Pashudhan Credit Guarantee Yojana Apply Online & Application Form | Pashudhan Credit Guarantee Yojana Check Beneficiaries & Key Guidelines | Pashudhan Credit Guarantee Yojana Check Selection & Implementation Procedure | Pashudhan Credit Guarantee Yojana Check Eligibility & All Details |

Have you heard about the Pashudhan Credit Guarantee Yojana? It’s a cool government program that helps out livestock farmers in India. Basically, the Department of Animal Husbandry and Dairying came up with this scheme to make life easier for farmers who raise animals. They want to make it simple for these farmers to get loans and lessen the risks that come with livestock farming. Pretty neat, right?

This article will provide you with all types of information about the Pashudhan Credit Guarantee Yojana 2024 like purpose, Eligibility Criteria, Benefits, Features, important documents, etc. Apart from this, we will share the process to apply online for this scheme. To get complete information about this scheme, read this article till the end.

Pashudhan Credit Guarantee Yojana 

The government’s outstanding effort to assist livestock farmers and encourage the growth of India’s animal husbandry industry is the Pashudhan Credit Guarantee Yojana. The program intends to empower farmers and enhance their standard of living by supplying credit guarantee coverage and other forms of financial support. It is a step in the right direction the of continuing to support the livestock industry’s sustained development and guaranteeing the financial inclusivity of livestock farmers.

The government of India launched the Pashudhan Credit Guarantee Yojana with the goal of supporting and aiding livestock farmers in India financially. This initiative, which was started under the Ministry of Animal Husbandry, Dairying, and Fisheries, intends to improve the financial inclusion and public well-being of farmers who raise animals.

Highlights of Pashudhan Credit Guarantee Yojana  

The highlights of this scheme are as follows:-

Objectives of Pashudhan Credit Guarantee Yojana 

The first objective of the Pashudhan Credit Guarantee Yojana is to promote financial inclusion among livestock farmers. Many farmers in rural areas lack access to formal banking services, making it difficult for them to access credit and financial resources. This scheme aims to bridge this gap by providing collateral-free credit facilities to livestock farmers, enabling them to meet their financial needs. Eligible farmers can avail of loans for various purposes, including purchasing livestock, constructing sheds, buying equipment, and meeting working capital requirements. 

The second objective of the Pashudhan Credit Guarantee Yojana is to mitigate the risks associated with livestock farming. Livestock farming is a highly vulnerable sector, prone to risks such as disease outbreaks, natural disasters, and market fluctuations. These risks can cause significant financial losses for farmers. Through this scheme, the government provides credit guarantee cover to lending institutions, reducing their risk exposure when providing loans to livestock farmers.

Pashudhan Credit Guarantee Yojana Eligible Beneficiaries

This scheme aims to provide financial support to livestock farmers in India. Eligible beneficiaries include individuals, self-help groups, joint liability groups, and farmers’ clubs engaged in livestock farming activities. So these will be the eligible beneficiaries who will be able to get an online registration.

Key Guidelines

The program follows certain guidelines to ensure efficient implementation and maximum benefit to the beneficiaries. These guidelines include:-

• Prioritizing small and marginal farmers
• Encouraging women’s participation in livestock farming
• Promoting sustainable and eco-friendly practices
• Providing credit for various activities such as dairy farming, poultry, goat rearing, etc.

Amount of Benefit

The amount of benefit provided under this scheme varies based on the specific requirements of the beneficiaries. The program offers credit guarantees up to a certain percentage of the loan amount, ensuring that farmers have access to affordable credit for their livestock farming activities. It also depends upon the amount of loan undertaken by the applicant.

Pashudhan Credit Guarantee Yojana Selection Procedure

The selection of beneficiaries for this scheme is done through a transparent and objective process. Eligible applicants can submit their applications to the designated authorities, who evaluate the proposals based on predefined criteria such as the viability of the livestock farming project, repayment capacity, and adherence to environmental and animal welfare standards. So this will be the selection procedure.

Implementation Procedure

The implementation of this scheme involves collaboration between various stakeholders, including financial institutions, government departments, and livestock development agencies. Once the beneficiaries are selected, the financial institutions disburse the loans, and the beneficiaries utilize the funds for their livestock farming activities. So this will be the implementation procedure being followed by the implementors.

Supervision Body

The scheme is supervised and monitored by the Department of Animal Husbandry and Dairying, Ministry of Fisheries, Animal Husbandry, and Dairying, Government of India. This ensures the proper implementation of the program and the effective utilization of the credit guarantees for the benefit of livestock farmers. So this is the supervision body held responsible for supervision.

