Pashu Kisan Credit Card Yojana: Objectives, Features, Benefits

The Pashu Kisan Credit Card Yojana has been a game-changer for Indian cattle farmers, offering them access to much-needed financial support.

What Is the Pashu Kisan Credit Card?

Launched by the Haryana government, the Pashu Kisan credit card scheme is specifically designed for livestock owners to help them manage expenses related to their animals.

Farmers can now easily take loans to cover costs such as feed, medicine, and livestock care through this credit card scheme. This scheme benefits the farmers and boosts India's agricultural economy by promoting animal husbandry.

This card functions similarly to the Kisan Credit Card, but it is designed to support the needs of those involved in cattle farming.

The Pashu Kisan credit card scheme offers a maximum loan amount based on the number and type of animals the farmer owns, ensuring easy and quick access to funds for the animal’s upkeep.

Introduction To Pashu Kisan Credit Card Scheme

Cattle farming has always been a crucial part of rural India's economy, and the Pashu Kisan credit card aims to provide much-needed financial support to farmers engaged in this activity.

Through this scheme, farmers can access credit easily without the burden of complicated formalities.

The Pashu credit card online application process has made it even more accessible for farmers across India, allowing them to apply from the comfort of their homes.

Through this scheme, the government strives to create an inclusive environment for cattle farmers to thrive.

What Are the Objectives of the Pashu Kisan Credit Card Scheme?

The Pashu Kisan credit card scheme has four clear objectives aimed at helping the rural cattle-farming community.

• It seeks to offer financial support to livestock farmers by providing them with easy access to credit for the maintenance of their animals.
• The scheme promotes animal welfare by enabling farmers to provide adequate livestock food, shelter, and healthcare.
• The Pashu Kisan credit card funds can be used for veterinary care and disease prevention, encouraging better livestock management.
• Ultimately, the goal is to enhance the quality of animal husbandry in India and improve the overall well-being of livestock.

Features of the Pashu Kisan Credit Card

The Pashu Kisan Credit Card comes with several features tailored to the needs of livestock farmers:

• It provides easy access to loans at low interest rates, making it affordable for farmers.
• The loan amount is determined based on the number and type of livestock, ensuring that farmers get the right financial support. For instance, a cow may qualify for a loan amount different from a buffalo or goat.
• The Pashu credit card online process makes the application simple and hassle-free, ensuring that farmers can apply without visiting multiple offices.
• The repayment terms are also flexible, allowing farmers to repay the loan in instalments that align with their income cycle.

Benefits of the Pashu Kisan Credit Card Scheme

The Pashu Kisan credit card scheme offers numerous benefits to cattle farmers:

• Credit cards provide financial security by giving them access to credit at low interest rates.
• The scheme promotes animal health and well-being by allowing farmers to invest in proper feed, veterinary care, and shelter.
• The Pashu Kisan credit card online application option has made the process highly accessible.
• The flexibility in loan repayment ensures farmers can manage their finances without undue pressure.

Eligibility Criteria for the Pashu Kisan Credit Card

Certain eligibility criteria must be met to avail of the Pashu Kisan credit card. Here is a quick overview of the various eligible sectors:

Dairy

Farmers involved in dairy farming are eligible for the Pashu Kisan credit card. This includes owners of cows, buffaloes, and other milch animals. The credit provided through this card can be used to purchase feed, medicine, and other essentials required to maintain the health and productivity of dairy animals.

For example, a farmer with five cows may qualify for a loan amount calculated based on the number of animals, ensuring their needs are adequately met. The dairy sector benefits immensely from this scheme, enabling farmers to boost their production by maintaining healthier livestock.

Poultry and Small Ruminant

The Pashu Kisan credit card scheme extends to poultry farmers and those raising small ruminants like goats and sheep. These farmers can use the card to cover expenses related to feed, medicine, and general care for their birds and animals.

Poultry farming, which has seen significant growth in India, benefits from this scheme as it allows farmers to manage their operations more efficiently. Similarly, those who rear goats and sheep, often considered valuable assets in rural economies, can take advantage of this credit scheme to improve the health and productivity of their flocks.

Fishery

Farmers involved in fisheries are also eligible for the Pashu Kisan Credit Card. The scheme provides financial assistance for purchasing fish feed, maintaining fish ponds, and ensuring the general upkeep of aquatic livestock.

India’s fisheries sector is expanding rapidly, and this scheme helps farmers enhance production by ensuring that their aquatic livestock is well-fed and maintained. Farmers who engage in inland fisheries or operate large ponds can use the loan amount to invest in modern techniques or buy high-quality feed, ensuring better yields and higher profits.

Marine Fisheries

Farmers involved in marine fisheries can also avail of the Pashu Kisan credit card scheme. This sector, which involves deep-sea fishing and the maintenance of marine species, benefits from the financial assistance provided by the credit card. Fishermen can use the loan to maintain their boats, buy high-quality fish feed, or invest in equipment necessary for deep-sea fishing.

Thus, the Pashu Kisan credit card supports farmers in both inland and marine fisheries, ensuring they have the resources needed to maintain a sustainable livelihood.

What Are the Documents Required for Pashu Kisan Credit Card?

To apply for the Pashu Kisan credit card, farmers need to submit a few KYC (Know Your Customer) documents. These include identification proof such as an Aadhaar card, proof of livestock ownership, and proof of residence.

In addition, they may be required to provide bank account details and a recent passport-sized photograph. These documents help ensure the farmer qualifies for the loan and the credit is disbursed to the rightful individual.

Application Procedure of Pashu Kisan Credit Card

Farmers can apply for the Pashu Kisan credit card online and offline. Here’s how each process works.

Online Application

Farmers who prefer the convenience of digital services can apply for the Pashu Kisan credit card online. The application process involves visiting the official portal and filling in the required details, such as name, livestock ownership, and bank account information.

After submitting the form, farmers must upload the necessary documents, including proof of identity and livestock ownership. Once the verification process is completed, the credit card will be issued. The Pashu Kisan credit card online application option has made it easier for farmers to access credit without leaving their homes.

Offline Application

The Pashu Kisan credit card scheme can also be applied offline for those who prefer traditional methods. Farmers can visit the nearest bank branch that offers the scheme and fill out the application form.

The application will be processed after the necessary documents, including identity proof and livestock details, are provided. The bank will verify the information, and upon approval, the farmer will receive their Pashu Kisan credit card. This option is useful for farmers who may not have easy access to the internet or prefer in-person interactions.