CM Punjab Livestock Card
As part of the Chief Minister Punjab's export support initiative the Livestock card has been approved to support animal nutrition for feedlot fattening & rearing. This will be an e-credit facility to facilitate small livestock farmers of the Punjab to enhance beef exports of the country.
Program Key features for Cycle 1:
| Sponsor |
Livestock Department, Government of Punjab. |
| Program size |
Upto 80,000 Livestock Cards. |
| Max Program Financing |
PKR 10.8 billion . |
| Quantity |
400,000 Animals to be financed in 3 cycles. |
| Targeted Timeline |
Q4 2024 to Q3 2025. |
| Loan Type |
Unsecured Clean Facility. |
| Targeted Input |
Agricultural Input (Animal feed), i.e. Wanda, silage and minerals mixture. |
| Farmer Categorization |
Small Fanners having minimum of 5 male calves/young stock and maximum of 10 animals |
Loan Size |
| Per party / Per Group/ Related Party |
| The maximum loan amount under the scheme will be determined by having minimum 5 to 10 male calves/young stock (buffalo & Cows) and @27,000 PKR per animal. |
|
| Cost of Credit |
0% to farmers |
| Eligibility Criteria |
Registered in Livestock department data base
Having minimum 5 to 10 male calves/young stock @27,000 per animal
Valid CNIC
PMD validation (mobile number in own name)
NADRA verisys
Identity No based screening against the negative list (only active cases) deployed in core banking system prior to card issuance. In addition, the screening (MOD) file will be uploaded by ITG at end of each working day of all credit card issued in Compliance Link for complete and ongoing screening by Sanctions screening Unit.
No previous loan defaults as per Tasdeeq Bureau
Open to all Punjab farmers
in case of’ negative check in AML screening application would be declined.
ln case a farmer makes late-payment, or defaults, she/he shall become ineligible for next credit cycle.
|
| Age Requirement |
Age should be minimum 18. There is no maximum age. |
| Financing tenor |
Maximum tenor shell be upto 4 months excluding 1 month grace period for repayment of loan. |
| Pricing for BOP |
6 months Kibor+3.5% |
| Card Issuance Fee |
Card issuance fee Rs 100/animal (to be paid by the farmer) deduction from card limit. |
| Loss Guarantee |
30% First Credit Loss Guarantee |