The Punjab government has introduced a remarkable initiative to support farmers with interest-free loans Via Livestock Card. This program aims to provide financial assistance to livestock farmers, helping them enhance their businesses by offering loans of up to PKR 270,000. The loans are interest-free, making it a great opportunity for farmers to improve their livestock management without the burden of high-interest rates. The Livestock Card functions as a prepaid card that can be used to purchase essential livestock-related supplies, such as animal feed and medicines, from authorized outlets.
Table of Contents
| Details | Information |
| Program Name | Punjab Livestock Card Program |
| Loan Type | Interest-Free Loan |
| Maximum Loan Amount | PKR 270,000 |
| Eligibility Criteria | Punjab residents owning 5-10 animals with valid CNIC |
| Application Start Date | November 5, 2024 |
| Card Activation Date | December 15, 2024 |
| Usage | Purchase of animal feed, silage, and mineral mixtures |
| Supported by | Punjab Livestock Department |
Key Features of the Interest-Free Loans Via Livestock Card
- Interest-Free Loans: Farmers can receive up to PKR 270,000, depending on the number of animals owned, to invest in livestock-related expenses.
- Livestock Card: Functions like a prepaid card, enabling purchases related to livestock management at registered outlets across Punjab.
- Cash Withdrawal: Farmers can withdraw up to PKR 27,000 per animal, facilitating immediate needs.
- SMS Registration Service: Simplifies the application process; farmers can register by sending an SMS to 8070 with their details.
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Eligibility Criteria for the Livestock Card Program
To qualify for the program, applicants must:
- Livestock Ownership: Own 5 to 10 animals.
- Residency: Be residents of Punjab with a valid CNIC.
- Active Mobile SIM: Possess an active mobile SIM registered in their name.
- Credit History: Maintain a clean credit history, verified by the Electronic Credit Information Bureau (eCIB).
How to Apply for the Livestock Card
- Registration Start Date: Began on November 5, 2024.
- Visit Registration Centers: Apply at the nearest Tehsil registration center with assistance from Punjab Livestock Department representatives.
- SMS Registration: Send an SMS with your CNIC number to 8070.
- Documentation: Provide CNIC, proof of livestock ownership, and residency information during registration.
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Financial Details
- Loan Amount: Up to PKR 270,000, depending on the number of animals.
- Repayment Period: 150 days, with 120 days for utilization and 30 days for repayment.
- Usage: The Livestock Card can be used to purchase animal feed, silage, and mineral mixtures from registered dealers.
Important Dates for Livestock Card
- Registration Start Date: November 5, 2024.
- Livestock Card Activation: December 15, 2024.
Contact Information for Livestock Card
- Helpline: 0800-9211 for queries related to the program and registration process.
- Social Media: Punjab Livestock Department is active on platforms like Facebook, YouTube, and Twitter, providing updates and information.
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Conclusion
The Punjab Livestock Card Program presents a significant opportunity for livestock farmers to enhance their operations through interest-free loans. By simplifying the application process and providing substantial financial support, the Punjab government is committed to empowering farmers and boosting the agricultural sector. Eligible farmers are encouraged to apply promptly to take full advantage of this initiative.
FAQs
Who is eligible for the Punjab Livestock Card Program?
Farmers residing in Punjab, owning 5 to 10 animals, with a valid CNIC and an active mobile SIM registered in their name, are eligible.
How can I apply for the Livestock Card?
You can apply by visiting the nearest Tehsil registration center or by sending your CNIC number via SMS to 8070.
What is the maximum loan amount I can receive?
Farmers can receive up to PKR 270,000, depending on the number of animals owned.
Is there any interest on the loan?
No, the loan provided through the Punjab Livestock Card Program is interest-free.
What can I purchase with the Livestock Card?
The card can be used to purchase animal feed, silage, and mineral mixtures from registered dealers.
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