Under the Pashudhan Kisan credit card Yojana, it is intended to provide farmers with a loan of up to Rs. Could This program is being implemented with the aim of increasing the income of small farmers from animal husbandry and other sources.
Kaithal DC Jagdish Sharma has explained that under the Pashudhan Kisan Credit Card Scheme, the farmer can obtain credit for the expenses incurred in caring for his animals through the Pashudhan Kisan Credit Card. Any pastoralist can get a Pashudhan Kisan credit card up to a limit of 1,60,000 rupees with no land pledge and no guarantee as security. If a rancher wants to get a Pashudhan Kisan credit card in excess of this amount, they must deposit their land or a guarantee.
He said the Pashudhan Kisan credit card holder will receive a loan from the bank at a simple interest rate of 7 percent per annum. If the cardholder repays their loan on time, they receive a 3 percent interest rebate from the central government and the pet owner only has to repay this loan at an interest rate of 4 percent. He said that in line with the 7 percent interest rate, an interest subsidy of 3 percent would be provided by the central government on the maximum loan amount up to 3 lakh rupees. The credit amount can be drawn and deposited by the cardholder from time to time as needed. The cardholder is obliged to deposit the entire amount of the borrowed credit on any day within a period of one year from the date of withdrawal or issuance, so the credit amount becomes zero once a year.
If the loan taken out by a Pashudhan Kisan credit card holder is not repaid within one year, he must repay the loan at an interest rate of 12 percent per annum. The Livestock Farmer credit card holder can use it like any other credit/debit card commonly available in the market to withdraw money from any ATM or to make purchases within the certified limit on the market. Depending on the different animal categories and the length of the financing period, the credit is granted to the pet owner through the Pashudhan Kisan credit card. Interested ranchers can apply for the Pashudhan Kisan credit card by going to the nearest government veterinary hospital or bank. In order to make an application, the animal facility needs to submit all the documents like Aadhaar card, PAN card, animal insurance, animal health certificate, etc. along with the application form to the bank.
