Pashupalan Loan Yojna: Under this scheme launched by the government, farmers and animal breeders can get a loan of up to Rs 2 lakh, which will help them to grow their business and meet the needs related to animal husbandry. In this article, we will know how you can get a loan under Pashupalan Loan Yojana, its process and what are its benefits.

What is Pashupalan Loan Yojana?

Pashupalan Loan Yojana is a government scheme run under the Ministry of Agriculture of India. Its objective is to provide financial assistance to farmers and animal breeders to grow their animal husbandry business. This loan scheme is especially suitable for cow, goat, sheep, poultry etc. Under this, beneficiaries can get a loan of up to Rs 2 lakh, which can be repaid in easy installments.

Loan amount

Under this scheme, loans can be given to animal keepers in the following ways:

Small Animal Husbandry: Farmers doing small-scale animal husbandry are given loans ranging from ₹50,000 to ₹1,50,000.

Extensive Animal Husbandry: Farmers and animal keepers doing large-scale animal husbandry can get loans up to ₹2 lakh.

Benefits of Animal Husbandry Loan Scheme

Easy financial assistance: Under this scheme, animal keepers get loans without any guarantee, which makes it easier for them to start or expand their business.

Long repayment period: The loan repayment period is long, which gives animal keepers the opportunity to repay their EMI (monthly installment) easily.

Low interest rates: The interest rates on the loans given under this scheme are much lower than other banks.

Getting assistance: This scheme provided by the government is very beneficial for animal breeders as it allows them to run their business without any financial crisis.

Farmer Welfare: This scheme helps to increase the income of Indian farmers and improve their standard of living, as animal husbandry can be a stable and profitable business.

Eligibility

Age of applicant: The age of the applicant should be between 18 and 65 years. Citizen of India: The person applying must be an Indian citizen.

Professional information: The applicant must have experience in the business of animal husbandry or he must have an intention to work in this field.

Proof of stable income: If you are already involved in any business, then you have to provide proof of your income. If you are new, then you have to plan to start this business.

Required Documents

  • Identity Certificate
  • Income Proof
  • Residence Proof
  • Animal Husbandry Proof
  • Bank Account Details

Application Process

  • First of all, you have to contact your nearest bank or financial institution and get information from them about the process of applying for a loan.
  • After this, you have to fill an application form,
  • After filling the application form, you have to upload some required documents.
  • After uploading the documents, you have to submit your application to the bank or financial institution.
  • If your eligibility and documents are found correct, the bank will provide you loan approval. After this the loan amount will be transferred to your account.