Now cattle owners will bat, government will be giving loan of 10 lakh, application starts

Pashupalan loan yojana:The Government of India is running several schemes to strengthen the rural economy and increase the income of farmers. One of these important schemes is Animal Husbandry Loan Scheme. Under this scheme, cattle rearers can get a loan ranging from Rs 10 lakh to Rs 50 lakh, on which subsidy ranging from 50%. This scheme is a golden opportunity for farmers who want to grow their business in the field of animal husbandry or start a new business.
The scheme also helps in creating employment opportunities in rural areas and promoting dairy industry. Through this scheme, the government wants to empower farmers financially, so that they can become self -sufficient and contribute to the development of the country. In this article, we will know in detail about the animal husbandry loan scheme, including the application process, eligibility, necessary documents and other important information.
What is animal husbandry loan scheme?
Animal Husbandry Loan Scheme is a scheme launched by the Government of India aimed at providing financial assistance to farmers and cattle rearers so that they can increase their livestock and promote dairy business. The scheme provides loans to farmers at low interest rates to start or increase business related to cow, buffalo, goat, poultry and other livestock.
Main objective of the scheme

Animal husbandry increase the income of farmers
Creation of employment in rural areas
Dairy industry
Improve livestock quality
Make farmers self -sufficient

Animal Husbandry Loan Scheme Interest Rates and Subsidies
Interest rates in animal husbandry loan scheme may vary from bank rate bank, but usually it is between 4% to 9% per year. In addition, the government also provides subsidy of up to 50% on the loan amount to eligible applicants.
Eligibility criteria for animal husbandry loan scheme

The applicant should be a citizen of India.
The age of the applicant should be between 18 years to 60 years.
The applicant should have land for animals.
The applicant should experience animal husbandry.
Applicant's credit score should be good.

Documents required for animal husbandry loan scheme

Aadhar card
PAN card
Residence certificate (ration card/electricity bill)
Income certificate
Bank account statement
Passport Size Photo
Business project report
Livestock details

Application process for animal husbandry loan scheme

Go to your nearest bank branch which provides this plan.
Get the application form from the bank and fill it carefully.
Attach a photocopy of all the necessary documents.
Submit the filled form to the bank officer.