Punjab government has launched Kisan Credit Limit Scheme 2020 for animal breeders (Pashu Palak). In this scheme, pashupalaks like cattle bearers can make their Kisan Credit Limits just like agricultural farmers. Under this scheme, every cattle breeder would be granted Rs. 3 lakh amount per family at 4% rate of interest. The Kisan Credit Limit Scheme would immensely benefit the small and landless cattle breeder farmers. Now to avail loan upto Rs. 1.6 lakh, the security in the form of land would not be necessary.

Minister of Punjab Animal Husbandry, Fisheries and Dairy Development said that cattle breeders of the state would also be from now on entitled to avail the Kisan Credit Limits. The main objective of this scheme is to promote animal husbandry (pashupalan). On the pattern of farming community, a new mechanism of bank credit limits on easy rates has been started for the ease of the cattle breeders of the state.

This Punjab Kisan Credit Limit Scheme will enable pashupalaks to cover daily expenses incurred expenses incurred on feed of animals, medicines, water and electricity bills. Every cattle breeder can decide their own credit limit in accordance with their own comfort. The only pre-requisite to become eligible beneficiary would be the availability of cattles or animals.