Pashu Kisan Credit Card - Check Eligibility, Application Process, and Documents Needed

Introduction of Pashu Kisan Credit Card by the Government of India has come as a boon for animal husbandry farmers, as it offers financial assistance for their business ventures. This initiative is expected to boost the animal husbandry industry in the country and increase the income of farmers. The Reserve Bank of India (RBI) has extended the credit facility provided by the Pashu Kisan Credit Card for a wide range of activities related to animal husbandry and fisheries.

Features of Pashu Kisan Credit Card

The Pashu Kisan Credit Card scheme has several features, which are listed below:

1. Livestock owners can apply for a loan amount of up to Rs. 3 lakh. The scheme offers loans of Rs. 60,249 per buffalo, Rs. 40,783 per cow, Rs. 720 per egg-laying hen, and Rs. 4,063 per sheep/goat. No guarantee is required for loans up to Rs. 1.6 lakh.
2. The interest rate for loans provided by financial institutions/banks is 7.00%. However, under the Pashu Kisan Credit Card scheme, livestock owners can avail loans at a lower interest rate of 4.00%.
3. The loan amount and interest must be repaid within five years.
4. Loans will be provided to cattle owners in six equal instalments.
5. The Central Government provides a rebate of 3.00%.

Application Process for Pashu Kisan Credit Card

In order to apply for the Pashu Kisan Credit Card, here are the steps to be followed:

1. Visit a Bank: The first step is to visit a bank that offers the Pashu Kisan Credit Card. You can find a list of banks that offer this scheme on the official website of the government or the Reserve Bank of India (RBI).

2. Collect the Application Form: Once you have identified the bank, you need to collect the application form for the Pashu Kisan Credit Card from the bank. You can also download the form from the bank's website.

3. Fill the Application Form: The next step is to fill the application form with all the necessary details. You will be required to provide information about your livestock and the purpose for which you need the loan.

4. Submit KYC Documents: Along with the application form, you will also need to submit a few KYC documents like Aadhaar card, PAN card, and passport-size photographs. The bank officials will let you know about the documents that you need to submit.

5. Wait for Verification: Once you have submitted the application form and the KYC documents, the bank officials will verify your details and check your eligibility for the Pashu Kisan Credit Card. They may also visit your farm to verify the livestock details.

6. Receive the Credit Card: If your application is approved, you will receive the Pashu Kisan Credit Card within a few days. The card will be linked to your bank account, and you can use it to withdraw money or make purchases for your livestock-related activities.

It is important to note that the credit card will be given based on the financial scale of your work. The loan amount and interest rate will vary depending on the size of your livestock business and the purpose for which you need the loan.

Documents required to apply for a Pashu Kisan Credit Card

If you want to apply for a Pashu Kisan Credit Card, there are certain documents that you must have. These documents help to verify your identity and eligibility for the credit card. Some of the important documents that you need to submit include:

1. Duly filled application form of the Pashu Kisan Credit Card: The application form for the Pashu Kisan Credit Card is the first and most important document that you will need. You can get this form from any bank or financial institution that offers the Pashu Kisan Credit Card.

2. Land documents: You will also need to provide proof of your ownership of the land on which your livestock is located. This can be in the form of a land title or land deed.

3. Animal health certificate: This is a document that certifies the health of your livestock. You can get this certificate from a qualified veterinarian.

4. Passport size photographs: You will need to provide a few passport size photographs for identification purposes.

5. Aadhaar card: The Aadhaar card is a unique identification card issued by the Government of India. It contains your biometric and demographic data and is required for many government schemes.

6. Permanent Account Number (PAN) card: The PAN card is a unique identification number issued by the Income Tax Department. It is required for all financial transactions in India.

7. Voter ID: The Voter ID is another important identification document that is issued by the Election Commission of India. It contains your photograph and is required for voting in elections.

8. Bank Account: You will also need to have a bank account in your name. This account will be used for disbursing the loan amount and for repayment of the loan.

These are some of the important documents that you will need to submit when applying for a Pashu Kisan Credit Card. It is always a good idea to check with the bank or financial institution for any additional documents that may be required.

Eligibility criteria for Pashu Kisan Credit Card

The eligibility criteria for availing Pashu Kisan Credit Card varies based on the type of animal husbandry or fisheries activity you are involved in. Below are the details:

1. Fishery - For fishery, self-help groups, fish farmers (individual, partners, groups, tenant farmers, and sharecroppers), women groups, and joint liability groups are eligible for the scheme. The beneficiary should lease or own any of the fisheries-related activities such as a tank, pond, raceway, open water bodies, rearing unit, and hatchery. He/she should also have a license for fish farming and fishing-related activities.

2. Marine Fisheries - For marine fisheries, self-help groups, fish farmers (individual, partners, groups, tenant farmers, and sharecroppers), women groups, and joint liability groups can apply for the credit card. You should lease or own a registered fishing vessel, registered boat, have a fishing license, and also permission for fishing in estuary and sea, and fish farming/mariculture activities in estuaries.

3. Poultry and Small Ruminant - For poultry and small ruminants, farmers, poultry farmers (individual or joint borrower), joint liability groups, and self-help groups (tenant farmers of goats/sheep/poultry/pigs/rabbit/birds/who have owned/leased/rented sheds) are eligible.

4. Dairy - For dairy, farmers, dairy farmers (individual or joint borrower), joint liability groups, and self-help groups (tenant farmers having owned/leased sheds rented) can apply for the credit card.

It is important to note that the applicant must fulfil the requirements for each category, such as owning or leasing the necessary equipment, licenses, and permits.

FAQs on Pashu Kisan Credit Card

Here are some common FAQs on Pashu Kisan Credit Card:

Q1. What is the Pashu Kisan Credit Card?

Ans. The Pashu Kisan Credit Card is a credit scheme launched by the Indian government for animal husbandry farmers. The scheme provides loans to farmers for various activities related to animal husbandry and fisheries, including buying animals, constructing sheds, purchasing equipment, etc.

Q2. Who is eligible for the Pashu Kisan Credit Card?

Ans. Farmers who are involved in animal husbandry and fisheries activities are eligible for the Pashu Kisan Credit Card. The eligibility criteria may vary depending on the bank or financial institution providing the credit card.

Q3. What are the documents required to apply for the Pashu Kisan Credit Card?

Ans. The documents required to apply for the Pashu Kisan Credit Card may vary depending on the bank or financial institution. Generally, applicants are required to submit a duly filled application form, land documents, animal health certificate, passport size photographs, Aadhaar card, PAN card, Voter ID, and bank account details.

Q4. What is the interest rate for the Pashu Kisan Credit Card?

Ans. The interest rate for the Pashu Kisan Credit Card may vary depending on the bank or financial institution providing the credit card. Generally, the interest rate is lower than the interest rate charged for regular loans.

Q5. What is the repayment period for the Pashu Kisan Credit Card?

Ans. The repayment period for the Pashu Kisan Credit Card may vary depending on the bank or financial institution providing the credit card. Generally, the repayment period ranges from 5 to 7 years.

Q6. What is the maximum loan amount that can be availed through the Pashu Kisan Credit Card?

Ans. The maximum loan amount that can be availed through the Pashu Kisan Credit Card may vary depending on the bank or financial institution providing the credit card. Generally, the maximum loan amount is up to Rs. 3 lakhs.