Financing for Draught Animals and Carts

Objective:

To meet the genuine credit needs of farmers for purchasing draught animals and/or carts so that they can carry out their farm operations in time as also increase their income from hire charges of the animals/cart when they are not in use on their farms. 

Purpose: 

For purchasing draught farm animals like bullocks, he-buffaloes, camels, horses mules etc and 
For purchasing animal drawn carts 

Eligibility:

a) Farmers having owned/registered leased land may be provided credit for purchasing two animals as per requirement. 
b) A farmer can also be financed for one animal provided he/she is already owning an animal or in cases where the farmer is already owning an animal or in cases where the farmer cannot afford more than one animal. 
c) Farmers/landless labourers may be financed for a pair of animals and cart where there is enough scope for hiring the cart.

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