CM Livestock Initiative Enters 2nd Phase
CM Livestock Initiative Enters 2nd Phase: The livestock sector is an important part of Pakistan’s agricultural sector, and it has always been important for improving the economic condition of farmers. In this context, the Punjab Livestock Department has started registering the second phase of the Chief Minister Punjab Livestock Card Scheme in the Faisalabad Division. This initiative is to support farmers with loans and supplies, so that they can get the necessary resources for the care and development of their livestock. In this article, we will explain in detail the benefits, eligibility criteria, and registration process of this scheme.
An Overview Chief Minister Punjab Livestock Card Scheme
Dr. Syed Nadeem Badar, Director of Livestock, emphasized that the second phase of the Chief Minister Punjab Livestock Card Scheme provides a meaningful opportunity for farmers across the province to gain support. The scheme aims to provide financial assistance to farmers through interest-free loans, so that they can take better care of their livestock and develop in the livestock sector. After the successful completion of the first phase, in the second phase, 30% of the loan amount will be provided to the farmers in the form of cash, while the remaining amount can be used to purchase essential supplies for livestock. These items, including vanda, silage, and mineral mixtures, are available for purchase through authorized dealers.
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Loan Amount and Its Use
Under this scheme, interest-free loans ranging from Rs. 135,000 to Rs. 540,000 are provided to farmers owning five to twenty animals. These loans are given to meet the needs of the farmers so that they can improve the care and breeding process of their livestock. 30% of the loan amount can be withdrawn in cash, while the remaining amount can be spent on purchasing essential livestock supplies.
Loan Repayment Period
The loan repayment period in this scheme is also very simple. The loan repayment starts after a utilization period of six months, which proves to be a soft financial burden for the farmers. This makes it easier for the farmers to repay the loan amount, and they can manage adequate resources for their livestock.
Eligibility Criteria
Some essential conditions must be fulfilled to avail of a loan under this scheme. These conditions include:
- Resident: The individual applying must be a lifelong resident of Punjab.
- Registration in the Livestock Department’s system: The farmer must be registered in the Livestock Department’s system.
- Presence of CNIC: The applicant must have a valid National Identity Card (CNIC).
- Registration as a farmer: The applicant must be registered in his/her name as a farmer.
- SIM Registration: The applicant should have a SIM registered in their name.
- Credit History Verification: The applicant’s credit history should be verified through the Electronic Credit Information Bureau (ECIB).
Identity cards will be authenticated via NADRA and NACTA, while the Livestock Department’s Urban Unit will verify both the applicant and their livestock.
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Priority to Those Who Have Repaid Loans of Phase I
Although the last date for applying for the second phase has not been announced, Dr. Syed Nadeem Badar said that farmers who have repaid the loans given in the first phase will not need to reapply for the second phase. These farmers will be provided loans in the second phase on a priority basis.
Objective of the Scheme and Benefits for Farmers
The main objective of the Chief Minister Punjab Livestock Card Scheme is to provide farmers with access to structured loans and regulated input supplies. Through this scheme, farmers can not only get the financial resources required to take care of their livestock, but they will also be provided with good-quality livestock feed and other essential supplies. This scheme will bring about many important changes in the lives of farmers. This scheme will not only help in improving their economic condition but will also increase the health and production of livestock, which is of utmost importance for the agricultural economy of the country.
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Last Word
The launch of the second phase of the Chief Minister Punjab Livestock Card Scheme is proving to be a ray of great hope for farmers. Through this scheme, farmers can not only get interest-free loans but can also purchase necessary inputs for their livestock, which will increase their production and income. Farmers should take full advantage of this opportunity and complete the registration process under this scheme as soon as possible.