CM Approves Punjab Livestock Card Scheme With 2.5 Lakh Interest-Free Loans [2024 Update]

Here is the most recent information for all the families of 8171 ehsaas program beneficiaries and other qualified farmers involved in the livestock industry. Maryam Nawaz, the Chief Minister of Punjab, has approved the Punjab Livestock Card Scheme, which entitles qualified farmers—male or female—to an interest-free loan of Rs 2.5 lakh for animal feed.

Simply read the article to find out who is eligible for the Punjab Livestock Card Scheme 2024. You will learn how many farmers can participate in this program in 2024, as well as when the scheme’s first phase will begin.

First-Ever Punjab Livestock Card Scheme 2024 Update

Important projects were approved during a livestock-related meeting chaired by Punjab Chief Minister Maryam Nawaz Sharif in Lahore. First time in the history of Pakistan the Livestock Card has been approved for the improvement of animals feeding requirements by providing them with interest-free loans from the livestock Card. 

The Chief Minister gave instructions to streamline the loan application process for livestock producers and develop a plan for dairy farming in South Punjab. The chief minister stated, “We want to put livestock farmers of Punjab on the path of economic independence.”

Also Read: “Maryam ki Dastak” App Registration

40,000 Farmers For Phase 1 In Livestock Card Scheme

Maryam Nawaz, the chief minister of Punjab, declared during the meeting on livestock improvement initiatives that 40,000 farmers would be allotted quotas to participate in the scheme’s first phase. These farmers can easily register as soon as the Punjab government opens up the online application process.

Men and Women can register for the Punjab Livestock Scheme in 2024 so that they can receive financial support for their livestock in easy installments. There are no such restrictions on gender as decided in the meeting the project will be started soon.

Loan of Rs 2.5 Lakh will be granted to farmers 

The purpose of the Punjab Livestock Card Scheme is to lend money to underprivileged farmers who cannot afford to buy expensive feed for their animals. If these farmers use the loan to expand their livestock, it will benefit both the farmers and the nation’s economy because the money can be used for a variety of internal purposes.

Consequently, at the meeting chaired by Maryam Nawaz, it was decided that a farmer would be eligible to acquire a loan from Livestock Card in the amount of Rs250,000, which would be paid back to the Punjabi government through a simple installment plan.

Also Read: Kisan Card Registration 2024

Loan Limit for the Punjab Livestock Card Scheme

The Livestock Card initiative will provide farmers in Punjab with easy loans up to Rs270,000 to buy wanda, silage, and mineral combination facilities. The farmers will have 90 days to repay their debt using the Punjab Livestock Card.

Furthermore, Punjab’s “Animal Identity Traceability System” will make it easier to care for animals. The facilities for free animal tagging, free insemination services, wanda (feed), and silage quality testing will be given to the farmers.

Who is Eligible For the Punjab Livestock Card Program?

Similar 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. They also need to have their CNIC card on them. It’s also beneficial if they qualify for the Benazir Income Support Program, as this further establishes their eligibility for the interest-free loan.  

Overall Detail For Punjab Livestock Card Scheme

Here is a quick detail for all the interested viewers of the Punjab Livestock Card scheme:

Conclusion 

The Punjab Livestock Card Scheme, spearheaded by Chief Minister Maryam Nawaz, marks a significant step towards empowering livestock farmers in Punjab. By providing interest-free loans of Rs 2.5 lakh, the initiative aims to enhance animal feed quality and foster economic independence among farmers. 

The scheme’s first phase will benefit 40,000 farmers, ensuring equal opportunities for men and women. This historic move not only supports individual farmers but also contributes to the overall economic growth of the region.