CM Punjab Livestock Card Scheme
The CM Punjab Livestock Card Scheme is a new government initiative launched to support farmers in Punjab. This scheme is designed to help small and medium-scale farmers by providing them with interest-free loans to purchase feed supplements and reduce their financial burdens. The initiative aims to improve livestock productivity, enhance farmers’ income, and ensure better feeding practices.
Livestock Card Scheme
- Total Budget Allocation: The government has allocated 4442.08 million rupees for the scheme.
- Program Duration: The scheme will run for a period of 24 months.
- Loan Amount: Farmers can receive loans ranging from Rs. 135,000 to Rs. 270,000 based on the number of livestock they own, with a rate of Rs. 27,000 per animal.
- Repayment Period: The loan is to be repaid within 4 months, with an additional month for repayment of the principal amount.
This initiative is expected to significantly boost the productivity of livestock farming and improve the income of farmers by easing the financial burden associated with feeding and maintaining livestock.
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Objectives of the Scheme
- Credit Support: To provide interest-free loans to farmers, enabling them to buy necessary feed supplements for their livestock.
- Financial Inclusion: By offering easy access to loans, the scheme aims to improve financial access for farmers, particularly in rural areas.
- Boosting Productivity: The primary goal is to increase livestock productivity through better feeding practices, leading to higher income for farmers.
Eligibility Criteria
To apply for the Livestock Card, farmers must meet the following eligibility criteria:
Residency: Must be a resident of Punjab province.
CNIC: Must have a valid CNIC (Computerized National Identity Card).
Mobile Phone: Must possess an active mobile phone SIM registered in their name.
Livestock Ownership: Must own 5 to 10 male calves or young stock (buffalo/cattle). Only those with up to 10 animals are eligible, and the loan facility will cover a maximum of 10 animals per farmer.
Credit History: The farmer must have a clean credit history through E-CIB (Electronic Credit Information Bureau).
Verification: Applicants must pass NADRA Verisys and NACTA verification.
Physical Verification: There will be a physical verification of both the farmer and their livestock by the Urban Unit.
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Apply for the CM Punjab Livestock Card Scheme
Online Registration:
- Send a Text Message:
Farmers can easily register for the Livestock Card by sending a text message from their mobile phone. The format for the message is as follows:
PLC CNIC Number
Example:PLC 3740336789563
Send this message to 8070. - Confirmation:
After sending the message, you will receive a confirmation message from the government regarding your registration.
Alternatively, farmers can also visit the nearest participating bank or government agricultural office to complete the registration process.
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Loan Details and Beneficiaries
The Livestock Card Scheme is expected to benefit between 40,000 to 80,000 farmers over the next two years.
In the first year, between 10,000 to 20,000 farmers will receive the cards.
In the second year, an additional 30,000 to 60,000 farmers will be included.
Loan Amount:
The loan amount will be provided based on the number of livestock owned:
Rs. 27,000 per animal
The total loan can range from Rs. 135,000 to Rs. 270,000, depending on the number of animals owned (5 to 10).
Repayment:
The loan must be repaid within 4 months, with an extra month provided for repayment of the principal amount.
Selection Process
- First Come, First Serve:
The issuance of Livestock Cards will be on a first come, first serve basis. Farmers who meet the eligibility criteria and successfully complete the verification process will be prioritized.
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FAQs
What is the CM Punjab Livestock Card Scheme?
The CM Punjab Livestock Card Scheme is a government initiative to provide interest-free loans to small and medium-scale farmers in Punjab. The loans are for purchasing feed supplements for livestock and improving farming productivity.
Who is eligible for the Livestock Card?
The scheme is open to farmers who:
Reside in Punjab
Own 5 to 10 male calves or young buffalo/cattle
Have a valid CNIC, a mobile SIM registered in their name, and a clean credit history.
How can I apply for the Livestock Card?
You can apply by sending a text message with your CNIC to 8070 or by visiting your nearest participating bank or government office.
How much loan can a farmer receive?
The loan amount ranges from Rs. 135,000 to Rs. 270,000 based on the number of animals owned (Rs. 27,000 per animal).
What is the repayment period?
The loan must be repaid within 4 months, with an additional month allowed for repayment of the principal amount.
How many farmers will benefit from this scheme?
The scheme aims to support between 40,000 to 80,000 farmers over the course of two years.
Are there any specific conditions for livestock to qualify?
Yes, the livestock must be male calves or young buffalo/cattle. The loan will only cover up to 10 animals per farmer.
Can women farmers apply for the Livestock Card?
Yes, women farmers are eligible to apply for the scheme as long as they meet the eligibility criteria.
READ MORE:Punjab Livestock Card Scheme
Conclusion
The CM Punjab Livestock Card Scheme 2024 is a crucial initiative to support farmers in Punjab by providing interest-free loans for purchasing livestock feed. This will not only help farmers reduce their financial burden but also improve livestock productivity, contributing to better incomes and sustainable farming practices.