1. Agriculture World

NABARD Offering Loan and Subsidy to Cow and Buffalo Farmers

Pronami Chetia
Pronami Chetia
Herd of Cow

A large number of schemes for the welfare and well-being of farmers have been launched and implemented at the national and state levels across the country. However, the majority of farmers are unaware of these programs. With the support of the National Bank for Agriculture and Rural Development, the Union Ministry of Agriculture has extended a subsidy scheme to livestock owners and farmers (NABARD).

If you want to start a small dairy, you can raise crossbreed cows like Sahiwal, Red Sindhi, Gir, Rathi, or Buffalo, according to Ministry of Agriculture rules. According to the article, livestock farmers who retain 10 cattle in their dairy opened under the DEDS scheme will be given a loan of 7 lakh rupees by the Livestock Department.

25 to 33 per cent subsidy for Animal Husbandry 

According to the Dairy Entrepreneurship Development Scheme (DEDS), you would be eligible for a capital subsidy of 25% of the cost of dairy planting. The SC/ST category, on the other hand, will receive a 33 percent subsidy. It's worth noting that this incentive will only apply to individuals who retain a maximum of 10 cows or cattle. Furthermore, the NABARD subsidy will be issued to the bank from where the loan was obtained, and that bank would store the money in the name of the individual who provided the loan. The Livestock Department will then disburse the loan to the appropriate producers.

Lending Institutions under the Scheme 

NABARD will refinance Commercial Banks, Regional Banks, State Cooperative Banks, State Cooperative Agriculture Banks, and Rural Development Banks. State Bank, Grameen Bank, Allahabad Bank, Bank of Baroda, Bank of India, Corporation Bank, Punjab National Bank, and Union Bank of India are among the nationalized banks that are eligible for the scheme.

How to Get Loan for Animal Husbandry?

To secure a loan, the animal owner must go to a nationalized bank or a nearby animal centre and fill out a form to apply for the NABARD subsidy. After filling out the form, the veterinarian must go to the bank and submit it along with the required documentation.

The cattleman's application on behalf of the bank will then be approved and delivered to NABARD. Following that, NABARD will offer a loan to the bank in order to provide subsidy. It should be emphasized that the animal husbandry loan benefit will be offered to the same animal owner who has not taken up a bank loan.

(Also read: How To Run A Profitable Cow Dairy Farm In India)

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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