What is Pashu Kisan Credit Card Scheme?- 3 Lakh Loan
The Pashu Kisan Credit Card Scheme is a government initiative designed to provide easy access to credit for farmers engaged in livestock farming. With this scheme, farmers can avail of Livestock Farmer Loans to support their animal husbandry activities such as dairy farming, poultry, and fish farming. The scheme aims to empower rural farmers by offering financial assistance at affordable interest rates.
Key Features of Pashu Kisan Credit Card Scheme
- Farmers can get Subsidized Farmer Loans with interest rates as low as 4% per annum, making it easier to manage livestock-related expenses.
- The scheme covers a variety of livestock activities, including:
- Dairy Farming Loans for cows and buffaloes.
- Buffalo Loan Scheme with funding up to ₹60,000 per buffalo.
- Poultry Loan Scheme for chicken farming, with ₹720 per chicken.
- Goat Farming Credit with a loan of ₹4,000 per goat or sheep.
- Fish Farming Loans to support fisheries and aquaculture.
- Loans up to ₹1.6 lakhs are available without any collateral.
- The maximum loan amount under the scheme is ₹3 lakhs, repayable within five years.
Highlight Table: Pashu Kisan Credit Card Scheme
| Category | Details |
| Scheme Name | Pashu Kisan Credit Card Scheme |
| Purpose | To provide financial support to livestock farmers for animal husbandry activities |
| Eligible Farmers | Farmers engaged in dairy, poultry, goat rearing, fisheries, and other livestock activities |
| Loan Amount | Up to ₹3,00,000 |
| No Collateral Loan | Up to ₹1,60,000 |
| Interest Rate | 4% per annum (7% regular interest with 3% subsidy) |
| Repayment Tenure | 5 years |
| Loan Distribution | Equal installments in six months |
| Loan | Per Livestock Buffalo: ₹60,000, Cow: ₹40,000, Chicken: ₹720, Goat/Sheep: ₹4,000 |
| Application Mode | Online via CSC or Offline at the nearest bank |
| Required Documents | Aadhaar, PAN, bank passbook, identity and address proof, livestock details |
Benefits of Pashu Kisan Credit Card Scheme
1. Rural Agriculture Loans: This scheme is specifically tailored to meet the needs of rural farmers, helping them improve their livelihoods.
2. No Collateral Requirement: For loans up to ₹1.6 lakhs, farmers are not required to pledge any assets.
3. Flexible Repayment: Farmers can repay the loan in six equal installments over five years.
4. Affordable Interest Rates: Loans are available at a subsidized interest rate of 4%, with the government covering 3% of the total interest.
Who Can Apply for the Scheme?
The Pashu Kisan Credit Card is available to:
- Livestock farmers involved in rearing cows, buffaloes, goats, sheep, or poultry.
- Farmers engaged in fisheries with a valid fishing license.
- Rural farmers participating in Animal Husbandry Loans for milk production or related activities.
Documents Required for Pashu Kisan Credit Card
- Identity proof (Aadhaar, PAN card, or voter ID)
- Address proof (bank passbook, electricity bill, etc.)
- Bank account linked to Aadhaar
- Passport-sized photograph
Conclusion
The Pashu Kisan Credit Card Scheme is a comprehensive solution for farmers looking to expand their livestock and animal husbandry activities. Whether you need a Dairy Farming Loan, a Fish Farming Loan, or funding for poultry or goats, this scheme provides affordable and accessible financial support.
Apply today and take the first step towards enhancing your rural livelihood!