Pashu Kisan Credit Card-benefits, eligibility, how to apply?

For the growth and expansion of animal husbandry business across the country, government introduced ‘Pashu Kisan Credit Card’ for the farmers. Also the RBI has decided to extend the KCC facility for a working capital requirement for activities related to Fisheries  and Animal Husbandry. Haryana has become the first state in the country to provide 'Pashu Kisan Credit card' (Animal husbandry Credit Card) for promotion of animal husbandry and agribusiness in the state. As many as 101 farmers in Bhiwani district of Haryana were given the First ever Pashu Kisan credit cards.

Benefits of Pashu Kisan Credit card

  • With Pashu Kisan Credit card, a farmer can avail loan worth Rs 60249 for a buffalo and Rs 40783 for a cow. To purchase a pig, farmers will get Rs 16337.  For Hens, they will get Rs 720 per layer and Rs 161 per broiler hen.

  • The Pashu Kisan Credit card holder can take up to ₹1.6 lakh loan from any bank without mortgage. Collateral security will be required if amount exceeds.

  • The loan will be given by all banks to Pashu Kisan Credit card holder at a simple interest rate of 7% per annum. On payment of this 7% interest rate on time, a grant of 3% interest rate is given by the Government of India on loan amount up to Rs 3 lakh.

  • A loan of up to Rs. 3 lakh can be availed by the Pashu kisan credit card holder with 4% per annum simple interest on mortgage and up to 1.6 lakh without collateral security.

  • Like any other ordinary debit card prevalent in the market, the Pashu Kisan Credit Card can be used to withdraw money from any ATM machine and make any purchase from the market as per the certified limit. If there is a limit of 6797 in a month then only 6797 rupees can be withdrawn.

Documents required for Pashu Kisan Credit Card

  • Application form as per bank format

  • Hypothecation agreement

  • Documents for KYC - voter card, Aadhaar card, PAN card etc.

  • Passport size photo

  • Other documents as per bank

How to apply?

Interested farmers must go to their nearest bank to apply for Pashu Kisan Credit card. Take all necessary documents. Take the application form and fill it properly. After filling the application form, paste your passport size photo and attach all documents and submit it to the bank official.

Your application form will be verified within one month and after that you can avail loan to buy cow or buffalo.

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