The Indian government has introduced the ‘Pashu Kisan Credit Card’ to support all the farmers who raise animals. This special card is designed to boost the animal farming industry in our country and assist farmers in making more money.
The Reserve Bank of India (RBI) has decided to make the Pashu Kisan Credit Card available for various activities connected to animal farming and fishing, helping with the money needed to run these businesses.
Pashu Kisan Credit Card Yojana 2023 [PKCC]
If you’re a farmer and want to start a business to earn well, the government can help you with a big amount under a plan. This money can help you kickstart your business. Plus, you can invest money to grow your business further.
This amount is mainly given to people who want to start small businesses. The government’s goal behind starting this plan is to double the income of farmers. This money is given to farmers for starting animal farming businesses. Under this plan, you can get up to 3 lakh rupees, and it comes with low-interest rates. Let’s find out who can benefit from this plan and how to apply for the Pashu Kisan credit card scheme.
Feastures of Pashu Kisan Credit Card
Here are the main features of the Pashu Kisan Credit Card:
- Loan Amount: Livestock owners can get a loan of up to Rs. 3 lakh. The scheme offers Rs. 60,249 for each buffalo, Rs. 40,783 for each cow, Rs. 720 for every egg-laying hen, and Rs. 4,063 for each sheep or goat. No guarantee is needed for loans up to Rs. 1.6 lakh.
- Interest Rate: While regular banks charge 7.00% interest on loans, the Pashu Kisan Credit Card scheme provides loans at a lower interest rate of 4.00% to livestock owners.
- Repayment Period: Livestock owners must pay back the loan amount along with interest within five years.
- Loan Installments: Loans will be given to cattle owners in six equal parts.
- Government Rebate: The Central Government will offer a 3.00% discount to make it more affordable.
[KCC Apply Now-2023] किसान क्रेडिट कार्ड कैसे बनवाएं? | Kisan Credit Card Yojana Kya Hai
Pashu Kisan Credit Card: Eligibility Criteria
The rules for who can apply depend on what kind of farming you’re into. Let’s know it.
1. Dairy Farming
- Dairy Farmers, whether on their own or in a group.
- Self-help groups with tenant farmers who either own, rent, or lease sheds.
- Joint liability groups.
2. Poultry and Small Ruminant Farming
- Poultry Farmers, either on their own or as a group.
- Joint liability groups.
- Self-help groups that include tenant farmers raising poultry, pigs, birds, sheep, goats, or rabbits, and have their own, rented, or leased sheds.
3. Fishery
- Individuals, groups, sharecroppers, partners, and tenant fish farmers.
- Fishers.
- Women groups.
- Self-help groups.
- Joint liability groups.
In addition to these conditions, the folks in these groups need to own or lease places for fishery activities like open water bodies, ponds, raceways, rearing units, tanks, and hatcheries. They also should have a valid license for fish-related activities and fish farming, as well as any state-specific fisheries and related operations.
Documents Required for Pashu Kisan Credit Card
When you want to get a Pashu Kisan Credit Card, make sure to have these documents ready:
- A completely filled-out Pashu Kisan Credit Card application form.
- Your Aadhaar card..
- Voter ID.
- Your PAN card (Permanent Account Number).
- Documents showing your land ownership.
- A certificate for the health of your animals.
- Some passport-sized photos.
- Your bank account details.
How to apply for Pashu Kisan Credit Card (PKCC)?
To apply for a Pashu Kisan Credit Card, follow these simple steps:
- Visit your nearest bank and request the application form for the Pashu Kisan Credit Card.
- Fill out the application form as instructed.
- Provide the necessary KYC (Know Your Customer) documents. The bank staff will inform you about the specific documents you need to submit.
- Once you’ve completed the application and submitted the required documents, the bank will assess your financial situation to determine if you qualify for the credit card.
FAQ’s about Pashu Kisan Credit Card
Let’s clear up frequently asked questions about the Pashu Kisan Credit Card:
1. Who can get a Pashu Kisan Credit Card?
- People from economically weaker sections, like animal farmers, livestock owners, and fish farmers, can apply for it.
2. What’s the repayment period for the loan in this scheme?
- You’ll have five years to repay the loan.
3. Which banks offer the Pashu Kisan Credit Card?
- Top banks like Axis Bank, HDFC Bank, State Bank of India, and more provide this card.
4. What’s the minimum interest rate for the Pashu Kisan Credit Card?
- The lowest interest rate is 7% per year.
5. What’s the interest rate for the Pashu Kisan Credit Card Scheme?
- All livestock owners have to pay a 4.00% interest rate.
6. How much can cattle farmers borrow with this card?
- They can get loans of up to Rs. 3 lakh.
7. Which banks provide the Pashu Kisan Credit Card?
- You can get it from banks like State Bank of India, Axis Bank, HDFC Bank, ICICI Bank, Bank of Baroda, and more.
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