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PNB Scheme for Purchase of Animal-Drawn Vehicles and Carts

Need-based finance to buy draft animals and animal-drawn carts for transporting farm inputs and produce. PNB publishes animal-age, land-eligibility and repayment rules, with repayment ranging from 4 to 7 years by animal/cart type.

Maximum financeNeed-based, using the NABARD-approved unit cost and the borrower's repayment capacity. The scheme sheet gives no fixed rupee ceiling.RepaymentBullocks only: 4 years; he-buffaloes with drawn cart (Jhota Bhuggies): 4–5 years; camel only: 5 years; bullock/animal-drawn cart or camel with cart: 5–7 years.Facility typeNeed-based agriculture finance for draft animals and animal-drawn carts; the scheme publishes repayment periods by financed animal/cart type.
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PNB Scheme for Purchase of Animal-Drawn Vehicles and Carts

0 of 8 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Farmers must own at least 2 acres or hold perpetual cultivation rights over at least 2 acres?

Published source: Eligible applicants and animal condition

2Do you meet this requirement: No landholding requirement applies to landless labourers or DRDA-sponsored cases?

Published source: Eligible applicants and animal condition

3Are you aged 2 to 6?

Published source: Eligible applicants and animal condition

4Does your age meet this requirement: the age is the animal's age, not the applicant's?

Published source: Eligible applicants and animal condition

5Do you meet this requirement: PNB's general checklist lists a duly completed agriculture-credit application?

Published source: General agriculture-credit document checklist

6Document checkDo you have this required document or proof: PNB's general agriculture-credit checklist lists a completed application, self-attested identity proof, residence proof, two recent photographs and land-record particulars. PNB does not call this an exhaustive scheme-specific checklist; land records may not apply to the stated landless/DRDA exceptions?

Published source: General agriculture-credit document checklist

7Document checkDo you have this required document or proof: self-attested identity proof?

Published source: General agriculture-credit document checklist

8Document checkDo you have this required document or proof: residence proof?

Published source: General agriculture-credit document checklist
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 6 Oct 2026 · active
Offered byPunjab National Bank

See the official bank source for geographic availability.

