Punjab CM opens Livestock Card phase 2: Rs16.2bn interest-free loans for farmers

LAHORE (Atemad Desk): The Punjab Chief Minister has inaugurated the second phase of the Livestock Card. Under it, farmers will be given interest-free loans worth Rs16.2 billion. They will receive Rs27,000 per animal.

A briefing was told that the repayment rate on loans given in the first phase of the Livestock Card was 96 per cent. In the second phase, farmers will also be able to withdraw 25 per cent of the loan amount in cash through ATMs.

According to the briefing, agreements have been made to export meat to Saudi Arabia, China, Azerbaijan and European markets. Punjab’s meat exports have risen by $96 million over one year.