National Bank for Agriculture and Rural Development (NABARD) has one of the schemes with an objective to bring structural changes in the unorganized sector of dairy farming. It also aims to setting up of modern dairy farms and providing employment opportunities for individuals. Government provides financial assistance to the people who wants to take up diary as business.
Farmers and individuals can take advantage of this scheme. This scheme also provides an opportunities for entrepreneurs interested in dairy farming. Now have a look at the important features and specifications of this scheme:
Who can apply?
Objectives of the scheme
Financial assistance will depend upon the type of dairy farming which has been described below.
INR 6 Lakh for 10 animal units – minimum unit size is 2 animals with an upper limit of 10 animals
· INR 1.50 Lakh subsidy for General category and 1.98 Lakh for SC/ST individuals.
· Maximum amount has been fixed at INR 15,000 (20,000 for SC/ST farmers) in the case of a single(one) animal unit.
2. Rearing of Heifer Cows up to 20 calves
INR 5.50 Lakh for 20 calves
· INR 1.37 Lakh subsidy for General category and INR 1.83 Lakh for SC/ST individuals.
· Maximum permissible subsidy is INR 33,o00 (44,000 for SC/ST farmers) for 5 calves.
3. Purchase of milking machines/milk testers/chilling machines
INR 20 Lakh
INR 13.20 Lakh
· INR 3.30 Lakh for General category and INR 4.40 Lakh for SC/ST farmers.
INR 26.50 Lakh
INR 6.625 Lakh for General category and INR 8.830 Lakh for SC/St farmers.
INR 33 Lakh
INR 8.25 Lakh for General category and INR 11 Lakh for SC/ST farmers.
Note: The subsidy has been calculated on the basis of 25% for General category and 33.33% for SC/ST farmers.
How it works?
SOURCE : INDIANIRIS , NABARD