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Facility typeNeed-based agriculture finance for draft animals and animal-drawn carts; the scheme publishes repayment periods by financed animal/cart type.View source
Purpose is purchase of draft animals/animal-driven carts for transport of agricultural inputs and produce.
Source
Scheme for Purchase of Animal Drawn Vehicles/Carts
Page / section
page 1, title and Purpose
Accessed
6 Oct 2026
Confidence
high
Open official source ↗
PurposePurchase draft animals or animal-driven carts to transport agricultural inputs and produce.View source
The source restricts financed draft animals to young and healthy animals aged 2–6 years.
Source
Scheme for Purchase of Animal Drawn Vehicles/Carts
Page / section
page 1, Purpose
Accessed
6 Oct 2026
Confidence
high
Open official source ↗
Eligible applicants and animal conditionFarmers must own at least 2 acres or hold perpetual cultivation rights over at least 2 acres. No landholding requirement applies to landless labourers or DRDA-sponsored cases. Only young, healthy animals aged 2–6 years are financed; the age is the animal's age, not the applicant's.View source
Both the 2-acre farmer rule and the two stated exceptions are preserved, as is the animal-age restriction.
Source
Scheme for Purchase of Animal Drawn Vehicles/Carts
Page / section
page 1, Purpose and Eligibility
Accessed
6 Oct 2026
Confidence
high
Open official source ↗
Maximum financeNeed-based, using the NABARD-approved unit cost and the borrower's repayment capacity. The scheme sheet gives no fixed rupee ceiling.View source
The ties the need-based amount to unit cost and borrower repayment capacity; it publishes no amount ceiling.
Source
Scheme for Purchase of Animal Drawn Vehicles/Carts
Page / section
page 1, Extent of Loan
Accessed
6 Oct 2026
Confidence
high
Open official source ↗
RepaymentBullocks only: 4 years; he-buffaloes with drawn cart (Jhota Bhuggies): 4–5 years; camel only: 5 years; bullock/animal-drawn cart or camel with cart: 5–7 years.View source
The four repayment cases are kept distinct rather than combined into a single range without the asset qualifier.
Source
Scheme for Purchase of Animal Drawn Vehicles/Carts
Page / section
page 1, Repayment
Accessed
6 Oct 2026
Confidence
high
Open official source ↗
Application decision timePNB's general agriculture-credit guideline lists maximum disposal times by credit limit: up to ₹2 lakh, 2 weeks; above ₹2 lakh to ₹50 lakh, 4 weeks; above ₹50 lakh to ₹1 crore, 5–6 weeks; above ₹1 crore to ₹100 crore, 6–7 weeks; above ₹100 crore, 8–9 weeks. This is not an individual sanction-date promise.View source
The bank-wide published agriculture application timeline is reproduced separately from product approval or sanction.
Source
PNB General Guidelines for Agricultural Credit
Page / section
Section 1, Time Schedule for Disposal of Loan Applications
Accessed
6 Oct 2026
Confidence
high
Open official source ↗
General agriculture-credit document checklistPNB's general checklist lists a duly completed agriculture-credit application; self-attested identity proof; residence proof; two recent photographs not older than 6 months; and land-record particulars. PNB does not label it an exhaustive scheme-specific checklist; land records may not apply to the stated landless/DRDA exceptions.View source
The page lists the agriculture application, identity, residence, two recent photographs and land records; exceptions are preserved in the note.
Source
PNB Agricultural Banking
Page / section
Documents Required for Agriculture Loan
Accessed
6 Oct 2026
Confidence
high
Open official source ↗
Conditional bank-wide prepayment/closure ruleFor a non-individual borrower taking over a loan to shift to another bank/FI, PNB's current schedule states 2% of the prepaid amount on term loans and 2% of the sanctioned limit when a cash-credit/overdraft facility is closed before its due date. For CC/OD, the stated charge does not apply if written non-renewal notice is given 3 months before the due date and the facility closes on that date. The page lists additional exemptions, including specified floating-rate individual/MSE loans, MSE borrowers, own-source repayment and other stated cases. Exact applicability depends on borrower, purpose, facility, rate type and closure route.View source
The rule is conditional and is not represented as a universal product charge; see the linked full terms table for all stated exceptions.
Source
PNB Credit Related Service Charges — current page
Page / section
Section 10.15, Pre-Payment/Fore Closure; full listed exceptions
Accessed
6 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • Finance can cover eligible draft animals and animal-drawn carts used to move agricultural inputs and produce
  • Published repayment periods vary by the financed animal/cart combination

Eligibility

  • Farmers generally need at least 2 acres or a perpetual cultivation right over at least 2 acres. The sheet removes the landholding stipulation for landless labourers and DRDA-sponsored cases.
  • Only young, healthy draft animals aged 2–6 years are financed; this age refers to the animals, not the borrower.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • PNB's general agriculture-credit checklist lists a completed application, self-attested identity proof, residence proof, two recent photographs and land-record particulars. PNB does not call this an exhaustive scheme-specific checklist; land records may not apply to the stated landless/DRDA exceptions.

Related official documents

PNB Agriculture Loan Schemes catalogueofficial-product-catalogue-page · current · accessed 6 Oct 2026
↗
PNB Credit Related Service Charges — agriculture-credit scheduleofficial-service-charge-schedule · latest-reviewed-agriculture-specific-schedule · accessed 6 Oct 2026
↗
PNB Agricultural Banking — documents required for agriculture loanofficial-agriculture-banking-page · current · accessed 7 Oct 2026
↗
PNB General Guidelines for Agricultural Credit — current application, ACABC margin and security rulesofficial-general-guidelines-page · current-relevant-sections-reviewed · accessed 8 Oct 2026
↗
PNB Interest Rates on Advances — current agriculture and specific-scheme ratesofficial-rate-table · current · accessed 6 Oct 2026
↗
PNB Credit Related Service Charges — current pageofficial-service-charge-page · current-charge-schedule-reviewed-scoped-sections · accessed 8 Oct 2026
↗
Scheme for Purchase of Animal Drawn Vehicles, i.e. Draft Animal/Cartsofficial-scheme-pdf · current-catalogue-linked-scheme-sheet · accessed 6 Oct 2026
↗

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Loan repayment estimate

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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Purpose · Published termPurchase draft animals/animal-driven carts to transport agricultural inputs and produce.

