CM Punjab Livestock Card Scheme 2024 for 270,000 Loan

The Punjab government has launched a new initiative to support farmers in the region, known as the “CM Punjab Livestock Card Scheme.” This scheme is particularly aimed at aiding small and medium scale farmers by providing them with credit to buy feed supplements and reduce their financial burdens.

CM Punjab Livestock Card Scheme 2024

• Total Investment: The government has set aside a substantial budget of 4442.08 million rupees for this scheme.
• Duration: The program is designed to run over a gestation period of 24 months.

Register Online for Livestock Card Scheme

If you want to register for CM Punjab Livestock card then send message from your mobile. Write PLC CNIC Number and send it to 8070. You will get confirmation message from Govt. Example: PLC 3740336789563. You can also check Livestock Asset Cow Program 2024 For Rural Women.

Objectives of the Scheme:

1. Credit Support: The scheme is designed to help farmers afford the necessary feed supplements for their livestock by providing interest-free loans.
2. Financial Inclusion: By offering these loans, the scheme aims to increase financial access for farmers, especially those in rural areas, enhancing their ability to invest in better feeding practices.
3. Boost Productivity: Improved feeding practices are expected to increase livestock productivity and, consequently, the farmers’ income. You can also check CM Punjab Dhee Rani Scheme.

Eligibility Criteria:

Farmers wishing to apply must meet several requirements:

• Must be a resident of Punjab Province.
• Must have a valid CNIC.
• Must have a mobile phone SIM registered in their name and it must be active.
• Must own between 5 to 10 male calves or young stock (Buffalo/Cattle). Those with up to 10 animals are eligible, but the credit facility will extend only to a maximum of 10 animals.
• Must have a clean credit history through E-CIB.
• Must pass NADRA Verisys & NACTA verification.
• A physical verification of the farmer and their animals by the Urban Unit is required.
• Selection will be on a “First come, first serve” basis for those who comply with the eligibility criteria.

Beneficiaries and Loan Details:

• The scheme plans to issue Livestock Cards to 40,000 to 80,000 farmers through the Bank of Punjab over two years.
  • In the first year, 10,000 to 20,000 farmers will receive the cards.
  • In the second year, 30,000 to 60,000 additional farmers will be included.
• Each farmer can receive a loan amount ranging from Rs. 135,000 to Rs. 270,000, depending on the number of animals they own, with a rate of Rs. 27,000 per animal.
• The loan duration is set for 4 months plus an additional month for repayment of the principal amount.

This scheme represents a significant effort by the Punjab government to enhance agricultural productivity and support the local farming community by reducing financial barriers and encouraging better livestock management practices.

1. What is the CM Punjab Livestock Card Scheme?

The CM Punjab Livestock Card Scheme is a government initiative designed to provide interest-free loans to small and medium-scale farmers in Punjab for purchasing feed supplements. The aim is to reduce financial burdens and enhance productivity in the livestock sector.

2. Who is eligible for the Livestock Card?

Eligible applicants must be residents of Punjab Province, have a valid CNIC, an active mobile phone SIM registered in their name, own 5 to 10 male calves or young stock (buffalo/cattle), and have a clean credit history. Eligibility also requires passing NADRA Verisys & NACTA verification and physical verification of the farmer and their animals by the Urban Unit.

3. How can I apply for the Livestock Card?

Farmers can apply for the Livestock Card by visiting their nearest participating bank or government agricultural office. Ensure that all documents, such as CNIC and proof of livestock ownership, are up-to-date and available at the time of application.

4. How much loan can one farmer receive?

Each eligible farmer can receive a loan ranging from Rs. 135,000 to Rs. 270,000, depending on the number of animals they own, with a per animal rate of Rs. 27,000.

5. What is the repayment period for the loan?

The loan must be repaid within 4 months, with an additional month provided for the repayment of the principal amount.

6. How many farmers will benefit from this scheme?

The scheme targets issuing Livestock Cards to between 40,000 and 80,000 farmers over two years. In the first year, 10,000 to 20,000 farmers will receive the cards, and in the second year, another 30,000 to 60,000 farmers will be added.

7. On what basis are the Livestock Cards issued?

The Livestock Cards are issued on a “First come, first serve” basis to applicants who comply with all the eligibility criteria and necessary verification processes.

8. Are there any specific conditions for the livestock that qualify for the scheme?

Yes, the livestock must be male calves or young buffalo/cattle. Additionally, the credit facility is applicable only for up to 10 animals per farmer.

9. What happens if a farmer fails to repay the loan?

Failure to repay the loan may affect the farmer’s credit history and eligibility for future government subsidies or loans.

10. Can women farmers apply for the Livestock Card?

Yes, women farmers who meet the eligibility criteria can apply for the Livestock Card. It is part of the government’s initiative to promote inclusivity and support all eligible farmers regardless of gender.