Loan Amount & Repayment

The loan amount under this scheme can range from Rs. 10,000 to Rs. 1 crore, depending on the requirement and repayment capacity of the farmer. The repayment period can vary from 3 to 7 years, including a moratorium period of 6 months to 1 year. The loan amount must have to be paid within the stipulated amount of time.

Interest Rates

The interest rates for loans under this scheme are determined by the respective banks and financial institutions. The rates may vary depending on factors such as the loan amount, repayment period, and the farmer’s creditworthiness. Farmers should compare interest rates offered by different lenders before finalizing the loan.

Security & Collateral

Under this scheme, no collateral or third-party guarantee is required for loans up to Rs. 10 lakh. However, for loans exceeding Rs. 10 lakh, the bank may ask for collateral security in the form of land, buildings, or any other acceptable asset. So this will be the collateral security.

Loan Application Process

To apply for a loan under this scheme, farmers need to follow these steps:

• Contact the nearest bank or financial institution that participates in the scheme.
• Collect the loan application form and fill it with accurate and complete details.
• Submit the application form along with the required documents, including identification proof, address proof, and documents related to the ownership of livestock.
• The bank will verify the application and conduct a field visit to assess the viability of the project and the farmer’s creditworthiness.
• If the loan is approved, the bank will disburse the funds to the farmer’s bank account.

Insurance Coverage

Under this scheme, the livestock financed by the loan are covered under an insurance policy. This insurance provides coverage against natural calamities, diseases, and other unforeseen events that may lead to the loss of livestock. So this will be the insurance coverage that will be provided to the applicants.

Benefits of Pashudhan Credit Guarantee Yojana 

The benefits of this scheme are as follows:-

• The Pashudhan Credit Guarantee Yojana provides credit guarantees to farmers, which means that in case of default by the borrower, the government guarantees repayment of the loan to the bank. This guarantee encourages banks to lend to livestock farmers who may otherwise face difficulties in obtaining credit due to a lack of collateral or other reasons.
• One of the primary benefits of this scheme is that it facilitates easy access to credit for livestock farmers. Under this scheme, farmers can avail of loans for various purposes such as purchasing livestock, constructing sheds, buying equipment, and more. This financial assistance enables farmers to expand their livestock business and improve their income.
• Another significant benefit of this scheme is that it offers lower interest rates on loans taken by livestock farmers. The government provides interest rate subsidies to farmers, reducing the burden of high-interest payments. This makes credit more affordable and encourages farmers to invest in their livestock business.
• This will offer flexible repayment options to farmers, taking into account the seasonal nature of livestock farming. Farmers can choose repayment schedules that align with their income patterns, ensuring that they can repay the loan without facing financial difficulties.
• Under this scheme, livestock farmers are provided with insurance coverage for their animals. This coverage protects farmers from financial losses in case of accidental death, disease, or any other unforeseen circumstances. Insurance coverage provides a safety net for farmers and encourages them to invest in livestock farming without the fear of significant financial setbacks.
• This scheme focuses not only on financial assistance but also on skill development and training for livestock farmers. The scheme provides training programs to enhance the knowledge and skills of farmers in livestock management, animal health, breeding techniques, and other relevant areas. This empowers farmers to adopt modern practices and improve the productivity of their livestock.
• By providing access to credit and training, the scheme contributes to improved livestock health. Farmers can invest in better healthcare facilities, vaccines, and medicines, leading to a reduction in livestock diseases. This, in turn, enhances the overall productivity and profitability of the livestock sector.
• This scheme will play a vital role in generating employment opportunities in rural areas. Livestock farming requires a significant workforce for activities such as animal care, feeding, milking, and more. By supporting the growth of the livestock sector, the scheme creates employment opportunities for rural communities, contributing to their economic development.
• Livestock farming has the potential to lift rural communities out of poverty. The Pashudhan Credit Guarantee Yojana aims to alleviate poverty by empowering livestock farmers with financial support, training, and resources. By improving the income and livelihoods of farmers, the scheme helps in reducing poverty in rural areas.
• Lastly, the Pashudhan Credit Guarantee Yojana promotes the development of a sustainable livestock sector. By providing financial assistance, credit guarantees, and training, the scheme encourages farmers to adopt sustainable practices in livestock management.

