Agriculture World

Cow and Buffalo Rearing: NABARD is Offering Loan up to 7 lakh and 25% subsidy to Livestock Farmers

Pronami Chetia
Pronami Chetia

A large number of schemes have been initiated and run at the central and state level across the country for the welfare and wellbeing of farmers. However, most of the farmers are not aware of these schemes. Recently, the Union Ministry of Agriculture has provided a subsidy scheme to the livestock owners and farmers with the help of National Bank for Agriculture and Rural Development (NABARD). 

According to the guidelines issued by the Ministry of Agriculture, if you want to open a small dairy, you can keep crossbreed cow-like Sahiwal, Red Sindhi, Gir, Rathi or Buffalo. As per the report, the Livestock Department will provide a loan of 7 lakh rupees to the livestock farmers who are keeping 10 cattle in their dairy opened under this DEDS scheme. 

25 to 33 per cent subsidy for Animal Husbandry 

According to the Dairy Entrepreneurship Development Scheme (DEDS), you will get a capital subsidy of 25 per cent of the expenditure incurred in planting dairy. On the other hand, the SC / ST category will get a subsidy of 33%. It’s important to note that this subsidy will be applicable to those who are keeping a maximum of 10 cow or cattle. Moreover, the subsidy by NABARD will be issued to the bank from where it has taken the loan, and that bank will keep that money in the name of the person giving the loan. Then the Livestock Department will provide the loan to the respective farmers.

Lending Institutions under the Scheme 

Commercial Bank, Regional bank, State co-operative bank, State Cooperative Agriculture and Rural Development Bank are eligible for refinancing from NABARD. Nationalized Banks including State Bank, Grameen Bank, Allahabad Bank, Bank of Baroda, Bank of India, Corporation Bank, Punjab National Bank, Union Bank of India are also eligible under the scheme.

How to Get Loan for Animal Husbandry?

In order to get a loan, the animal owner has to visit a nationalized bank or a nearby animal center and get a form to avail the subsidy under NABARD. After filling the form, the veterinarian will have to visit the bank and submit his form by attaching it with the necessary documents.

After which the application of the cattleman on behalf of the bank will be approved and sent to NABARD. After that procedure, NABARD will provide a loan to the bank to provide subsidy. It is to be noted that the benefit of animal husbandry loan will be available to the same animal owner who has not taken loan from any bank.

Documents required for loan

If the loan is more than 1 lakh, then the borrower may have to mortgage some papers related to his land-

Caste certificate

Identity card and certificate

Copy of project business plan

For more information about the scheme and to talk to the officer of the animal husbandry department

You can visit the below link or Click Here 

http://www.animalhusb.upsdc.gov.in/en/contact-us   

 

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