The Pashupalan Loan Yojana is a crucial initiative launched by the government to support farmers and livestock owners. Under this scheme, beneficiaries can avail loans of up to ₹10 lakh, with a quick approval process within 24 hours. The primary aim is to boost employment opportunities in rural areas and promote the growth of the livestock sector.
If you are planning to start a business in goat farming, dairy farming, poultry farming, or fish farming, this scheme can be highly beneficial for you.
Objectives of the Pashupalan Loan Yojana
The government is working towards increasing employment opportunities in rural areas and enhancing milk production through this scheme. The key objectives include:
✔ Providing financial assistance to farmers and livestock owners
✔ Promoting dairy and milk production
✔ Creating new employment opportunities in rural areas
✔ Strengthening the country’s economy
Key Details of the Scheme
| Scheme Name | Pashupalan Loan Yojana |
|---|---|
| Beneficiaries | Farmers & Livestock Owners |
| Loan Amount | ₹1 Lakh to ₹10 Lakh |
| Interest Rate | Varies based on loan amount |
| Subsidy | Up to 50% |
| Repayment Period | Maximum 5 Years |
| Loan Disbursement Time | Within 24 Hours |
| Authorized Bank | State Bank of India (SBI) |
Eligibility Criteria for Pashupalan Loan Yojana
If you reside in a rural area and are a farmer or livestock owner, you must meet the following eligibility criteria to apply for the loan:
✔ Must be an Indian citizen.
✔ Minimum age requirement: 18 years.
✔ Should be a farmer, livestock owner, or rural entrepreneur.
✔ Must not have any previous loan defaults with banks.
Loan Amount and Collateral Requirements
✔ Loan up to ₹1 lakh – No collateral required.
✔ Loan up to ₹5 lakh – Basic collateral required.
✔ Loan up to ₹10 lakh – Approval based on business plan and requirements.
Interest Rate and Repayment Period
✔ Interest Rate – Varies based on the loan amount.
✔ Repayment Period – Maximum of 5 years.
✔ EMI Option – Monthly installment payments available.
Benefits of the Pashupalan Loan Yojana
✅ Government provides a subsidy of up to 50%.
✅ Loan approval within 24 hours.
✅ Low-interest rates for easy repayment.
✅ Farmers can easily start or expand their Pashupalan business.
✅ Quick and hassle-free application process.
Required Documents for Loan Application
✔ PAN Card
✔ Aadhaar Card
✔ Business Plan related to Animal Husbandry
✔ Bank Passbook Copy
✔ Passport Size Photo
✔ Mobile Number
✔ Income Proof
How to Apply for the Pashupalan Loan Yojana?
1️⃣ Visit the nearest State Bank of India (SBI) branch.
2️⃣ Collect the Pashupalan Loan Yojana application form.
3️⃣ Fill in the required details and attach necessary documents.
4️⃣ Submit the form to the bank officer for verification.
5️⃣ Upon successful verification, the loan amount will be transferred to your account within 24 hours.
Conclusion
The Pashupalan Loan Yojana is an excellent opportunity for rural farmers and livestock owners to start their businesses and achieve financial independence. Whether you are involved in dairy farming, goat farming, or poultry farming, this scheme can significantly benefit you.
