As you know dairy farming comes under the category of a small business. By starting this business with low investment you can make a good source of income. At present, lakhs of people in different parts of the country are earning lakhs from dairy farming business by taking milk dairy loan. But of course it is possible only after hard work and understanding of business.
If you also want to open milk dairy in your village or town and need some loan. So the information given here can be of great use to you –
Milk Dairy Loan 2022 –
Milk Dairy Loan is given by the Government of India for making profit by producing milk by animal husbandry. To buy new animals or arrange for dairy fodder etc., the government has started many schemes for the farmers. The name of the scheme that we are going to tell in detail today is Dairy Entrepreneurship Development Scheme.
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Under this scheme of the central government National Bank for Agriculture and Rural Development i.e. NABARD also provides the facility of getting loan from the bank and subsidy help in repaying the loan to the people going to start dairy industry.
What are the main features of the scheme –
- cooperative, regional, commercial, rural or nabard Loan up to 7 lakh can be availed by the bank for dairy farming under this scheme.
- Up to 33.33% subsidy i.e. subsidy by the government on the loan taken by the entrepreneur.
- For milk dairy loan, the number of milch animals is minimum 2 and maximum 10 animals have to be taken.
- The scheme is funded by the Department of Animal Husbandry and Dairying.
- The applicant has to keep more milch varieties like Sahiwal, Red Sindhi, Gir, Rathi or Buffalo species in his dairy.
- The applicant should have sufficient land for the provision of fodder for the animals.
- Eligible people in the age group of 18 to 65 years can take advantage of Dairy Entrepreneurship Scheme.
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What is the process to take milk dairy loan?
For dairy scheme loan application, first of all the applicant has to go to his nearest cooperative, regional, commercial, rural or NABARD bank. Under the Dairy Entrepreneurship Development Scheme, the bank has to negotiate for taking a loan. After this, along with the application form given for the dairy, other necessary documents have to be submitted to the bank manager.
After all the details mentioned in the application are verified, the requested amount is given in the bank account of the applicant entrepreneur. After this, only the EMI of the loan remains to be paid. The benefit of subsidy given by the government is also given at the time of repayment of the loan.
Documents required to take milk dairy loan –
- ground paper for animal feed
- Aadhar card or other photo identity card
- Address proof
- income certificate
- income tax return
- caste certificate
- Project Report (Action Plan)
- pledge proof
- Mobile, Email etc.
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Who can take loan –
- mango farmer
- Unorganized and organized sector groups
- by self help group
- dairy cooperatives
- milk producers union
- Panchayati Raj Institutions
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