The SBI Pashupalan Loan Yojana is a highly beneficial scheme launched by the Central Government and the State Bank of India, bringing significant relief to farmers and livestock owners. Under this scheme, farmers are offered loans up to ₹10 lakh and a subsidy of up to 25%. If you are interested in starting a cow, buffalo, dairy, or goat rearing business, this scheme is a golden opportunity.
SBI Pashupalan Loan Yojana
This scheme has been implemented with the aim of making farmers self-reliant. Under this scheme, SBI (State Bank of India) is providing financial assistance to farmers for activities such as animal husbandry, dairy farming, poultry farming, and goat rearing. This will increase both employment and income in rural areas.
SBI Animal Husbandry Loan: Complete Details of Subsidy and Loan Amount
- Under this scheme, farmers can get a loan of up to Rs 10 lakh.
- The government is providing subsidy of up to 25%, which reduces the loan burden on farmers.
- Women farmers and marginal farmers are given special concessions in interest rates on loans.
- The loan repayment period has been kept from 3 to 7 years as per the convenience of the farmers.
Eligibility for SBI Animal Husbandry Loan Scheme
- The applicant must be an Indian citizen.
- It is necessary to be a farmer or a person associated with animal husbandry.
- The applicant must be above 18 years of age.
- The project for which the loan is being taken must have a viable plan.
Documents required for application
- Identity card (Aadhaar card, Voter card or Driving license)
- Address proof (ration card or electricity bill)
- Bank passbook and passport size photograph
- Income Certificate
- Animal Husbandry Project Report (if available)
SBI Animal Husbandry Loan Scheme Apply Online
- First of all go to the official website of SBI.
- There, go to the “Agriculture Loan Section” and select the option of “Animal Husbandry Loan”.
- Fill the application form with correct information.
- Upload all the required documents.
- After submission, the bank officer will contact you and explain the further process.
Offline Application Process
If you do not want to apply online, you can apply for this scheme by visiting your nearest SBI branch.
- The bank officer will give you the application form.
- After filling the form, submit the required documents.
- The loan approval process will be initiated after the eligibility check.
Interest Rates in SBI Pashupalan Loan
The interest rate under this scheme ranges from 7% to 9%, depending on the applicant’s credit history and the loan amount.
The government is also offering interest rebates of up to 2% for certain categories of farmers.
Government Assistance in SBI Animal Husbandry Loan
Along with SBI, the central government is also playing a key role in making this scheme successful. With the support of NABARD (National Bank for Agriculture and Rural Development), these loans are being easily approved so that more farmers can benefit from them.
Benefits of SBI Animal Husbandry Loan Scheme
- Farmers can start animal husbandry business in their own village.
- Rural employment will get a boost.
- The financial burden will be reduced by getting subsidy on bank loans.
- Facilities related to dairy and animal husbandry will improve.
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FAQs
What is the maximum loan amount available under the SBI Animal Husbandry Loan Scheme?
Farmers can get a maximum loan of ₹10 lakh.
Is there a subsidy under this scheme?
Yes, farmers are provided with a 25% subsidy by the government.
What is the loan tenure?
The maximum loan repayment period is 7 years.
Can women farmers also apply?
Yes, special interest rates are discounted for women farmers.
Can I apply online or offline?
Yes, you can apply through both methods.
Conclusion
SBI Pashupalan Loan Yojana is a golden opportunity for farmers to become financially strong. If you want to start a dairy, goat, or poultry business, this scheme can make your dreams come true. With government subsidies and a simple loan process, this scheme is a major step towards rural development.