HDFC Pashupalan Loan: Animal husbandry plays a crucial role in the Indian agricultural sector, providing a steady source of income for millions of farmers. To support livestock owners, HDFC Bank offers the Pashupalan Loan, (Hdfc pashupalan loan apply online) a financial solution designed to assist with the purchase of animals, shed construction, and business expansion.
Loan Features and Benefits
- Loan Amount: ₹50,000 to ₹10,00,000
- Interest Rate: Starts from 8.50%
- Repayment Tenure: Flexible repayment period of 3 to 7 years
- Purpose: Financial assistance for purchasing livestock, constructing animal shelters, or expanding an existing animal husbandry business
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Eligibility Criteria HDFC Pashupalan Loan
To avail of the HDFC Pashupalan Loan, applicants must meet the following requirements:
- Must be an Indian citizen
- Possession of an Animal Health Card and Animal Census Card
- The animals should be in good health, free from major diseases
- The applicant must not have an active loan from another financial institution for the same purpose
- A good CIBIL score is essential for loan approval
HDFC Pashupalan Loan Required Documents
Applicants must submit the following documents for loan processing:
- Animal Health Card (certifying the health status of livestock)
- Animal Census Card (proof of animal ownership)
- The beneficiary must have Aadhar Card, PAN Card and Voter ID as identity proof.
- Address Proof (Electricity bill, Ration card, or any government-approved document)
- Bank Statements (latest 6 months)
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How to Apply for HDFC Pashupalan Loan?
Offline Application Process:
- Visit the nearest HDFC Bank branch.
- Request the Pashupalan Loan application form and fill it out accurately.
- The beneficiary has to submit all the required documents.
- Upon verification and approval, the loan amount is disbursed within 1-2 working days.
For detailed information, visit the official HDFC Bank website or contact the nearest branch to kickstart your animal husbandry venture today!
Conclusion
HDFC Bank’s Pashupalan Loan is a beneficial financial aid for livestock farmers, ensuring access to necessary funds for business growth. With competitive interest rates, flexible repayment terms, and quick processing, this loan is an excellent choice for individuals engaged in the animal husbandry sector.