For those people of India who want to raise animals and also want to earn some money from it, then the government has brought Pashupalan Yojana for all those animal breeders and farmers, under which financial assistance is given in raising animals.
It is often seen that many difficulties have to be faced in raising animals, such as fodder, housing of animals, and making the necessary arrangements for their care.
In such a situation, the government has brought Pashupalan Yojana for everyone so that they can easily get a loan now. Money is required to fulfil the needs. By doing animal husbandry work, people can run their lives smoothly.
What documents will be required
To start a work like animal husbandry, you must have some important documents.
Aadhar Card
Bank Passbook
Identity Card
PAN Card
Residence Prem Patra
Income Certificate
Number of animals identified
Land papers
Photo
Mobile Number
How much loan will be available from bank
State Bank of India gives loans ranging from 60000 rupees to 2 lakh rupees to people under Pashupalan Yojana. It is used for milk-giving animals like cows, buffalo, and goats.
The loan is available in a different way from HDFC Bank. People get a loan of 80 thousand rupees for a buffalo and 60 thousand rupees for a cow from the bank. This amount is given based on animals. If you want to raise 3 buffaloes then you get a loan of 240000 rupees.
Bank of Baroda gives the highest loan for animal husbandry. People easily get a loan of up to 10 lakh rupees from the bank so that they can easily rear animals.
What is the eligibility
The applicant should be an Indian citizen.
The applicant should only be a farmer or animal keeper.
The applicant should not be a defaulter in any bank.
After taking the loan, it has to be repaid on time.
The loan will be available once in 1 year. After repaying the loan amount, your credit limit will be increased.
Process of taking a loan
If you want to take a loan under the Animal Husbandry Scheme, you must go to your respective bank and fill out the loan application form.
After completing the form properly, all the necessary documents must be submitted with it. The bank will survey your land based on the documents submitted by you at the stipulated time. If all your process is done correctly, the bank will give you the loan immediately.