This value is copied from PNB Draft Animal/Cart Finance — complete published terms. Check the table notes before relying on it.

Source: Scheme for Purchase of Animal Drawn Vehicles/Carts · page 1, all clauses Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsPNB Draft Animal/Cart Finance — complete published termsComplete transcription of all clauses and each animal/cart repayment case from the one-page PNB sheet.View tableHide table

Scroll sideways to view every column

PNB Draft Animal/Cart Finance — complete published terms
Scheme itemPublished term
PurposePurchase draft animals/animal-driven carts to transport agricultural inputs and produce.
Financed animal conditionOnly young, healthy animals aged 2–6 years are financed; age refers to the animal.
Farmer eligibilityAt least 2 acres owned or a perpetual cultivation right over at least 2 acres.
Landholding exceptionsNo landholding stipulation for landless labourers or a case sponsored by DRDA.
Loan extentNeed-based, considering -approved unit cost and borrower repayment capacity.
Repayment — bullocks only4 years.
Repayment — he-buffaloes and drawn cart (Jhota Bhuggies)4–5 years.
Repayment — camel only5 years.
Repayment — bullock/animal-drawn cart or camel with cart5–7 years.
Scheme for Purchase of Animal Drawn Vehicles/Carts · page 1, all clauses · accessed 6 Oct 2026Open official source ↗
Table 2 · 5 rows · 2 columnsPNB agriculture-credit application disposal timelineGeneral PNB agriculture-credit maximum disposal times by applied credit limit; not a promised individual sanction date.View tableHide table

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PNB agriculture-credit application disposal timeline
Credit limitMaximum published time
Up to ₹2 lakh2 weeks
Above ₹2 lakh to ₹50 lakh4 weeks
Above ₹50 lakh to ₹1 crore5–6 weeks
Above ₹1 crore to ₹100 crore6–7 weeks
Above ₹100 crore8–9 weeks
  • Bank-wide guideline; not an individual sanction promise.
PNB General Guidelines for Agricultural Credit · Section 1, Time Schedule for Disposal of Loan Applications · accessed 6 Oct 2026Open official source ↗
Table 3 · 7 rows · 2 columnsPNB early-closure terms relevant to these agriculture schemesCurrent bank-wide takeover/early-closure schedule. The charge depends on borrower type, facility, purpose, rate type and closure route; it is not a blanket product charge.View tableHide table

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PNB early-closure terms relevant to these agriculture schemes
CasePublished charge/condition
Non-individual borrower takes over a term loan to shift to another bank/FI2% of the amount being prepaid.
Non-individual borrower closes cash credit/overdraft before due date to shift lenders2% of the sanctioned limit.
Cash credit/overdraft closed on the due dateNo prepayment charge if written notice of intent not to renew is given 3 months before the due date.
Floating-rate loans/advances to individuals for non-business purposesNo prepayment charges, with or without co-obligants; applies to partial or full prepayment regardless of funds source and without a minimum lock-in.
Floating-rate business loans/advances to individuals and No prepayment charges, with or without co-obligants; applies to partial or full prepayment regardless of funds source and without a minimum lock-in.
Dual/special rate with fixed and floating periodsThe floating-rate exemption depends on whether the facility is on floating rate when it is prepaid.
Other stated exemptionsNo charge for borrowers; microfinance loans except loans to -; eligible fixed-rate loans with a reset clause when the borrower chooses floating rate at reset; prepayment from the borrower's own sources; specified lender-switches after a spread/term change or benchmark reset; bank-initiated closure for listed reasons; and loans/advances against PNB's own deposits/liquid securities sanctioned or renewed on/after 01 January 2026.
  • The 2% charge is not applied to every customer or every loan. Check the sanction terms and the full conditions.
PNB Credit Related Service Charges — current page · Section 10.15, Pre-Payment/Fore Closure, all clauses and exceptions · accessed 6 Oct 2026Open official source ↗

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