Here Are The Details Of The Punjab Livestock Card Scheme 2024 For Interest-Free Loans

June 21, 2024Zayn0

The Punjab government is prepared to introduce the first-ever Livestock Card program in 2024, offering interest-free loans to farmers.

Chief Minister Maryam Nawaz gave her approval for the project while presiding over a meeting about facilities for those in the livestock business. According to the chief minister, the administration aimed to achieve economic independence for livestock farmers. Here are the details and benefits of the Punjab Livestock Card Scheme 2024

Beneficiaries and Loan Details

The chief minister was informed by officials that both male and female dairy farmers in South Punjab’s rural districts would receive the interest-free loan. They claimed that the program would benefit more than 40,000 farmers. The loan amount will be used to buy animal food.

Loan Cap and Repayment Period 

June 08 (APP), Maryam Nawaz Sharif, the chief minister of Punjab, has given her approval to the Punjab Livestock Card scheme, which will provide interest-free loans of Rs 250,000 for animal feed.

Additional Support Measures 

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 feed quality testing will be given to the farmers.

Approval and Implementation

On Saturday, the CM chaired a livestock-related meeting here where significant projects were approved. The chief minister gave instructions to streamline the application process for livestock producers to obtain loans and to develop a plan for dairy farming in South Punjab. “We want to put Punjabi livestock farmers on the path to economic independence,” the chief minister stated.

Loan Cap for the Punjab Livestock Card Program 

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

Importance and Effect 

The Punjab government has taken a big step to empower and assist livestock producers in the province, especially those in South Punjab’s rural districts, via the Livestock Card program. The initiative is to enhance the financial stability of the livestock farming community and contribute to the province’s overall agricultural development by offering interest-free loans and extra support services.

 

Zayn

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