Pashu Kisan Credit Card | Apply Online, Benefits & Features

The Government of India starts the ‘Pashu Kisan Credit Card’ to benefit all animal husbandry farmers. It will grow the animal agriculture business in our country and help the farmers earn money. Now, animal farmers all around India can hold this Pashu credit card to help with a loan for animal husbandry and related purposes. 

What is Pashu Kisan Credit Card (PKCC)?

It helps farmers to secure loans for animal husbandry at a low-interest rate. This card not only helps the farmers earn money but also helps to boost the animal husbandry business. The RBI has extended the Pashu Kisan Card services for working capital requirements for activities related to animal husbandry and fisheries.

Pashu Kisan Credit Card Scheme:

The Haryana Government launched the PKCC Scheme to provide cattle farmers loans. To avail of the loan amount, animal owners must have a Pashu Kisan Credit Card.

Haryana is the first state in our country to implement this scheme. Initially, PKCC has distributed among 101 Bhiwani in Haryana. The Government aims to provide a ten lakhs card by March 2021.  

Under this scheme, loans provide to farmers involved in breeding cows, buffaloes rearing, goat rearing, sheep rearing, poultry rearing, and fish farming. It would be best if you had a PKC Card to apply for a loan. To get the loan, one must ensure their cattle beforehand, and Rs.100 has to pay for the same. 

Objectives of the Scheme:

The main objective of our Government is to provide financial help for cattle farmers:

• Farmers who breed cows can get Rs.40,783
• Buffalo breeders can avail of Rs.60,249
• The credit amount for sheep and goats is Rs.4063
• Farmers who rear pigs can get Rs.16337
• Poultry farmers who have hens that lay eggs will get Rs.720
• Assist farmers involved in animal husbandry.
• Help grow their business across the nation.
• Double the income of cattle farmers by 2023.

Features of Pashu Kisan Credit Card:

The features of the PKCC scheme has given below.

Loan amount:

Livestock owners can get a maximum loan amount of up to ₹ three lakhs. This scheme provides ₹40,783 for the cow, ₹60,249 for each buffalo, ₹4063 for goats and sheep. Further, the PKCC scheme provides ₹720 for chickens (laying eggs). Further, no guarantee has required for a loan up to ₹1.6 lakhs.

Instalment Pattern:

The Pashu Kisan Credit Card scheme offers loans to cattle farmers in 6 equal instalments.

Interest Rate:

Banks or financial institutions usually offer loans at a 7% interest rate. However, under this scheme, livestock owners must pay a 4% interest charge.

Rebate:

Cattle owners may get a rebate of 3% from the Central Government.

Repayment Period:

This scheme comes with a repayment period of 5 years, meaning cattle owners need to repay the loan amount within five years with the applicable interest charge.

Benefits of Pashu Kisan Credit Card:

Here are some of the benefits of this scheme:

• Under this scheme, cattle farmers get a loan in times of urgency
• This scheme is applicable across the country
• The farmers will get credit cards under this scheme which they can use as debit cards in a bank
• If the farmers can pay back the loan within the specified time, they will get a subsidy and rebate
• Farmers involved with agricultural activities can get assistance with post-harvest expenses with this scheme

Who are eligible to Apply for a Pashu Kisan Credit Card?

Farmers who either do not own or have less land and are involved in livestock rearings, such as cows, buffalo and goats, can apply for the scheme and avail of the benefits. In addition, this scheme applies to cattle farmers who belong to the weaker section and sell their animals due to financial weakness or incapacity to pay for the treatment cost when the animal gets ill. 

Eligibility Criteria for a Pashu Kisan Credit Card Yojana:

The eligibility criteria of the Pashu Credit Card Yojana vary from one category to another as per the type of cattle farming. These include,

Poultry and Small Ruminants:

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

Dairy:

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

Fishery:

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

Note: Beneficiaries must lease or own any fisheries-related activities like rearing unit, tank, pond, raceway, open water bodies, and hatchery. They must have a licence for fish farming and fishing-related activities.

Marine Fisheries:

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

Note: Beneficiaries must lease or own a registered fishing vessel or registered boat. In addition, they must have a fishing licence. Further, they must have permission for fish in the sea, estuary, and fish farming/mariculture activities in estuaries.

Documents Required for Pashu Kisan Credit Card:

Following is a list of all the important documents of the Pashu Credit Card Scheme –

• Duly filled-in and signed-in application forms are accepted for the PKCC scheme.
• Address proof copy (Aadhaar card/Voter ID/PAN card/driving license.)

Note: Applicants should submit an address proof copy verifying their current address)

• Identity proof copy (Aadhaar card/Voter ID/PAN card/driving license
• Land documents
• Passport size photo
• Other documents (security PDC as requested by the issuing bank)
• Animal health certificate
• Mobile Number
• Bank account details

Pashu Kisan Credit Card Online Apply:

Following are the steps to apply for Pashu Kisan Credit Card online:

• Visit the website of any nationalised bank.
• Choose the Kisan Credit Card option and click ‘Apply.’
• A new page will open, fill out all the Pashu Kisan Credit Card application forms and click on the ‘Submit.’ button.
• You will receive an application reference. The bank will contact you upon successfully verifying your application in 3 to 4 business days.

Apply for the Pashu Kisan Credit Card Offline:

You can follow the steps given below to apply for PKCC offline:

• Visit the nearest bank to get the Pashu Kisan Credit Card. 
• Collect the application form and fill in all the details asked for
• Submit all the necessary documents along with your filled-up application form and complete the KYC verification.
• After one month of applying, you will receive the Pashu Kisan Credit Card.

Conclusion:

PKCC Scheme is one of the most promising and innovative schemes that work towards meeting cattle farmers’ credit requirements. The scheme focuses on livestock development. 

FAQs:

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