Dairy Farming Loan Scheme:This scheme has been launched by the government for animal husbandry people who want to open a dairy farm. Through this scheme, you can also get a loan of up to Rs 10 lakh and a subsidy of up to Rs 3.30 lakh on this loan. The scheme has been launched to address the problem of unemployment by promoting animal husbandry and to promote milk production.
If you are unemployed and willing to start a dairy farm, you can fill the application form for NABARD Animal Husbandry Scheme. In this article, we will give you complete information about dairy farming loans. Such as how you can avail it, what documents will be required for it, how to apply, what will be the loan subsidy, what will be the eligibility, etc. Read this article till the end for all kinds of information.
Dairy Farming Loan Scheme 2025
If you are unemployed and thinking of starting a dairy farm, but if you do not have that much money to start a dairy farm, you can apply for a dairy farming loan online. NABARD is an Indian development bank that provides loans up to Rs. 10 lakh in the form of “Dairy Farming Loan” to the beneficiaries for the purpose of development in the animal husbandry sector and this loan is also subsidised. If you live in a rural area, you can apply for this loan to start a dairy farm.
What is the purpose of NABARD Dairy Farm Loan Scheme?
The objective of implementing the Dairy Farm Loan Scheme operated under the NABARD Dairy Entrepreneurship Development Scheme is to develop the animal husbandry sector so that milk production can be increased and unemployed citizens can get employment in the animal husbandry sector. Under this scheme, a loan of up to Rs 10 lakh can be taken to open a dairy farm, which also provides a subsidy of up to Rs 3.30 lakh. Under this scheme, an additional loan ranging from Rs 50,000 to Rs 12 lakh can be taken to buy cattle.
Dairy Farming Loan Subsidy Details
For information, let me tell you that under this scheme you can get up to 25% subsidy. The scheme provides a subsidy of up to Rs 4.40 lakh to citizens falling under Scheduled Castes and Scheduled Tribes. The loan will be approved by the bank. Under this scheme, if you buy equipment for processing milk products and the cost of this equipment is Rs. 13.20 lakhs, then you can get 25% on it i.e. Rs. 3.3 lakh as grant.
What is the interest rate of dairy farming loan?
Under the NABARD Animal Husbandry Scheme, loans are also available for procurement of animals as well as infrastructure and equipment required for dairy farming. If you apply for a dairy farming business loan, you will get a loan at an annual interest rate of 6.5% to 9% under the Dairy Entrepreneurship Development Scheme. It will be given 10 years to repay it.
Eligibility
- Only native residents of India can apply for NABARD Dairy Farming Loan.
- People living in rural areas have been invited to apply for this.
- The applicant must have land to start dairy farming.
- Other resources should be utilised for dairy farms.
- Under the scheme, special preference is given to citizens belonging to the Scheduled Caste and Scheduled Tribe category.
Required Documents
- Aadhaar card
- Address proof
- Income certificate
- Mobile number
- Passport size photograph
- Bank passbook
- Duly filled application form
- Photocopy of business plan etc.
