LAHORE (Dunya News) – Punjab Chief Minister Maryam Nawaz has launched the second phase of the Livestock Card scheme, under which farmers will receive interest-free loans worth Rs16.2 billion to support livestock-related activities.
The first phase of the scheme recorded a loan repayment rate of 96 percent.
Under Phase II, farmers will be provided Rs27,000 per animal. They will also be allowed to withdraw 25 per cent of the loan amount in cash through ATMs.
The briefing further revealed that agreements had been reached to export meat to Saudi Arabia, China, Azerbaijan and European markets, expanding opportunities for Punjab’s livestock sector.
Punjab’s meat exports recorded an increase of $96 million over the course of one year, according to the briefing.