The Punjab government has launched an interest-free Livestock Card Scheme to support cattle farmers across the province. This initiative aims to provide financial assistance to small and medium-scale farmers, allowing them to purchase essential livestock feed and manage the care of their animals. The scheme is expected to benefit many farmers, improving their ability to sustain their livestock and enhance productivity.
| Key Points | Summary |
| Loan Scheme | Interest-free loan for cattle farmers |
| Eligibility | Small and medium-scale livestock farmers |
| Maximum Loan | Up to Rs. 270,000 for 10 animals |
| Duration | Loan duration of 150 days |
Table of Content
Eligibility Criteria for the Loan Scheme
To qualify for this interest-free loan scheme, farmers must meet certain criteria. According to Dr. Jamshaid Akhtar, Deputy Director of Livestock, the scheme is specifically designed for small and medium-scale farmers. Farmers must be residents of Punjab and possess a valid Computerized National Identity Card (CNIC). Additionally, applicants are required to have an active mobile SIM registered in their name.
Farmers who own between five and ten calves or cattle are eligible to apply for the loan. Those with more than ten animals can also apply, but financial assistance will only be provided for up to ten animals. One of the key requirements is a clean credit history, which will be verified by the Electronic Credit Information Bureau (eCIB) to ensure that the applicants are not defaulters.
Application and Verification Process
The application process for the Livestock Card Scheme is straightforward and accessible. Farmers interested in applying for the loan must register with the Punjab Livestock Department’s 9211 database. After registration, the application must be submitted online through the Punjab Information Technology Board’s (PITB) platform.
The applicant’s identity will be verified through NADRA, and the presence of the farmer and their livestock will be confirmed by the Urban Unit. The loan will be granted on a first-come, first-served basis, ensuring that those who meet the necessary conditions receive timely assistance.
Loan Amount and Terms
Farmers who own five animals are eligible for a loan of Rs. 27,000 per animal, which amounts to a total of Rs. 135,000 for five animals. For those who own up to ten animals, the loan amount can go up to Rs. 270,000. The loan will be provided for a maximum duration of 150 days, with the first 120 days allocated for utilizing the funds, followed by a 30-day repayment period.
The loan disbursement will take place on a monthly basis, and farmers will be able to use their Livestock Cards to purchase feed such as wanda, silage, and mineral mixtures. These purchases can be made from registered feed dealers through the Bank of Punjab.
Benefits for Cattle Farmers
This scheme is a major step towards supporting the agricultural sector and promoting rural development. By offering interest-free loans, the Punjab government aims to provide critical financial relief to livestock farmers, allowing them to maintain the health and productivity of their animals.
The scheme will help cattle farmers access the resources they need, including high-quality feed, without the burden of high-interest loans. It is hoped that this initiative will significantly improve the livelihoods of farmers across Punjab.
Loan Disbursement and Purchase Process
- Farmers will receive loans through Livestock Cards.
- Loans will be used to purchase livestock feed from registered dealers.
- Monthly disbursement of loan amounts.
- Loan repayment period of 30 days after 120 days of utilization.
Conclusion
The Punjab government’s Livestock Card Scheme is a revolutionary step towards supporting cattle farmers in the province. By providing interest-free loans, the government is helping farmers maintain the health and productivity of their livestock, ensuring long-term sustainability in the agricultural sector. This initiative highlights the government’s commitment to rural development and the well-being of farmers.
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FAQs
Who is eligible for the Livestock Card Scheme?
The scheme is open to small and medium-scale livestock farmers in Punjab who own between five to ten animals and have a valid CNIC and active mobile SIM.
How much loan can a farmer receive?
Farmers with five animals can receive Rs. 135,000, while those with ten animals can get up to Rs. 270,000.
What is the loan repayment period?
Farmers have 120 days to use the loan, followed by a 30-day repayment period, making the total loan duration 150 days.
How can farmers apply for the scheme?
Farmers can apply online through the Punjab Information Technology Board (PITB) platform after registering with the Punjab Livestock Department’s 9211 database.