Animal Loan: A large population of the country lives in villages. The villagers living here depend on agriculture for their livelihood. Along with agriculture, cow, buffalo, goat, pig and poultry farming is also practiced in the village. For additional income, most of the farmers raise animals at their homes, due to which additional income is earned by selling milk and the manure made from their waste also helps in increasing the production of crops. Today animals have reduced the cost of farming by almost half. That’s why farmers and villagers are now being motivated to rear animals.
Generally, it costs a lot to buy cattle, buffaloes, goats, pigs and chickens, which small farmers cannot afford to raise. That’s why the government has started many animal husbandry schemes, so that animals can be bought easily.
Pashu Kisan Credit Card Scheme has also been started in this episode, so that the problem related to money can be overcome by providing loans to small-marginal farmers and cattle rearers at affordable interest rates.
How much loan is available?
Under the Pashu Kisan Credit Card Scheme, farmers and livestock farmers get a loan of 1 lakh 60,000 without any guarantee from the bank, although the loan amount can be increased up to 3 lakh. Farmers have to pay 7% interest rate on this loan.
If you repay the loan on time before the deadline, then a rebate of 3% is given by the government, that is, if the terms and conditions are followed, then interest will have to be paid only at the rate of 4%.
Pashu Kisan Credit Card Scheme
Contact your bank to avail cheap loan from ₹1.60 Lakh to ₹3 Lakh pic.twitter.com/xuUGwsAhDq
— MyGovHaryana (@mygovharyana) January 22, 2023
What facilities are available?
Under the Animal KCC scheme, a credit card is issued to the animal parents, which can be used to withdraw cash by putting it in an ATM machine. Through Pashu Kisan Credit Card, a loan of Rs 40,783 is available for buying cow, Rs 60,249 for buying buffalo, Rs 16,237 for buying pig, Rs 4,063 for buying sheep/goat and Rs 720 per unit for buying chicken. Apart from this, even in case of death of the animal due to illness, injury, accident or any other reason, the loss can be mitigated with the help of Pashu Kisan Credit Card.
How to get benefit?
If you are also planning to buy cattle, then you can apply for Pashu Kisan Credit Card in your nearest bank branch or other financial institutions. Online applications are also sought for Animal KCC, for which the application form has to be downloaded from the official website and submitted.
Along with the form, the applicant farmer or animal husbandry will have to submit health certificate of animals, insurance of animals, credit score of bank, Aadhaar card, PAN card, voter ID, mobile number linked to Aadhaar and passport size photo, which will be accepted within 15 days. Inside you will get KCC loan for buying animal at affordable interest rates. Animal parents are informed as soon as this card is issued and facility is also given to send it by post directly to the place of residence.
Disclaimer: Some of the information given in the news is based on media reports. Farmer brothers, before implementing any suggestion, do consult the concerned expert.