If you are involved in Animal Husbandry farming and need financial assistance, the HDFC Pashupalan Loan can help you secure up to ₹40,00,000 at competitive interest rates.
This loan supports Animal Husbandry-related activities like cattle shed construction, dairy farm setup, and livestock purchases. This article will cover everything you need about HDFC Pashupalan Loan, including eligibility, loan amount, interest rates, and the application process.
What is the HDFC Pashupalan Loan?
HDFC Bank offers Allied Activities Loans for Dairy, Poultry, and Fisheries to support livestock farming in India. The bank provides loans of up to ₹40,00,000 to entrepreneurs involved in dairy farming, poultry, and fish farming to expand or establish their businesses.
which you have to fill in the required information, such as loan amount and tenure.
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Loan Amount Details for Animal Husbandry Farming
| Type of Livestock | Maximum Loan Amount per Animal |
|---|---|
| Cow | ₹60,000 per cow |
| Buffalo | ₹80,000 per buffalo |
HDFC Bank provides loans based on the type of livestock you intend to purchase. To be eligible, applicants must submit specific livestock-related documents.
HDFC Pashupalan Loan Interest Rate
The interest rate for HDFC Pashupalan Loan starts at 8.50% per annum. The final rate depends on factors such as:
- Loan amount
- Applicant’s financial profile
- Credit history
Eligibility Criteria for HDFC Pashupalan Loan
To qualify for the loan, applicants must meet the following conditions:
- Indian Residency: The applicant must be an Indian resident.
- Livestock Documentation: Livestock must have a health card, tag, and census card.
- Healthy Animals: The animals must be free from any diseases.
- No Existing Loan: The livestock should not have an outstanding loan from any other bank.
- Creditworthiness: The applicant must not be a loan defaulter.
Purpose of the HDFC Pashupalan Loan
HDFC Bank offers loans for various livestock farming purposes, including:
- Purchasing cows, buffaloes, and other livestock
- Fish farming setup
- Expanding existing livestock businesses
- Building cattle sheds
- Setting up or expanding dairy and poultry farms
- Buying essential farming equipment
How do you apply for an HDFC Pashupalan Loan?
Follow these steps to apply for the loan:
- Visit the Nearest Branch: Go to your nearest HDFC Bank branch.
- Get Detailed Information: Speak with the bank officer or visit the official website: hdfcbank.com/agri/allied-activity-loan.
- Loan Customization: Share your financial profile to get a customized loan plan with details like interest rates, EMI, and repayment terms.
- Loan Application Form: Obtain the loan application form from the bank and fill it out accurately.
- Submit Documents: Attach all required documents and submit the form.
- Verification Process: Bank officials will verify the information provided, including livestock details, through a home visit.
- Loan Approval & Disbursement: If your application is approved, the loan amount will be credited to your bank account within 1-2 working days.
Final Thoughts
HDFC Pashupalan Loan is a valuable financial solution for livestock farmers in India. With flexible loan amounts, competitive interest rates, and a straightforward application process, it’s an ideal choice for entrepreneurs looking to expand their agricultural businesses. Visit your nearest HDFC Bank branch today to learn more and apply for a Pashupalan Loan!