Business loan of up to ₹ 10 lakh and EMI of just ₹ 2450, SBI Pashupalan Yojana turns back on your luck – start filling the form – StudyToper

Animal husbandry is a major means of livelihood in rural areas of India. Many farmers and rural youth today want to adopt animal husbandry as a business, but due to lack of capital, they are unable to realize their dreams. To solve this problem SBI Animal Husbandry Loan Scheme (SBI Pashupalan Loan Yojana) has been started.

Under this scheme, farmers and cattle rearers are now from bank Up to 10 lakh rupees You can start or increase your animal husbandry business by taking a loan of. This scheme is especially beneficial for those who want to enter businesses like dairy, cow-buffalo rearing, goat rearing, poultry, but are left behind due to financial constraints. With this loan of SBI, they can invest in their business and increase their income.

Let’s know complete information, eligibility, application process, necessary documents and other important things of this scheme.

SBI Pashupalan Yojana full information

SBI Animal Husbandry Loan Scheme There is a scheme in which State Bank of India (SBI) provides loans ranging from Rs 2 lakh to 10 lakh to farmers, cattle rearers and rural entrepreneurs for animal husbandry business. The purpose of this loan is to promote animal husbandry in rural areas and make people self -sufficient. The loan amount is directly transferred to your bank account and it can be used only for animal husbandry.

Plan

Benefits of SBI Animal Husbandry Loan Scheme

• low interest rates: The interest rate on the loan starts at 7% per year, lower than other business loans.
• Large loan amount: You can take a loan ranging from 2 lakh to 10 lakh rupees.
• Long repayment period: One gets a time of 3 to 5 years to repay the loan.
• Direct transfer: The amount of loan is directly transferred to your bank account.
• Simple application process: It is easy to apply, just go to the nearest SBI branch.
• Self -sufficiency: Rural youth and farmers get a chance to start their business.

Eligibility

• The applicant should be a citizen of India.
• Age should be between 18 and 60 years old.
• Farmers should be a cattleman or rural entrepreneur.
• No bank should be a defaulter.
• There should be a good CIBIL score.
• There should be a plan to start or expand the animal husbandry business.
• The loan taker should have the necessary documents.

Essential document

• Aadhar card
• PAN card
• Residence Certificate (Electricity Bill, Water Bill, Ration Card etc.)
• Identity Card (Voter ID/Driving License)
• Passport Size Photo
• Documents related to land/business
• Copy of bank passbook
• Income certificate (6 months of income details)

Application process

• Go to your nearest SBI branch.
• From there Animal Husbandry Loan Application Form Receive.
• Fill the form carefully and attach all the necessary documents.
• Submit the filled form to the bank officer.
• The bank will check your applications and documents.
• If needed, the bank can inspect your business site.
• After the application is approved, the loan amount is transferred to your account.

Loan amount and use

• For cow: up to ₹ 60,000 per cow
• For buffalo: ₹ 70,000 per buffalo
• Loans can also be found for dairy, goat rearing, poultry, animal feed, shed construction etc.
• Loans can only be used for animal husbandry and activities related to it.

Interest rate and repayment

• Interest Rate: Starts from 7% per year
• Repayment period: 3 to 5 years (as per bank conditions)
• Interest rebate can also be given on time to repay the loan.

Chief beneficiary of the scheme

• Small and marginal farmer
• Rural youth who want to do self -employment
• Women who want to enter animal husbandry business
• People associated with dairy, goat rearing, poultry, sheep rearing, boar rearing etc.

Some important things related to the scheme

• Use the loan amount only for animal husbandry.
• If the loan is misused, the bank can withdraw the loan.
• All documents should be correct and real.
• While applying, read all the conditions of the bank carefully.

Frequently asked questions related to the scheme (FAQ)

Question 1: Is this loan for all?
Answer: No, this loan is only for farmers/cattle ranchers who meet the eligibility criteria.

Question 2: How much can you get the loan amount?
Answer: 2 lakh to 10 lakh rupees.

Question 3: how to apply?
Answer: You can apply offline by going to the nearest SBI branch.

Question 4: What documents will be taken?
Answer: Aadhaar, PAN, residence proof, bank passbook, land/business document etc.

Question 5: How long does it take to get a loan?
Answer: The loan is transferred to the loan account within 24 hours after all the procedures are completed.

Question 6: Is online application possible?
Answer: At present, the application process is offline, you have to go to the bank branch.

Importance of scheme

• The rural economy is strengthened.
• The income of farmers increases.
• Milk, meat, egg production increases in the country.
• There are new self -employment opportunities.
• Women also get economic freedom.

Planning precautions

• Avoid any fake website or agent.
• Apply only in the bank branch.
• Prepare all the documents yourself and get information from the bank officer itself.
• Read the terms and interest rates of the bank carefully.

Disclaimer: SBI Animal Husbandry Loan Scheme There is a real and government recognized scheme, which is being run by State Bank of India. This scheme has been launched to empower farmers and cattle rearers. However, be careful with online fraud and misinformation. Apply only by going to the nearest SBI branch and do not share your information on any unauthorized person or website. The conditions of the scheme can change from time to time, so take latest information from the bank before the application.