Gopal Credit Card Scheme: Cow-buffalo breeders will now get loan up to ₹ 1 lakh without interest, avail the benefit immediately
Gopal Credit Card Scheme: In order to improve the livestock and the financial standing of the state’s cattle rearers, the Rajasthani government has made a laudable step. The government has launched a program to provide cattle rearers interest-free loans up to Rs 1 lakh, spearheaded by Chief Minister Bhajanlal Sharma. This programme was created especially for low-income cattle farmers who struggle to care for and feed their animals because of a lack of resources. They will be able to pay for necessities like medication, feed, and building a shed with the aid of this loan. They won’t have to deal with any extra financial strain since it’s interest-free.
In addition to encouraging animal husbandry, this state government initiative will provide new jobs and revenue streams in rural communities. This government effort is seen as a significant step in bolstering the rural economy.
Over 1 lakh applications have been submitted thus far
Through the Cooperative Department, this loan is being provided under the Gopal Credit Card Scheme. This benefit has been received by 33,475 households as of March 31, 2025. Meanwhile, over a million individuals have applied so far. In 2024–2025, the government wants to provide this service to 5 lakh people; in 2025–2026, it plans to lend money to 2.5 lakh more families.
Farmers who raise cattle will directly profit
For many of the people in Rajasthan’s rural districts, raising animals is their primary source of income. In light of this, the government launched this programme. For a period of one year, the government is now offering cattle farmers who grow cows and buffaloes short-term loans up to Rs 1 lakh. There won’t be any interest due if the loan is paid back on schedule.
Simple procedure, minimal requirements
Under this programme, obtaining a loan doesn’t involve any difficult procedures. The following prerequisites must be met for this:
- The applicant’s Aadhar and Janadhaar cards are required.
- Two people’s reference guarantees must be provided.
- You will need to use the Single Sign-On Portal to generate your own ID.
- You shouldn’t have previously taken out more than two loans.
- Significant leniency in the terms and circumstances
To make this plan even more straightforward, the administration has implemented a number of significant changes:
- The CIBIL score requirement has been eliminated.
- There is no need to mortgage any land or property.
- It is not required to be a member of the dairy committee or provide milk.
- Additionally, the Committee Secretary’s recommendation requirement has been eliminated.
Where is it possible to utilise the loan?
Cattle ranchers may utilise this interest-free credit to build sheds, buy cows and buffaloes, and buy equipment and fodder. This plan is turning out to be a significant step in reorienting the animal husbandry industry and bolstering the rural economy.
