Introduction:
Dairy farming in India holds significant potential for rural livelihoods and economic growth. To support the sector and foster its development, the National Bank for Agriculture and Rural Development (NABARD) offers subsidies and financial assistance through various schemes. This guide aims to provide detailed information and important points for accessing NABARD subsidy for dairy farming.
-
Understanding NABARD Subsidy for Dairy Farming:
- Overview of NABARD’s role in promoting dairy farming.
- Objectives of the NABARD subsidy scheme for dairy farming.
- Importance of the scheme in promoting modern dairy practices, conservation of breeding stock, and generating self-employment.
-
Eligibility Criteria:
- Types of individuals and entities eligible for the subsidy, including farmers, entrepreneurs, NGOs, and cooperatives.
- Special provisions for Scheduled Caste (SC) and Scheduled Tribe (ST) farmers.
- Requirements for setting up separate units by family members and minimum distance criteria between farms.
-
NABARD Schemes:
- Detailed breakdown of assistance provided under various schemes, including:
- Establishment of small dairy units.
- Rearing of heifer calves.
- Vericompost production.
- Purchase of milking machines, testers, and cooling units.
- Acquisition of dairy processing equipment.
- Development of transportation facilities, cold storage, and veterinary clinics.
- Setting up dairy marketing outlets and parlours.
- Investment amounts, subsidy percentages, and ceilings for each scheme.
- Provisions for SC/ST farmers and the process for availing subsidies.
- Detailed breakdown of assistance provided under various schemes, including:
-
Steps to Obtain NABARD Subsidy:
- Detailed guide on the steps involved in accessing the subsidy:
- Choosing the type of dairy farming activity.
- Registering the business entity.
- Preparing a comprehensive project report or business plan.
- Applying for a bank loan from eligible financial institutions.
- Implementing the project using the sanctioned loan.
- Bank’s application to NABARD for subsidy release.
- Disbursement and management of subsidy funds.
- Adjustment of subsidy against loan repayments.
- Detailed guide on the steps involved in accessing the subsidy:
Conclusion:
Accessing NABARD subsidy for dairy farming can significantly benefit entrepreneurs and farmers in India. By understanding the eligibility criteria, subsidy schemes, and procedural steps outlined in this guide, individuals and entities can navigate the process effectively and leverage financial support to establish and expand dairy farming operations, contributing to rural development and economic growth.
