Punjab Plans to Introduce Dairy Credit Card

INDIA - On the lines of Kisan Credit Card, Punjab government plans to introduce Dairy Credit Card in the state for which it has sought financial assistance from the Central Government.
calendar icon 2 January 2018
clock icon 1 minute read

According to The Times of India, the move, which is part of the plan to help promote animal husbandry, dairy development and fisheries development in the state, is aimed to boost the dairy farmers of Punjab who don't have facility to avail cash from the banks to meet their urgent expenditures pertaining to the livestock.

"The way farmers are allowed to avail of credit up to Rs 3 lakh at an operational rate of interest of 4 per cent, we plan to identify requirements of dairy farmers with the introduction of this credit facility for them," said an official.

Rs 3 lakh = US$ 4722

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