NABARD scheme has been organized by the Central Government to provide employment opportunities to the villagers of the country. The government will offer low-interest loans to the people living in the country’s villages to help them set up dairy farming. Under this scheme, loan will be provided by the bank and the animal husbandry department will set up a modern dairy. Complete information related to NABARD dairy farming is given here.
1. What is NABARD Scheme
A new announcement has been made by Finance Minister Nirmala Sitharaman to help the country’s farmers who have been impacted by the Corona virus. She has decided to provide additional refinance assistance of Rs 30,000 crore to the farmers of the country under the NABARD scheme. This money will be provided through Cooperative Bank to the hardworking farmers benefiting from this scheme. About 3 crore farmers will benefit from this assistance.
2. Dairy Farming Scheme
Under the Dairy Farming Scheme 2024, measures will be taken to offer rural unemployed people self-employment opportunities. People will be able to easily start their own businesses as a result of this, and the country will see an increase in employment opportunities. This scheme will encourage establishment of dairy farms to boost milk production in the country. From milk production to care of cows and buffaloes, protection of cows and manufacturing of ghee, all the work will be done with the help of machines. Those who want to avail the benefits of this NABARD scheme, they have to apply under this scheme.
3. Objective of NABARD scheme
The main objective of starting NABARD scheme by the Central Government is to organize the dairy industries. So that self-employment is generated and more and more facilities are available in the diary sector. Because many people living in rural areas in our country still earn their livelihood from dairy farming. This program’s primary aim is to provide interest-free loans so that milk production can be promoted and lower the nation’s unemployment rate.
Bank Subsidy under NABARD Dairy Scheme
- Subsidy is also provided under Dairy Entrepreneurship Development Scheme to start a unit of milk product manufacturing.
- According to NABARD Dairy Scheme 2024, you can purchase necessary equipment for processing milk products.
- If you buy a machine whose price is Rs 13.20 lakh, you can get a subsidy of 25% (Rs 3.30 lakh).
- If you belong to Scheduled Caste and Scheduled Tribe category, then you can also get a subsidy of Rs 4.40 lakh for this.
- DDM of NABARD informed that the loan amount under this scheme will be sanctioned by the bank, 25% of which will be paid by the beneficiary.
- Beneficiaries of this scheme can apply by contacting the bank.
- If you want to start a dairy business with five cows, you will have to provide proof of their cost.
- The government will provide 50% subsidy for this, the rest will have to be paid to the farmers through the bank, which will be in different installments of 50%.
NABARD Dairy Farming Scheme 2024
First Scheme – To set up a small dairy unit for indigenous cows of breeds like Red Sindhi, Sahiwal, Rathi, Gir etc. in rural areas. In this, a common unit will be constructed for hybrid cows or 10 milch animals like buffaloes.
Investment – A minimum of Rs 5,00,000/- will be required to set up this dairy, which ranges from a minimum of 2 animals to a maximum of 10 animals.
Subsidy – Under this scheme, a subsidy of 25% will be provided on 10 animal dairy. Additionally, there is a provision of 33.33% in the subsidy amount for SC/ST farmers. The maximum capital subsidy allowed is Rs 1.25 lakh, which is Rs 1.67 lakh for SC/ST farmers. Subsidy will also be available for the second animal unit, amounting to Rs 25,000/-, and Rs 33,300/- for SC/ST farmers.
Second Scheme – For calf rearing, purchase 20 calves from the above mentioned breeds.
Investment – Under this scheme, you will have to invest Rs 80 lakh to raise at least 20 calves.
Subsidy – Subsidy up to 25% will be provided to units up to 20 heifers, which can amount to Rs 1,25,000/-. SC/ST category people will get capital subsidy up to Rs 1,60,000/-. Along with this, they can also get subsidy up to 33.33%. Maximum subsidy of Rs 30,000/- will be available when the work of rearing 5 calves is started, whereas for SC/ST people this subsidy can be up to Rs 40,000/-.
Third plan – To prepare vermicompost and manure, which will not be combined with milk animals.
Investment – The investment required here can be up to twenty thousand rupees.
Subsidy – Under this scheme, a subsidy of up to 25% will be provided on investment, which a person can get on an investment of Rs 4.50 lakh. Subsidy of 33.33% will be available to SC/ST applicants on capital up to Rs 6 lakh.
Fourth Plan – Purchase of milk testers/milk dispensers and installation of refrigerators to keep milk cool.
Investment – For this, the person has to invest up to Rs 18 lakh.
Subsidy – Up to 25% subsidy will be available on investment of Rs 4.50 lakh. Subsidy of 33.33% will be available to SC/ST applicants on capital up to Rs 6 lakh.
Fifth Plan – To procure dairy processing equipment, which will help in producing indigenous milk products.
Investment – For this project, a minimum investment of Rs 12 lakh will be required.
Subsidy – The individual will get subsidy under loan against capital up to Rs 3,00,000/- on which they will get a subsidy of 25%. SC/ST caste people will get subsidy of 33.33% on capital up to Rs 4,00,000/-.
Sixth Plan – To establish dairy product transportation facilities and cold chain.
Investment – To start this scheme, people will need a minimum of Rs 24 lakh.
Subsidy – On investment in the project, the government will provide a loan up to Rs 7,50,000/-, on which a subsidy of 25% will be available. People belonging to SC/ST caste will get loans up to Rs 10 lakh, on which they will get a subsidy of 33.33%.
Seventh Plan – Cold storage facility for milk and milk products.
Investment – Under this scheme, people will have to invest at least ₹30 lakh.
Subsidy – On setting up a hospital, any person will be provided 25% of their total expenses by the government. In case of mobile or stationary hospital, the amount of subsidy can be up to Rs 45,000/- and Rs 60,000/-. SC/ST caste applicants will also be provided 33.33% of the total expenditure by the government. Depending on the status of the hospital, a subsidy of up to Rs 80,000/- may be available to them.
Eighth Plan – Establishment of Private Veterinary Clinic
Investment – An investment of Rs 2.40 lakh will be required for a mobile clinic and Rs 1.80 lakh for a stationary clinic.
Subsidy – 25% of the expenditure will be provided by the government, including a subsidy of 33.33% for ultra-protected castes and tribes of the society. Subsidy up to Rs 45,000/- and Rs 60,000/- may be available, on the total expenditure of the applicant.
Eligibility for NABARD Scheme
- Farmers, individual entrepreneurs, non-narrow organizations, companies, unorganized and organized sector groups etc. can take advantage of this scheme.
- A person can avail the benefit of this scheme only once.
- Under this scheme, more than one member in the same family can get assistance but for this they will have to establish separate units at different places with different infrastructure. Along with this, the distance between two projects should be at least 5 meters.
- The beneficiary can avail assistance from all the components but only once.
4. How to apply for NABARD scheme?
- First of all go to the official website of National Bank for Agriculture and Rural Development NABARD.
- Now click on the option of Information Center on the home page.
- Now a new page will appear in front of you.
- Now you have to download the PDF file of the form based on your respective scheme.
- Now you have to fill this application form and attach the necessary documents along with it.
- Now you have to submit this application form to the nearest bank concerned.
For more information related to this form, you can also get it from the NABARD office or bank of the district.
