Good news for breeders! The government offers loans up to Rs. 7 lakhs and 25% grant; Know how to apply

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Animal husbandry is one of the most profitable activities for farmers not only in India but across the world. In addition, the breeding activity is considered a profession where the probability of loss is extremely low. However, many new scientific methods have been developed in the livestock sector, which is proving to be of great benefit to farmers. With this in mind, the government has established and launched a “Dairy Entrepreneur Development Scheme” to help dairy farmers across the country.

According to the report, the DEDS program was started by the central government from September 1, 2010. Under this program, the government decided to provide a subsidy of up to 33.33% and you can contract a loan up to Rs. 7 lakh. According to the report, there is a provision for a subsidy of up to 33.33 percent of the total cost of the project to the person raising dairy or buffalo. Under this program, the Department of Livestock will grant a loan of 7 lakh to 10 buffalo dairies.



Dairy Entrepreneur Development Program

GoI’s Department of Livestock, Dairy Production and Fisheries (DAHD & F) launched a pilot program called “Dairy and Poultry Venture Capital Plan” in 2005-06. The main objective of the scheme was to extend support for the creation of small dairy farms and other elements to bring about structural changes in the dairy sector.

It should be mentioned that the Kamadhenu and Mini Kamadhenu programs were operated earlier, for which the buffalo farm had to pay a huge sum on their own. Now the central government has launched the Dairy Entrepreneur Development Program to provide jobs for the villagers and increase milk production. The subsidy will also be awarded within two days of the application being approved by the government. In addition, a 25% subsidy will be granted for the general category and 33% for women and the SC category. This subsidy will remain in the account of the dairy operator concerned.



Credit institutions under the DEDS regime

Commercial bank Regional bank State cooperative bank State cooperative bank for agriculture and rural development Other institutions eligible for NABARD refinancing

Documents required for the DEDS program

If the loan is greater than 1 lakh, the borrower may have to mortgage certain papers related to his land.

Caste certificate

identity card and certificate copy of the project business plan

However, the entrepreneur will have to invest at least 10 percent of the total cost of the project himself. Other than that, if the project is not completed for 9 months for any reason, the project owner will not benefit from the grant. In addition, the grant awarded under this program will be an end-of-cycle grant. By Back Ended we mean that the grant will be issued by ‘NABARD’ to the bank from which the loan is taken, and that bank will hold this money on behalf of the person granting the loan.



How do I get a bison farm loan?

In order to obtain a loan, the owner of the animal will have to go to a nationalized bank or to a nearby animal center and obtain a grant form under the NABARD. After that, having completed the form, the vet will need to go to the bank and submit their form, attaching it with the necessary documents. After which the breeder’s request on behalf of the bank will be approved and sent to NABARD. Then, NABARD will grant a loan to the bank to subsidize the livestock. It should be noted that the benefit of the breeding loan will be available to the same animal owner who has not taken out a loan from any bank.

Breeders can also obtain the form by clicking on this link

https://www.nabard.org/auth/writereaddata/File/Annexure_1.pdf.


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