PCC: Animal Farmers Credit Card is a boon for farmers, know how everything will be made cord and how will get benefits

Aber News New Delhi.  Animal husbandry is one of the fastest growing businesses for farmers, which can prove to be very profitable.  In time...

Aber News New Delhi.  Animal husbandry is one of the fastest growing businesses for farmers, which can prove to be very profitable.  In times of crisis like Corona, animal husbandry can provide considerable relief to farmers.  Now the government has taken several measures to promote animal husbandry and has introduced animal farmer credit card for animal farmers for the promotion of animal husbandry business across the country.  Apart from this, it has also been decided by the RBI to expand the KCC (Kisan Credit Card) facility to require working capital for animal husbandry and fisheries related business.  But often pets are killed due to various diseases or natural disasters, due to which the farmers are harmed.  In view of this problem, the Central and State Governments for the farmers are running the Livestock Insurance Scheme and the Animal Farmers Credit Card Scheme to insure the animals.  Let's know about it in detail.

 Insurance helps

 Livestock insurance scheme is in operation in many states.  Through this insurance scheme, farmers can insure their cattle as well as all animals.  In this animal insurance scheme, a maximum of five animals can be insured by the farmer simultaneously.  The five animals insured will be considered as one unit.  Similarly, the number of 10 animals producing meat such as sheep, goat etc. will be considered as one unit.

 Gets 70% subsidy

 Discounts / subsidies are also available on the insurance scheme premium through Cattle Farmers Credit Card.  For example, in Madhya Pradesh, the state government is giving subsidy on insurance installments to livestock owners to insure the animals.  On the installment of insured animals, the government is giving 50 percent subsidy to APL (above poverty line) category farmers and 70 percent subsidy to BPL (below poverty line), SC, ST category livestock farmers.  The rest of the installment balance will have to be given to the farmers themselves.  The maximum rate of insurance premium will be 3 percent for one year and 7.50 percent for three years.

 1.60 rupees loan is also available

 Loans up to Rs 1.60 lakh can be availed from any bank under the Animal Farmers Credit Scheme.  A simple interest of 7 percent per annum will be charged on the card and the Government of India will also provide subsidy at 3 percent interest rate (maximum loan limit of 3 lakh rupees) on timely payment.  Thus the Kisan Credit Card Scheme (PKCC) holder can get a loan at the rate of 4 percent per annum under this scheme.  There is also no need for any security up to Rs 1.60 lakh.

 How to apply for an animal farmer credit card

 Livestock owners will have to apply to the Animal Husbandry Department for a loan.  Important things like Aadhar card and photo will have to be given along with the application.  All farmers can take an animal farmer credit card.  In this scheme, separate loan is given for purchasing buffalo, cow, goat etc.  As far as animal insurance is concerned, it is necessary to inform the insurance company on the death of the insured animal within 24 hours.  After this, the doctors of Animal Husbandry Department will examine the carcass.  The causes of death will be written in the report.  The officer will submit the claim form to the insurance company within a month.  The company will settle the claim within 15 days.