SBI Pashupalan Loan for Livestock Farming

The SBI Pashupalan Loan is a specialized loan scheme by State Bank of India (SBI) designed to support individuals and entities engaged in animal husbandry and livestock farming. Here’s a structured overview of the scheme:

Key Features

1. Purpose:
   • Purchase of livestock (dairy cattle, poultry, goats, sheep, pigs, etc.).
   • Funding for fodder, equipment, sheds, veterinary expenses, and insurance.
   • Working capital for dairy/poultry operations.
2. Loan Amount:
   • Varies based on the project and livestock type. For example:
     • Up to ₹5 lakh for dairy cows/buffaloes under the Kisan Credit Card (KCC) scheme.
     • Higher limits for commercial ventures (e.g., poultry farms).
3. Interest Rates:
   • Concessional rates for agriculture/priority sector lending (e.g., ~8-9% p.a.*).
   • Lower rates for women farmers (e.g., 0.50% concession in some cases).
4. Repayment Tenure:
   • Aligned with the livestock lifecycle (e.g., 5–7 years for dairy cattle).
   • Moratorium periods (e.g., 6–12 months before repayment starts).
5. Collateral:
   • Loans up to ₹1.6 lakh: Often unsecured.
   • Higher amounts: Hypothecation of livestock/assets or third-party guarantees.

Eligibility

• Applicants: Farmers, SHGs, cooperatives, agri-entrepreneurs.
• Age: Typically 18–65 years.
• Experience: Prior experience in animal husbandry (preferred).
• Residency: Indian resident with ownership/lease of farmland/sheds.

Documents Required

• ID/address proof (Aadhaar, PAN, voter ID).
• Land ownership/lease documents.
• Project report with cost estimates.
• Quotations for livestock/equipment.
• Bank statements (if applicable).

How to Apply

1. Visit the nearest SBI branch with your project details.
2. Submit the application form along with required documents.
3. The bank evaluates creditworthiness and project viability.
4. Loan disbursement after approval.

Government Subsidies

• Schemes like NABARD’s Dairy Entrepreneurship Development Scheme (DEDS) may offer 25–33% subsidies.
• Check eligibility for interest subvention under KCC or other state schemes.

Important Notes

• Insurance: Livestock insurance is often mandatory.
• Flexibility: Loan terms may vary by state and project scale.
• Updates: Always verify latest rates/schemes on the SBI website or via customer care (1800 11 2211).

For personalized assistance, consult an SBC agricultural loan officer or visit the SBI Agri-Business page.