Animal husbandry has quietly become one of the most dependable income sources for Indian farmers. While crop farming depends heavily on weather and seasonal cycles, livestock related activities like dairy farming, poultry, goat rearing, and sheep farming generate regular cash flow throughout the year. Still, many farmers hesitate to expand or start animal husbandry businesses due to lack of capital.
This is where the SBI Pashupalan Loan Scheme steps in as a practical financial solution. The SBI Pashupalan Loan Scheme is designed to support farmers and rural entrepreneurs who want to earn a steady income from livestock farming. Whether someone is planning to buy milch animals, set up a poultry unit, or expand an existing animal husbandry project, this scheme offers structured financial assistance. By providing loans of up to ₹10 lakh, the scheme empowers farmers to invest confidently in long term growth without depending on informal lenders.
The SBI Pashupalan Loan Scheme is a specialized agricultural loan offered by the State Bank of India for animal husbandry activities. Unlike general farm loans, this scheme is tailored specifically for livestock-based businesses. It takes into account the earning pattern of animal husbandry, making repayment easier and more practical for farmers. This scheme supports a wide range of activities such as dairy farming, poultry farming, goat rearing, sheep rearing, piggery, and other livestock ventures. Farmers can use the loan amount for purchasing animals, constructing sheds, buying feed, equipment, and covering initial operational expenses. The scheme is suitable for both new entrants and experienced livestock farmers looking to scale up operations.
SBI Pashupalan Loan Scheme Overview Table
| Particulars | Details |
|---|---|
| Scheme Name | SBI Pashupalan Loan Scheme |
| Maximum Loan Amount | Up to ₹10 lakh |
| Eligible Activities | Dairy, poultry, goat, sheep, piggery |
| Eligible Applicants | Farmers, individuals, rural entrepreneurs |
| Loan Usage | Animals, sheds, feed, equipment |
| Repayment Structure | Flexible based on income cycle |
| Interest Rate | As per SBI guidelines |
| Collateral Requirement | As per loan amount and norms |
The SBI Pashupalan Loan Scheme is a valuable financial initiative for farmers who want to build a stable and sustainable income through animal husbandry. By offering loans of up to ₹10 lakh with flexible repayment options, the scheme supports a wide range of livestock activities. For farmers looking to reduce dependency on crop farming and create year round income, this scheme provides a reliable pathway. With proper planning and responsible use of funds, animal husbandry can become a profitable long term livelihood backed by institutional finance.
Purpose Of the SBI Pashupalan Loan Scheme
The main objective of the SBI Pashupalan Loan Scheme is to strengthen rural income through animal husbandry. Many farmers rely only on crop farming, which exposes them to financial risk due to unpredictable weather and fluctuating market prices. Livestock farming provides an additional and often more stable source of income. This scheme encourages farmers to diversify their income by supporting livestock related activities. It helps improve milk production, meat supply, and employment opportunities in rural areas. By offering formal credit at reasonable terms, the scheme also reduces farmers’ dependence on local moneylenders and promotes financial inclusion.
Eligibility Criteria For SBI Pashupalan Loan Scheme
- Eligibility criteria under the SBI Pashupalan Loan Scheme are simple and farmer friendly. The scheme is open to individuals who are already engaged in animal husbandry or those who plan to start a livestock business.
- Applicants must be Indian citizens and should have basic knowledge or experience in animal husbandry. Farmers, rural youth, and self-employed individuals can apply for the loan. In some cases, self-help groups and joint liability groups are also considered eligible. The bank may assess the feasibility of the project before approving the loan.
Loan Amount And Margin Money
- Under the SBI Pashupalan Loan Scheme, borrowers can avail loans up to ₹10 lakh depending on the size and scope of their animal husbandry project. The loan amount is calculated based on the total project cost, expected income, and repayment capacity of the applicant.
- Borrowers are generally required to contribute a margin amount, which is a small percentage of the project cost. This ensures shared responsibility and commitment from the farmer. If the loan is linked with any government subsidy programs, the effective financial burden on the farmer may reduce further.
Interest Rate and Repayment Period
- The interest rate under the SBI Pashupalan Loan Scheme is determined as per SBI’s prevailing agricultural lending rates. These rates are usually lower than those offered by private lenders or informal credit sources, making the scheme affordable for farmers.
- The repayment period is flexible and aligned with the income cycle of animal husbandry activities. Depending on the type of project, repayments can be structured monthly or at suitable intervals. This flexibility helps farmers manage cash flow smoothly without financial stress.
Documents Required For SBI Pashupalan Loan Scheme
- To apply for the SBI Pashupalan Loan Scheme, applicants must submit basic documents required for identity and project verification. These documents help the bank evaluate the borrower’s eligibility and loan feasibility.
- Commonly required documents include identity proof, address proof, passport size photographs, and bank account details. Applicants may also need to provide land ownership or shed related documents where the animals will be housed. A simple project report outlining the animal husbandry plan is usually required.
Application Process For SBI Pashupalan Loan Scheme
- The application process for the SBI Pashupalan Loan Scheme is straightforward and accessible. Interested farmers can visit their nearest SBI branch and approach the agriculture loan desk.
- After submitting the loan application along with necessary documents, the bank evaluates the project proposal. In some cases, a field visit may be conducted to verify the setup. Once approved, the loan amount is disbursed directly to the borrower. Bank officials also guide applicants on repayment schedules and fund utilization.
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Benefits Of the SBI Pashupalan Loan Scheme
- The SBI Pashupalan Loan Scheme offers several advantages that make it a preferred choice for farmers involved in animal husbandry. It provides access to structured credit tailored specifically for livestock businesses.
- Farmers benefit from reasonable interest rates, flexible repayment options, and financial support for both new and expanding projects. The scheme encourages self-employment, improves rural income stability, and supports sustainable farming practices. With SBI’s extensive branch network, the scheme remains accessible even in remote areas.
FAQs on SBI Pashupalan Loan Scheme
What Is the Maximum Loan Amount Under The SBI Pashupalan Loan Scheme
Farmers can avail loans of up to ₹10 lakh depending on project cost and repayment capacity.
Who Can Apply for the SBI Pashupalan Loan Scheme
Farmers, rural individuals, and entrepreneurs engaged in animal husbandry can apply.
What Activities Are Covered Under This Scheme
Dairy farming, poultry, goat rearing, sheep rearing, and piggery activities are covered.
How Long Is The Repayment Period
The repayment period is flexible and aligned with income from animal husbandry activities.
