CM approves first ever Punjab Livestock Card scheme for interest-free loans; Check details

LAHORE: Punjab Livestock Card and “Farmer Guidance App” have been launched for the first time in the history of Pakistan.

Chief Minister Punjab Maryam Nawaz Sharif approved the Punjab Livestock Card project which will grant Rs250,000 interest-free loan for the animal feed.

The CM presided over a meeting relating to livestock in which important projects were approved.

She directed to simplify the stages to acquire loans for the livestock farmers along with formulating a scheme for dairy farming in South Punjab.

The CM said, “We want to put livestock farmers of Punjab on the path of economic independence.”

The participants were apprised during the meeting that prospects to provide loans in soft installments to the males and females for dairy farming in the rural areas of South Punjab will be reviewed. 40,000 farmers will be granted loans through the Punjab Livestock Card. 4 lakh animals will be available for meat export through the Punjab Livestock Card scheme.

The farmers will be provided facilities to undertake free tagging of animals, and free insemination services along with wanda and silage quality testing facilities.

Loan Limit under Punjab Livestock Card Scheme

The farmers will be provided a soft loan worth Rs270,000 through the Livestock Card for wanda, silage, and mineral mixture facilities in Punjab. The farmers can pay their loan in 90 days through the Punjab Livestock Card.

The livestock care will be facilitated through the ‘Animal Identity Traceability System’ in Punjab.

The farmers will be required to pay their loan in 90 days through the Punjab Livestock Card.