Features of Pashudhan Credit Guarantee Yojana  

The features of this scheme are as follows:-

• The Pashudhan Credit Guarantee Yojana offers credit guarantee coverage to farmers and livestock owners. This means that in case of default by the borrower, the credit guarantee scheme will compensate the lending institution up to a certain percentage of the loan amount.
• Under this scheme, collateral-free loans are provided to farmers and livestock owners. This eliminates the need for pledging assets as security for obtaining loans, making it easier for small and marginal farmers to access credit.
• This scheme provides loans ranging from small amounts to larger sums, depending on the needs of the borrowers. This ensures that farmers and livestock owners can obtain adequate financial support for their animal husbandry and dairy-related activities.
• One of the significant features of this scheme is the provision of interest subsidy. Farmers and livestock owners can avail of reduced interest rates on their loans, making it more affordable for them to repay the borrowed amount.
• The scheme offers flexible repayment options to borrowers, considering the seasonal nature of animal husbandry and dairy-related activities. This enables farmers and livestock owners to repay their loans in a manner that aligns with their income patterns.
• The scheme provides a flexible loan tenure, allowing borrowers to choose a repayment period that suits their financial capabilities. This ensures that the loan repayment does not become a burden for farmers and livestock owners.
• The application process for availing loans under this scheme is simplified and streamlined. Farmers and livestock owners can apply for loans through designated financial institutions, making it convenient for them to access credit.
• Insurance coverage is provided to livestock, protecting farmers from financial losses due to the death or disability of their animals. This helps in mitigating the risks associated with animal husbandry activities.
• The scheme focuses on skill development and capacity building of farmers and livestock owners. Training programs and workshops are organized to enhance their knowledge and skills in animal husbandry and dairy-related activities, thereby improving their income-generating potential.
• Pashudhan Credit Guarantee Yojana plays a crucial role in promoting livelihood opportunities in rural areas. By providing financial support to farmers and livestock owners, the scheme contributes to the growth and development of the animal husbandry sector, leading to increased employment and income generation.

Pashudhan Credit Guarantee Yojana Eligibility Criteria 

The applicants will need to follow the below-mentioned points to apply online for this scheme:- 

• To be eligible for the Pashudhan Credit Guarantee Yojana, farmers must fall into one of the following categories:-
  • Individual farmers
  • Joint farmers (maximum of three members)
  • Self-help groups (SHGs) of farmers
  • Farmers’ Producer Organizations (FPOs)
• There is no specific age criterion for eligibility under this scheme. Farmers of all age groups can apply for the Pashudhan Credit Guarantee Yojana.
• The primary requirement for eligibility is that the applicant must be engaged in livestock farming. This includes activities such as dairy farming, poultry farming, goat rearing, pig farming, and other related activities.
• Applicants must have a credit requirement for their livestock farming activities. They should be seeking financial assistance to invest in the development, expansion, or improvement of their livestock business.
• Applicants must have a valid bank account in their name. This is necessary for the disbursement of funds under the Pashudhan Credit Guarantee Yojana.
• Under this scheme, the credit facility provided to farmers is guaranteed by a credit guarantee fund. The farmers must adhere to the terms and conditions set by the credit guarantee fund to avail the benefits of the Pashudhan Credit Guarantee Yojana.
• Applicants must demonstrate their loan repayment capacity. This can be done by providing relevant documents such as income proof, bank statements, and other supporting documents as required by the lending institution.
• Additional requirements may vary depending on the specific guidelines set by the government or the lending institutions. These may include factors such as land ownership, experience in livestock farming, and compliance with animal welfare regulations.

Important Documents 

Some of the important documents required to apply online for this scheme are as follows:-

• Aadhaar Card
• Proof of Residence
• Land Ownership Documents
• Bank Account Details
• Income Proof
• Business Plan

Pashudhan Credit Guarantee Yojana Apply Online

As this scheme has been recently launched no such information has been released with the help of various social networking sites regarding the application procedure to apply online for the Pashudhan Credit Guarantee Yojana. Whenever the application procedure is launched, we will update you through this article otherwise, the applicant can visit the Official Website.

Getting Contact Details

The applicants will need to follow the below-mentioned points to contact details:-

• Visit the official website.
• Now you will get land on the homepage.
• Scroll down the page, until you will reach the homepage.
• Click on the Contact Us link.

• The contact details will be displayed.

