Pashu Kisan Credit Card

The government of India launched the ‘Pashu Kisan Credit Card’ for the benefit of all animal husbandry farmers. This card will increase the animal husbandry business in the country and help the farmers earn more. The Reserve Bank of India (RBI) has decided to extend the services of the Pashu Kisan Credit Card for a working capital requirement for a lot of activities that are related to animal husbandry and fisheries.

Features of Pashu Kisan Credit Card

Given below are the features of the Pashu Kisan Credit Card scheme:

• Livestock owners are eligible for a loan amount of up to Rs.3 lakh. The scheme will offer Rs.60,249 per buffalo, Rs.40,783 for each cow, Rs.720 per egg-laying hen, and Rs.4063 per sheep/goat. For loans up to Rs.1.6 lakh, no guarantee will be required.
• While financial institutions/banks provide loans at an interest rate of 7.00%, livestock owners under the Pashu Kisan Credit Card scheme will get loans at a lower interest rate of 4.00%.
• The livestock owners must repay the loan amount plus interest within five years.
• Loans will be provided to cattle owners in six equal instalments.
• The Central Government will provide a rebate of 3.00%.

How Can You Apply for the Pashu Kisan Credit Card

• In order to get a Pashu Kisan credit card, you will need to first visit a bank, and ask for the application form.
• The application form for the Pashu Kisan Credit Card needs to be submitted along with a few KYC documents. The bank officials will let you know about the documents that you need to submit.
• The credit card will be given based on the financial scale of work.

Important Documents for Pashu Kisan Credit Card

You will need to submit these documents when you apply for a Pashu Kisan Credit Card:

• Duly filled application form of the Pashu Kisan Credit Card
• Land documents
• Animal health certificate
• Passport size photographs
• Aadhaar card
• Permanent Account Number (PAN) card
• Voter ID
• Bank Account

Eligibility for Pashu Kisan Credit Card?

1. Fishery

   • Self Help Groups
   • Fish Farmers (individual, partners, groups, tenant farmers, and sharecroppers)
   • Women groups
   • Joint Liability Groups

   Please note that the beneficiary will have to lease or own any of the fisheries-related activities like a tank, pond, raceway, open water bodies, rearing unit, and hatchery. He/she should also have a licence for fish farming and fishing-related activities.

2. Marine Fisheries

   • Self Help Groups
   • Fish Farmers (individual, partners, groups, tenant farmers, and sharecroppers)
   • Women groups
   • Joint Liability Groups

   You should lease or own a registered fishing vessel, registered boat, have a fishing licence, and also permission for fishing in estuary and sea, and fish farming/mariculture activities in estuaries.

3. Poultry and Small Ruminant

   • Farmers
   • Poultry farmers (individual or joint borrower)
   • Joint Liability Groups
   • Self Help Groups (tenant farmers of goats/ sheep/poultry/ pigs/ rabbit/ birds/ who have owned/leased/ rented sheds)

4. Dairy

   • Farmers
   • Dairy farmers (individual or joint borrower)
   • Joint Liability Groups
   • Self Help Groups (tenant farmers having owned/leased sheds rented)

FAQs on Pashu Kisan Credit Card

1. Who can apply for a Pashu Kisan Credit Card?

   Individuals belonging to the economically weaker sections such as animal husbandry farmers, livestock owners, and fish farmers can apply for a Pashu Kisan Credit Card.

2. Which are the banks that offer the Pashu Kisan Credit Card?

   Pashu Kisan Credit Cards are offered by top banks such as Axis Bank, HDFC Bank, State Bank of India, etc.

3. What is the interest rate of the Pashu Kisan Credit Card Scheme?

   All livestock owners will have to pay an interest rate of 4.00% under the Pashu Kisan Credit Card Scheme.

4. What is the maximum loan amount offered to cattle farmers?

   Cattle farmers can get loans of up to Rs.3 lakh.

5. What is the loan repayment period of the Pashu Kisan Credit Card Scheme?

   The loan repayment period of the Pashu Kisan Credit Card Scheme is five years.

6. What is the minimum interest rate on Pashu Kisan Credit Card?

   The minimum interest rate on Pashu Kisan Credit Card 7% per annum.

7. Which banks offer Pashu Kisan Credit Card?

   Banks that offer Pashu Kisan Credit Card are the State Bank of India, Axis Bank, HDFC Bank, ICICI Bank, Bank of Baroda, etc.

8. Has the Reserve Bank of India decided to extend services of the Pashu Kisan Credit Card?

   Yes. The Pashu Kisan Credit Card scheme will now be extended by the Reserve Bank of India in order to continue meeting the animal husbandry-related services' working capital requirements.