To Provide Interest Subvention to Animal Husbandry of the State at the Rate of 4% to the Beneficiaries Kisan Credit Card
Cattle breeders in Gujarat who take short-term loans (up to ₹2 lakh) through the Kisan Credit Card and repay on time receive a 4% interest subvention, effectively reducing the cost of borrowing for animal husbandry activities. The scheme works through your bank, which submits the subvention claim on your behalf. The benefit is available once per financial year.
About This Scheme
Cattle breeders in Gujarat who take short-term loans (up to ₹2 lakh) through the Kisan Credit Card and repay on time receive a 4% interest subvention, effectively reducing the cost of borrowing for animal husbandry activities. The scheme works through your bank, which submits the subvention claim on your behalf. The benefit is available once per financial year.
Full official description
The scheme "To Provide Interest Subvention to Animal Husbandry of the State at the Rate of 4% to the Beneficiaries Kisan Credit Card" introduced by the Agriculture, Farmers Welfare and Cooperation Department, Gujarat, aims to offer financial assistance to animal husbandry practitioners (cattle breeders) in Gujarat who have availed short-term loans under the Kisan Credit Card. The interest subvention of 4% is granted upon timely repayment, thereby reducing the interest burden and improving the economic stability of cattle breeders.
Benefits
- 4% interest subvention on short-term loans up to ₹2,00,000
- Applied by the lending bank on your behalf after timely repayment
- Available once per financial year
Who Can Apply (Eligibility)
- Must be a cattle breeder in Gujarat
- Must have taken a short-term loan via a Kisan Credit Card from any of the following: Primary Agricultural Credit Cooperative Society, District Central Cooperative Bank, Nationalized Bank, Gramin Bank, or Private Bank
- Must have repaid the loan on time
How to Apply
- The bank from which the short term loan has been availed by the cattle breeder has to submit the integrated interest subvention proposal of its area of operation to the Registrar, Co-operative Societies, Gujarat State, Gandhinagar.
Frequently Asked Questions
What is the objective of this scheme?
The scheme aims to provide 4% interest subsidy to cattle breeders who have taken and repaid short-term loans under the Kisan Credit Card (KCC) scheme.
Who is eligible to benefit from this scheme?
Any cattle breeder who has taken a short-term loan under the KCC scheme from an eligible bank and has repaid the loan on time is eligible for the benefit.
What is the maximum loan amount for which interest subvention can be claimed?
Interest subvention can be claimed on short-term loans up to ₹2,00,000/-.
How often can a cattle breeder claim this benefit?
A cattle breeder can claim this benefit only once during a financial year.
Which banks are considered eligible under this scheme?
Loans taken from Primary Agricultural Credit Cooperative Societies, District Central Cooperative Banks, Nationalized Banks, Gramin Banks, or Private Banks are considered eligible.
What is the rate of interest subvention provided under the scheme?
The scheme provides an interest subvention at the rate of 4% on the eligible loan amount.
Who is responsible for submitting the application for interest subvention?
The bank or financial institution that provided the loan is responsible for submitting the integrated interest subvention proposal to the Registrar, Co-operative Societies, Gujarat.
Is direct application by the beneficiary allowed under this scheme?
No, the beneficiary cannot apply directly. The application must be submitted through the bank from which the loan was availed.
What is the role of the Registrar, Co-operative Societies in this scheme?
The Registrar, Co-operative Societies, Gujarat State, Gandhinagar is responsible for receiving and processing the interest subvention proposals submitted by the banks.
Where can a farmer get more information about this scheme?
A farmer can contact their respective bank or reach out to the Registrar, Co-operative Societies, Gujarat State, for more details about the scheme.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Kisan Credit Card (KCC) details.
- Loan sanction and repayment statement.
- Identity Proof (Aadhaar, Voter ID, etc.).
- Proof of animal husbandry activity (e.g., cattle ownership documents).
- Bank loan account details.
- Any other documents as required.