a clean credit history, which will be verified by the Electronic Credit Information Bureau (eCIB). This is to ensure that the applicants are not defaulters.
Application and Verification Process
Applying for the Livestock Card Scheme is straightforward and can be completed online. Farmers must first register with the Punjab Livestock Department’s 9211 database. After registration, they can apply online via the Punjab Information Technology Board (PITB) platform. The government will use NADRA to authenticate the farmer’s identity, and the Urban Unit will validate that the farmer and his animals exist. Loans will be granted on a first-come, first-served basis, which means that individuals who apply early and meet the requirements will receive financial assistance sooner.
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Loan Amount and Terms
The loan amount is determined by the farmer’s total number of animals. For farmers with five animals, the loan amount is Rs. 135,000 (Rs. 27,000 per animal). Farmers with up to ten animals can qualify for a loan of up to Rs. 270,000. The loan will be valid for 150 days, with the first 120 days used to spend the funds. After that, farmers will have 30 days to repay the loan. Farmers can use their Livestock Cards to purchase livestock feed, such as wanda, silage, and mineral mixes, from registered vendors. The money will be disbursed weekly.
Loan amount depends on the quantity of animals. Farmers with five animals receive Rs 135,000. Farmers with up to ten animals can receive Rs. 270,000. Loan payback after 120 days, with 30-day repayment period.
Benefits for Cattle Farmers
This plan is a huge help to farmers, especially those who struggle to acquire inexpensive loans. The Punjab government makes it easy for farmers to keep their animals healthy and productive by offering interest-free loans. The money can be used to purchase high-quality feed, which is critical to the animals’ well-being. Farmers will also avoid the burden of high-interest loans, which can be difficult to repay. The Livestock Card Scheme would allow farmers continue to work without financial burden while also contributing to rural development.
Loan Disbursement and Purchase Process
The loan will be disbursed using Livestock Cards, which farmers can use to purchase feed and other goods. Farmers will receive monthly payments that they can use at registered feed dealers. Repayment of the loan will begin after the 120-day utilization period, with a 30-day repayment term. This regulated approach ensures that farmers receive the finances they require and have ample time to repay the loan without feeling pressured.
Conclusion
The Punjab government’s Livestock Card Scheme is an excellent start towards assisting cattle ranchers throughout the province. By providing interest-free loans, the government assists farmers in maintaining their animals and increasing overall productivity. This effort will bring much-needed relief to farmers and help to develop the agriculture sector. The initiative emphasizes the government’s commitment to improving the lives of rural communities and assisting small and medium-sized farmers
FAQs
Who is eligible for the Livestock Card Scheme?
The plan is applicable to small and medium-scale livestock farmers in Punjab who own five to ten animals and have a valid CNIC and an active mobile SIM.
How much loan can a farmer receive?
Farmers with five animals can receive Rs. 135,000, and those with ten animals can collect up to Rs. 270,000.
What is the loan repayment period?
Farmers get 120 days to use the loan, followed by a 30-day repayment period, totaling 150 days.
How can farmers apply for the scheme?
Farmers can apply online through the Punjab Information Technology Board (PITB) platform after enrolling in the Punjab Livestock Department’s 9211 database.
