Government is giving loan up to Rs 20 lakh to open a dairy, know what is the scheme?

05/02/2024Posted on
Dairy Entrepreneur Development Scheme

Nowadays, farmers are trying their hand not only in farming but also in the dairy business. It is worth noting that a dairy business can be started with less than two cows or buffaloes. In this way, less capital is required to start this business. After starting small, it can be increased gradually. However, seeing the increasing interest of farmers towards the dairy sector, the government is also promoting it through various schemes. NABARD is also running a “Dairy Entrepreneurship Development Scheme” related to the dairy business for youth and farmers. Through this scheme, farmers get financial help to start a dairy business.

Under the Dairy Entrepreneur Development Scheme (DEDS), loans are available for small units related to dairy. Which helps in making them more productive and providing better markets for them. Under this scheme, the person doing animal husbandry gets 33.33% of the total cost of the project as a grant. Along with this, a loan of up to Rs 20 lakh is also given under this scheme for the purchase of milking machines/milk testers/bulk milk cooling units.

Farmers wishing to do dairy business can contact the bank to get a subsidy and loan for this. After this, they will get a subsidized loan from NABARD. Apart from dairy farming, loans are available for animal husbandry, poultry and animal husbandry under the NABARD scheme. If you want, you can also get information about the scheme on the NABARD website https://nabard.org.

Source: Krishi Jagran

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Get a grant of Rs 7 lakh for milk dairy, take advantage of the scheme soon

11/02/2023Posted on
Dairy Entrepreneur Development Scheme

Milk production is a major occupation in the rural areas of the country. At the same time, animal husbandry is also a major source of income for the farmers. In such a situation, the Government of India is running many schemes to promote milk production. One of these is the ‘Dairy Entrepreneur Development Scheme’. With the help of this farmers can get grants to open animal husbandry and milk dairy.

Under this scheme, the government provides subsidies up to Rs.7 lakh to start a dairy of 10 buffaloes. Loans for dairy can be made available from commercial banks, regional banks, state cooperative banks, state cooperative agriculture and rural development banks and other institutions affiliated with NABARD. Under this scheme, a subsidy of 25% is provided to dairy drivers of general category and 33% for women and the SC category for animal husbandry.

However, to get a loan above Rs 1 lakh, the applicant will have to mortgage his land documents. Along with this, a cancelled check will have to be attached along with a copy of Aadhar card, PAN card, caste certificate while applying. If you also want to start a dairy, then take advantage of this scheme of the government soon.

Source: Krishi Jagaran

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