Contact Information

In case of queries and questions come to your mind regarding the Pashudhan Credit Guarantee Yojana, then you may contact this office address, telephone no and email ID:-

• Office Address:-
  • Animal Husbandry & Dairying, Haryana
  • Pashudhan Bhawan, Bays No. 9-12,
  • Sector-2, Panchkula, Haryana (INDIA)
• Telephone No:- 0172-2574663, 2574664
• Email ID:- dg.ahd2hry.nic.in

FAQs

1. What is the Telangana Shaadi Mubarak Scheme 2024?

The Telangana Shaadi Mubarak Scheme 2024 is a welfare scheme launched by the Government of Telangana to provide financial assistance to brides from economically backward families to help them meet the expenses of their marriage.

2. Who is eligible to apply for the Telangana Shaadi Mubarak Scheme 2024?

Brides from economically backward families who are residents of Telangana are eligible to apply for the scheme. The bride must belong to a family whose annual income is below the specified limit.

3. What is the amount of financial assistance provided under the Telangana Shaadi Mubarak Scheme 2024?

Under the scheme, eligible brides will receive financial assistance of Rs. 51,000 to help them with the expenses of their marriage.

4. How can I apply for the Telangana Shaadi Mubarak Scheme 2024?

You can apply for the Telangana Shaadi Mubarak Scheme 2024 online through the official website of the Telangana Government or through the Meeseva portal.

5. What documents are required to apply for the Telangana Shaadi Mubarak Scheme 2024?

The documents required to apply for the scheme include Aadhaar card, bride’s photo, wedding card, age proof, income certificate, caste certificate (if applicable), bank account details, and a copy of the application form.

6. Is there any age limit to apply for the Telangana Shaadi Mubarak Scheme 2024?

Yes, the bride must be 18 years of age or above at the time of marriage to be eligible for the scheme.

7. How long does it take for the application to be processed?

The application for the Telangana Shaadi Mubarak Scheme 2024 is usually processed within a few weeks after submission. Applicants will be notified of the status of their application through SMS.

8. Can brides from any community apply for the Telangana Shaadi Mubarak Scheme 2024?

Yes, brides from all communities are eligible to apply for the Telangana Shaadi Mubarak Scheme 2024.

9. Can a bride apply for the scheme if she is already married?

No, the Telangana Shaadi Mubarak Scheme 2024 is only applicable to brides who are getting married for the first time.

10. Is there any online support available for applicants of the Telangana Shaadi Mubarak Scheme 2024?

Yes, there is an online support system available on the official website to assist applicants with any queries or issues they may have.

11. Can I track the status of my application for the Telangana Shaadi Mubarak Scheme 2024?

Yes, you can track the status of your application for the Telangana Shaadi Mubarak Scheme 2024 online through the official website or through the Meeseva portal.

12. Can a bride apply for the scheme without a bank account?

No, a bank account is mandatory for the disbursement of financial assistance under the Telangana Shaadi Mubarak Scheme 2024.

13. Is there any helpline number for the Telangana Shaadi Mubarak Scheme 2024?

Yes, you can contact the helpline number provided on the official website for any assistance or guidance regarding the scheme.

14. Can a bride from a different state apply for the Telangana Shaadi Mubarak Scheme 2024?

No, only residents of Telangana are eligible to apply for the scheme.

15. Is there any deadline to apply for the Telangana Shaadi Mubarak Scheme 2024?

There is no specific deadline to apply for the scheme. Brides can apply for the Telangana Shaadi Mubarak Scheme 2024 anytime before their marriage.

16. How will the financial assistance be disbursed to the beneficiaries?

The financial assistance under the Telangana Shaadi Mubarak Scheme 2024 will be directly transferred to the bank account of the bride.

17. Can the financial assistance provided under the Telangana Shaadi Mubarak Scheme 2024 be used for any purpose?

The financial assistance provided under the scheme is meant to help the bride with the expenses of her marriage, such as clothing, jewelry, and other related expenses.

18. Can a bride whose family income is slightly above the specified limit still apply for the scheme?

No, the bride must belong to a family whose income is below the specified limit to be eligible for the Telangana Shaadi Mubarak Scheme 2024.

19. Can a bride who is physically challenged apply for the Telangana Shaadi Mubarak Scheme 2024?

Yes, physically challenged brides are also eligible to apply for the scheme provided they meet all other eligibility criteria.

20. Will the beneficiaries of the scheme be required to repay the financial assistance provided?

No, the financial assistance provided under the Telangana Shaadi Mubarak Scheme 2024 is a one-time grant and does not need to be repaid.