Punjab government has launched an Interest-Free Loan Scheme to facilitate cattle farmers of the province. The goal of the drive was to help small and medium-sized farmers purchase crucial livestock feed so that they were able take care of their animals. The strategy would provide relief to many farmers and contribute in their capability of sustenance for livestock maintaining it assessable as well.
| 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 |
Eligibility Criteria for the Loan Scheme
Farmers should meet certain criteria to avail of the interest-free loan Scheme. Livestock Deputy Director Dr Jamshaid Akhtar said that the scheme was meant to benefit small and medium-scale farmers. Farmers must be a domicile of Punjab and have an active CNIC. Furthermore, all applicants need to possess a functioning mobile SIM card registered in their own name.
Loan shall be sanctioned for the farmers having 5 to below ten calves / cattle. Applicants with more than ten animals may also apply, but assistance will only be offered for funds dedicated to up to 10 of such animal bots. One of the key conditions is a free credit record, which can be checked in eCIB (Electronic Credit Information Bureau) to guarantee candidates are not no pay.
Application and Verification Process
The Livestock Card Scheme application is a very easy process to do and you can apply for it online. Farmers who want to apply for the loan must register with 9211 of Punjab Livestock Department. The application must be submitted online via PITB after registration.
NADRA would authenticate the identity of applicant and Urban Unit will verify farmer with livestock. The loan will be given out on a first come first by rule basis to ensure those who gear up for it get timely help.
Loan Amount and Terms
Farmers having five animals can get a loan up to Rs 27,000 per animal or they are able for raising lone is of rs. 135000/-. Loans up to Rs. 270,000 for those having upto ten animals It is an ad-hoc loan for a period of no more than 150 days (120days to spend the money, and another 30 days repayment time.)
The farmers will receive the loan every month and Livestock Cards can be used for feed purchases such as wanda, silagefeed ebenfalls on card or mineral mixtures etc. These purchases can then be made from registered feed dealers through the bank of Punjab.
Benefits for Cattle Farmers
It is a big move to make the agriculture sector self-dependent and help in promotion of rural areas. Interest-free loans are being given to support the income of small livestock farmers, which is an important source from which farmers earn money through their health and breeding.
The state scheme will provide capital to help cattle farmers have access for accessing the nutritional requirement, high-quality cereals and feed et al without falling prey to usurious loans. With this, it is anticipated that life would get better for the farmer 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.
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Conclusion
The Livestock Card Scheme by the Punjab government to support cattle operators is a move that has never been taken before in any province. The government is assisting famers by giving them interest-free loans for maintaining the health and productivity of their livestock — that in turn would enhanced long-term suitability on agriculture sector. This program underlines the nearness of government towards rural development and farmer well-being.
FAQs
Livestock Card Scheme for whom
However this scheme is only for livestock farmers that would be from small to medium scale in Punjab having animals 5-10 and possess valid CNIC issue…
What amount of loan will a farmer get?
Five animals will be allocated Rs 135,000 and ten animal farmers with five lakh seventy thousand rupees respectively.
How long is the loan term?
Farmers are given 120 days to spend this loan and an additional 30-day repayment period, so they borrow for a total of up to about five months.
What farmers need to do for the scheme?
For registration, farmers will have to make a call by contacting 1121 or they can visit the nearest Customer Service Center (CSC), and after successful uploading of applications their data is transferred from CVAS to PVAS for online filing impacting. Farmers apply online through Punjab Information Technology Board’s PITB Portal on getting registered with PLD’s 9211 database.