State News

Punjab Government starts Kisan Credit Limit scheme for cattle breeders

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Chandigarh: The Cattle breeders of Punjab will now be entitled to avail the Kisan Credit Limits. Disclosing the scheme, the Animal Husbandry, Fisheries and Dairy Development Minister, Punjab, Mr. Tript Rajinder Singh Bajwa said that the scheme will enable them to cover the expenses incurred on the feed of animals, medicines, water and electricity expenses.

A new mechanism of the bank credit limits on easy rates have been commenced for the ease of the cattle breeders of the state. Every cattle breeder can decide his own credit limit in accordance with his own comfort. Under the scheme, every cattle breeder would be granted per family an amount of Rs. 3 lakh on 4 percent rate of interest. This would immensely benefit the small and landless cattle breeders for availing an amount to the tune of Rs. 1.60 lakh, the security in the form of land would not be necessary. The only pre-requisite would be the availability of animals/cattle.

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On the occasion, the Director, Dairy Development Mr. Inderjit Singh and the Director, Animal Husbandry Mr. Gurpal Singh Walia said that all the banks as well as the District level officers of the Animal Husbandry, Fisheries and the Dairy Development department have been apprised about the scheme.

They further said that this scheme is being widely publicized through social media and per animal limit amount has also been fixed for 6 months which is Rs. 61,467 for Buffallo and Hi Breed Cow, Rs. 43,018 for Locally bred Cow, Rs. 2,032 for sheep and goat, Rs. 161 for Broiler, Rs. 8,169 for female pig and Rs. 630 for the Layer Hen.

The required amount can be withdrawn by the cattle breeder at the regular intervals from the card issued to them and furthermore, they can return the entire limit on any one day in the year and get new limit on the pattern of the kisan credit card. There would be no fee charging by the bank for making the limit.

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