Punjab Kisan Credit Limit Scheme 2022 - objective, features, benefits, eligibility, Application process, limits, implementation & more

The state government of Punjab started the Kisan Credit Limit Scheme 2022. In this Scheme Punjab govt. aims to set Kisan's credit limit for cattle breeders (Pashu Palak) just like a farmer. This Scheme was started on 30 June 2020. The govt. set a limit of rs. 3 lakh per family at a rate of interest of 4%.

Punjab Kisan Credit Limit Scheme, Overview

the state government of Punjab started the Kisan Credit Limit Scheme 2022. In this Scheme Punjab govt. aims to set Kisan's credit limit for cattle breeders (Pashu Palak) just like a farmer. This Scheme was started on 30 June 2020. The govt. set a limit of rs. 3 lakh per family at a rate of interest 4%. Small and landless Cattle breeders (Pashu Palak) will benefit exceedingly from the Kisan Credit Limit Scheme. Now if someone has to borrow up to Rs. 1.6 lakh, Security in the form of land is not required.

Punjab Kisan Credit Limit Scheme, Objective

The Punjab government aims to encourage animal husbandry(Pashupalan) through Kisan Credit Limit Scheme.

Punjab Kisan Credit Limit Scheme, features

• Livestock breeders can choose their own limit of credit.
• Cattle breeders will get loans up to Rs. 3 lakh at rate of interest 4%.
• Animal breeders will get loan of Rs. 160000 without any security.
• It is up to the cattle to avail the benefits of the scheme.
• A limit of 6 months has been fixed per animal.
• The payback time depends on the convenience of the farmer. it can take an additional limit after the amount has been reimbursed.
• The bank will not charge any fee.

Punjab Kisan Credit Limit Scheme, Benefits

• Loan up to Rs. 3 lakh at rate of interest 4%.
• Property or land isn't needed to be sold as security for benefiting the advance
• Rs. 160000 advance without security
• The recipient can get the sum through the card at normal stretches

Eligibility for Punjab Kisan Credit Limit Scheme

• Must be a citizen of Punjab
• Must have cattle such as buffalo, large breed cattle, cows, sheep, goats, broilers, female pigs and locally reared laying hens.
• A bank account in the name of the cattle farmer is required

Application procedure:

• Visit the website of the bank or branch closest to your account.
• Find the link to the Kisan Credit Limit Program Application Form or collect the form.
• Fill in the information requested in application form.
• Attach / upload the required documents and insert your photo.
• Review the application form and submit if all information is correct.
• The bank issues a credit card to the beneficiary.

Limits Fixed per Animal by govt.

Implementation of Animal Husbandry(Pashupalan) Promotion Scheme

The state government. will focus on broad outreach for this Punjab Kisan Credit Limit Scheme, which would ensure that the maximum number of farmers associated with the Specialist can get the most out of the new pashupalan Samvardhan program. The livestock, fisheries and dairy development departments have been fully informed of the plan.
The cattle owner can withdraw the required amount (based on the above bank credit limit). the total limit every day of the year and you will receive a new limit for the kisan credit card template.The bank does not charge a fee for the limitation.

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