Wanna know how to get Nabard Subsidy for Dairy Farming ?
Dairy farming is a predominantly unorganized sector in India and a major source of employment in rural areas. In the initiative to bring structure into the dairy farming industry and provide assistance for setting up dairy farms, In 2005 the Department of Animal Husbandry, Dairying and Fisheries decided to launch the “Venture Capital Scheme for Dairy and Poultry”.
Dairy farming is a predominantly unorganized sector in India and a major source of employment in rural areas. In the initiative to bring structure into the dairy farming industry and provide assistance for setting up dairy farms, In 2005 the Department of Animal Husbandry, Dairying and Fisheries decided to launch the “Venture Capital Scheme for Dairy and Poultry”.
The scheme provided for interest-free loans for setting up dairy units and as of 31st March 2010, nearly 15,268 dairy farms enjoyed interest-free loans to the tune of Rs.146.91 crores in India. Following the success of the Venture Capital Scheme for Dairy and Poultry, the Government 2010 decided to launch the Dairy Entrepreneurship Development Scheme through NABARD.
NABARD Subsidy for Dairy Farming Overview
Dairy farming is a big business in India and milk production is growing each year. In an effort to further strengthen dairy farming in India, the NABARD subsidy for dairy farming was launched. The objectives of the scheme include:
- To encourage the setup of modern dairy farms for the production of clean milk
- To bring structural changes in the unorganized sector so that the fundamental processing of milk can be taken up at the basic level itself.
- To bring about up-gradation of quality and traditional technology to handle milk on a commercial scale
- To generate self-employment and provide infrastructure mainly for the unorganized sector.
NABARD Dairy Farming Subsidy Eligibility
The following types of persons and associations of persons are eligible for receiving the NABARD Dairy Farming Subsidy:
- Farmers
- Individual Entrepreneurs
- NGOs
- Companies
- Groups of unorganized and organized sectors etc.
The groups that belong to the organized sector include Self Help Groups, Dairy Cooperative Societies, Milk Unions, Milk Federations, etc. However, an individual will be eligible to avail of the dairy subsidy for all the components under the scheme but only once for each component. Further, if more than one member of a family must avail of the dairy farming subsidy, they must set up separate units with separate infrastructure at different locations. The distance between the barrier of two such farms and should be at least 500m.
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