Nabard Subsidy loan scheme 2018:- The government of has started Nabard Subsidy scheme 2018 to increase Poultry of farming and milk production in India. So, Nabard Subsidy is a Dairy Entrepreneurship Development Scheme.
Note: Read the full article, Get the full Details & Apply Online for Nabard scheme 2018.
To Encouragement of people’s interest in dairy business, Government of India said that They provide 25% subsidy at Rs.5.00 lakh to 10 animal unit investments by Nabard Subsidy loan scheme.
How to get Nabard Subsidy for Dairy Farming?
In our country, we all know that “Dairy is the biggest livestock farmin industry“ in India. The country is the world’s highest milk producer, which is more than 13% of the world’s total milk production.
India is the world’s biggest purchaser of dairy products, which consumes about 100% of its own milk production.
In an attempt to additional growth to the dairy agriculture industry in India, the NABARD Dairy Agricultural Subsidy was launched by Indian Government.
NABARD Subsidy for Dairy Farming Overview
Dairy farming is a big business in India and milk production is increasing every year. In an effort to further strength in dairy farming in India, Nabard Subsidy loan scheme was introduced Govt of india for dairy farming. The objectives of this plan for dairy-farming include below:
#1. Promote the business of modern dairy farms for the production of clean milk.
#2. Protect good reproduction stock to encourage heifer calf rearing.
#3. To bring structural change in the unorganized sector of dairy farming in india, so that initial processing of milk at village level can be done.
#4. To handle milk on a commercial scale, to upgrade the quality and traditional technology.
#4. To provide milk dairy farm self-employment and infrastructure for the unorganized sector.
NABARD Dairy Farming Subsidy Eligibility
Govt give this dairy loan scheme to below mentioned conditions
- Individual Entrepreneurs
- Groups of unorgainsed and organized sector etc.
- Groups of organized sector include Self Help Groups, Dairy Cooperative Societies, Milk Unions, Milk Federations, etc.
Central Government Nabard Subsidy loan scheme Details
The assistance provided under NABARD subsidy for dairy farming scheme for 10 animals is as follows:
#1. Setting of small dairy farm project along with buffaloes classified up to crab cows natural gram cows like Sahiwal, Lal Sindhi, Gir, Rathi etc. Govt allow total 10 animals.
Investment in Nabard Subsidy Scheme: Rs 5 lakhs for 10 animal units – Minimum unit sizes are 2 animals with 2 upper limit of animals.
Subsidy: 25% expenditure (33.33% for SC / ST farmers), subject to limit of 1.25 lakh rupees for a unit of 10 animals (1.67 lakhs for SC / ST farmers) in the form of previous capital subsidy.
The maximum allowable capital subsidy for 2 animal unit is Rs. 25000 (for SC / ST farmers Rs. 33,300).
Based on the unit size, the subsidy will be restricted on the promissory basis.
#2. Hearing of missing calves – Cow Cross breed, indigenous narrative cattle and milk breeds of classified buffaloes – up to 20 calves.
Investment: 4.80 lakhs for 20 bulls units – Minimum unit size of 5 calves with upper limit of 20 calves
Subsidy: (33.33% for SC / ST farmers) 25% expenditure As per the previous capital subsidy, subject to a limit of 1.20 lakhs for the unit of 20 calves (1.60 lakh rupees for SC / ST farmers). The maximum permissible capital subsidy for 5 bull unit is Rs 30,000 (Rs 40,000 for SC / ST farmers). Subsidy will be restricted on an entity basis.
#3. Vericompost-with milch animal unit
Investment: Rs. 20,000/
Subsidy: 25% of Scheduled Castes (33.33% for SC / ST farmers) are subject to the limit of 5,000 rupees (6700 / – for SC / ST farmers) in the form of back and capital subsidy.
#4. Purchase of milking machines /milkotesters /bulk milk cooling units (2000 liter capacity).
investment: Rs 18 lakh rupees
Subsidy: 25% of Scheduled Castes (33.33% for SC / ST farmers) are subject to the limit of Rs 4.50 lakh (Rs.6.00 lakhs for SC / ST farmers) in the form of previous capital subsidy.
#5. Purchase of dairy processing equipment for indigenous milk products.
Investment: Rs 12 lakh.
Subsidy: (33.33% for SC / ST farmers) 25% of Scheduled Castes are in the form of back and capital subsidy subject to a limit of Rs 3.00 lakhs (SC / ST for farmers Rs 4.00 lakhs).
#6. Dairy product transportation facilities and installation of cold chain
investment: Rs 24 lakh.
Subsidy: 25% of Scheduled Castes (33.33% for SC / ST farmers) are subject to the limit of 6.00 lakh rupees (Rs. 8.00 lakhs for SC / ST farmers) in the form of back and capital subsidy.
#7. Cold storage facilities for milk and milk products.
Investment: Rs 30 lakh.
Subsidy: 25% of Scheduled Castes (33.33% for SC / ST farmers) are subject to the limit of 7.50 lakh rupees (SC / ST farmers for Rs 10.00 lakhs) in the form of previous capital subsidy.
#8. Establishment of private veterinary clinics
Investment: 2.40 lakh for mobile clinic and 1.80 lakh for static clinic
Subsidy: 25% of the expenditure in the form of last capital subsidy subject to SC / ST farmers subject to limit of 60% / – and Rs. 45,000 / – (Rs. 80,000 / – and Rs. 60,000 / -33.33 %for SC / ST farmers ) Respectively for mobile and stationary clinics.
#9. Dairy marketing outlet / Dairy parlour
Investment: Rs 56,000/-
Subsidy: 25% expenditure (33.33% for SC / ST farmers) is in the form of previous capital subsidy subject to rooftops of Rs. 14,000 / – (Rs. 18600 for Scheduled Castes / Scheduled Tribes)
How To Get Nabard Subsidy loan scheme For Dairy Farming
If any person plan to start a dairy farm project, please read this article and get benfits from nabard schemes
Step 1: Decide what kind of business activity you are going to establish which is related to dairy farming. The activity or business model can be done.
Step 2: Register a company or any other suitable business or NGO unit.
Step 3: Prepare a detailed project report or business plan for a dairy farm.
Step 4: Submit a request for bank loan to any commercial bank or regional rural bank or state cooperative bank or state co-operative agricultural and rural development bank or other institutions, who are eligible for refinance from NABARD.
- RRB Group D Requirment 2018
- Mudra Loan Scheme
- national pension system scheme
- PMAY Gramin Awas Yojana
Step 5: After the approval of the bank loan, the promoter will have to use the project for its contribution and bank loan.
Step 6: On the distribution of the first installment of the loan, the bank will have to apply for NABARD subsidy and issue NABARD subsidy for dairy farming.
Step 7: Issue Subsidy to NABARD Bank Interest will be subsidized in the account classified as “Subsidy Reserve Fund Account”.
Step 8: On the satisfactory service of the loan by the promoter, the subsidy amount in the subsidy reserve account will be adjusted against the final loan amount.
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