To increase the income of the farmers, the Government of India is running many wonderful schemes. Apart from farming, animal husbandry is such an area where farmers can earn handsomely. The Central and State Governments are also running many excellent schemes to promote animal husbandry in the country. In such a situation, many farmers within the country are earning a good amount of money through animal husbandry. Given this, the government has started the Pashu Credit Card Scheme. Under the Animal Credit Card Scheme, the government is giving loans for animal husbandry. Under the Pashu Credit Card Scheme, the government is providing a loan of Rs 1.60 lakh to farmers for the purchase or maintenance of cows and buffaloes. In this episode, let us know in detail about the Animal Credit Card Scheme -
The special thing about the loan available under the Pashu Credit Card Scheme is that farmers do not have to mortgage anything on this loan. You have to pay a 7 percent interest rate on the loan availed on Animal Credit Card.
The special thing about this loan is that if the farmer repays the loan at the right time. In such cases, they are given a rebate of three percent. Because of this, the farmer has to pay only 4 percent interest on the loan.
Farmers have to repay the loan on Animal Credit Card within just 5 years. If you also want to get your animal credit card made. In this case, you have to visit your nearest bank.
Here you have to apply for the scheme by submitting all the documents. You will get the animal credit card within about 1 month of applying.
(PC: iStock)
