PNB Animal Loan

Does PNB (Punjab national bank) grant any Animal Loan for buy animal , as my father is a farmer and asking for same ??

[Shaleen]

Yes PNB (Punjab national bank) Animal Loan for buy animal for this bank run scheme for financing purchase of animal drawn vehicles i.e. Carts and draft animals

Here I am telling info of this scheme:

This Loan is given for purchase of draft animals, animal drawn carts for transport of agriculture inputs & farm produce and other such purposes.


ELIGIBILITY:
Farmers owning minimum 2 acres of land; farmers having perpetual right of
cultivation of minimum 2 acres of land.

Persons belonging to category of `Landless agriculture labour’ are also financed for purchase of animals and carts for providing self-employment.

EXTENT OF LOAN: Need based.

REPAYMENT OF LOAN: Repayment period is fixed through Monthly/ Quarterly/ Half-yearly intervals as under:

Assets Created Repayment Period

Bullocks only 4 years

He buffaloes & drawn carts (Jhota Buggies) 4-5 years

Camels only 5 years

Bullocks & carts 5-7 years

Animal drawn carts only 5-7 years

Camels & carts