CM Approves Punjab Livestock Card Scheme With 2.5 Lakh Interest-Free Loans [2024 Update]
In this report, you will find information about the families of 8171 ehsaas program beneficiaries and other qualified livestock producers. In Punjab, Maryam Nawaz, the Chief Minister, approved the Punjab Livestock Card Scheme, which provides qualified farmers with an interest-free loan of Rs 2.5 lakh for animal feed.
In this article, you can find out who is eligible for the Punjab Livestock Card Scheme 2024 and when the first phase of the program will begin.
A first-ever update on the Punjab Livestock Card Scheme for 2024
Maryam Nawaz Sharif, Punjab Chief Minister, chaired a livestock-related meeting in Lahore that approved important projects. For the first time in Pakistani history, the Livestock Card has been approved to provide interest-free loans to animals to improve their feeding requirements.
the development of a plan for dairy farming in South Punjab, stating, “We want to put livestock farmers on the path to economic independence.”
Also Read: “Maryam ki Dastak” App Registration
40,000 Farmers For Phase 1 In Livestock Card Scheme
During the meeting on livestock improvement initiatives, Punjab chief minister Maryam Nawaz announced that 40,000 farmers will be allocated quotas. As soon as the Punjab government opens up an online application process, these farmers will be able to register easily.
As decided in the meeting, women and men alike can register for the Punjab Livestock Scheme in 2024 so they can receive financial support for their livestock in easy installments.
Farmers will be granted a loan of Rs 2.5 lakh
Underprivileged farmers who are unable to purchase expensive feed for their animals can borrow money through the Punjab Livestock Card Scheme. It will benefit both the farmers and the nation as the money can be used for a variety of internal purposes if these farmers use the loan to expand their livestock.
Maryam Nawaz chaired a meeting at which it was decided that a farmer could obtain a loan from Livestock Card in the amount of Rs250,000, which would be repaid to the Punjabi government through simple installments.
Also Read: Kisan Card Registration 2024
Loan Limit for the Punjab Livestock Card Scheme
A Punjab Livestock Card initiative will offer farmers easy loans up to Rs270,000 to purchase wanda, silage, and mineral combination facilities. Farmers will have 90 days to repay their debt.
Punjab’s “Animal Identity Traceability System” will provide free animal tagging, free insemination services, wanda (feed), and silage quality testing for farmers.
Punjab Livestock Card Program Eligibility?
In a similar vein to Maryam Nawaz’s initiative, the Punjab Livestock Card Scheme has fairly straightforward eligibility requirements. A farmer must be a Pakistani citizen and a permanent resident of Punjab Province, and he or she must also possess a CNIC card. As an additional benefit, they qualify for the Benazir Income Support Program which confirms their eligibility for the interest-free loan.
Overall Detail For Punjab Livestock Card Scheme
For those interested in the Punjab Livestock Card scheme, here are a few details:
| Properties | Details |
| Name of the scheme | Punjab Livestock Card Scheme 2024 |
| By: | Maryam Nawaz Sharif |
| No Beneficaries in Phase 1 | 40,000 in the first phase |
| Amount of Loan | 250,000 Rs |
| Loan Limit (No of Days) | 90 Days to return their loan |
In conclusion
The Punjab Livestock Card Scheme, spearheaded by Chief Minister Maryam Nawaz, marks a significant step towards empowering livestock farmers in Punjab. The initiative aims to improve animal feed quality and promote economic independence by providing interest-free loans of Rs 2.5 lakh.
This historic move not only supports individual farmers, but also contributes to the overall economic growth of the region as it benefits 40,000 farmers in the first phase of the scheme.