New Delhi: Pashu Kisan Credit Card Scheme was started by the Government of India for all animal husbandry farmers. The purpose of this card is to help in the expansion of the business of the farmers doing animal husbandry. Farmers can use this card to meet the various needs faced in the work of animal husbandry and fisheries. The benefit of this scheme will be available to only those farmers who are engaged in the work of rearing cows, goat, buffalo, poultry, or fish.
Under this scheme, the government gives loans of up to Rs 3 lakh to cattle owners. No guarantee is required for loans up to Rs 1.6 lakh. The government gives a loan of Rs 60,000 for a buffalo, Rs 40,000 for a cow, Rs 720 for a chicken, and Rs 4000 for a sheep/goat. Banks or financial institutions provide loans to Pashu Kisan Credit Card holders at only 4 percent. Loans are given to livestock farmers in 6 equal installments. Farmers have to repay this loan within 5 years. Usually, banks give loans to farmers at an interest rate of 7 percent, but in the case of the Pashu Kisan Credit Card, animal farmers get a rebate of 3 percent from the government.
What are its benefits?
Farmers easily get loans at affordable interest rates in their time of need. In such a situation, he is saved from getting trapped in the debt trap. Veterinarians can also use this card as a debit card. At the same time, farmers are saved from moneylenders and they do not have to mortgage their land or other property.
How can I apply for the card?
You have to first go to your nearest bank for this. You will get an application form from the bank. This form has to be filled out and submitted. Along with this, you will also have to submit some documents for KYC. If you cannot go to the bank then you can also fill out this form online by visiting any CSC center. After filling out your form, the documents will be verified and if you are eligible then you will get your Kisan Credit Card within 15 days.
Which documents are required?
For Pashu Kisan Credit Card, the farmer’s Aadhaar card, PAN card, cattle health certificate, farmer’s voter ID, bank account, land documents, and passport-size photograph will be required.
