Nabard Dairy Loan Apply Online 2024

Nabard Dairy Loan Apply Online 2024- Dairy Farming Yojana

Pratham Shetty April 27, 2024 Personal Loans, Finance, Loan Apps 46 Views

Nabard Dairy Loan Apply Online: The Nabard scheme has been started by the Finance Minister of the Central Government, Shri Nirmala Sitharaman. The main objective of this scheme is to provide assistance to the unemployed youth of our country for their self-reliance and pave the way for them to get employment opportunities in the field of dairy farming.

Under this scheme, loans will be provided by the government at low interest rates to make it easier for young entrepreneurs to start their own businesses.

Nabard Dairy Loan Apply Online 2024

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Nabard Dairy Loan Apply Online – Overview

Under the NABARD Dairy Farming Scheme, you can get a loan of Rs 10 lakh to start a dairy farm. Under this scheme, milk production will be promoted and unemployment will be reduced in our country. The loan amount given under this scheme will be provided by the bank.

If you also live in a rural area and want to take advantage of the NABARD Dairy Farming Scheme 2024, then in this article you are being given information about animal husbandry, dairy farming loans, and subsidies and read it till the end.

What is the NABARD Dairy Farming Scheme?

The NABARD scheme was started by the Finance Minister of the Central Government, Shri Nirmala Sitharaman. The main objective of this scheme is to provide assistance to the unemployed youth of the country in getting self-reliant employment opportunities.

Under the NABARD Dairy Farming Scheme, you can open a dairy farm by getting a loan of Rs 10 lakh. Under this scheme, if you buy milk products worth up to Rs 13.20 lakh, you will be provided a subsidy of 20%.

Under this scheme, loans at low interest will also be available by the government. Under the Animal Husbandry Department, modern dairies will be established in all the districts through the NABARD scheme. Under this scheme, unemployed youth will get a chance to get employment by starting a dairy farm at home.

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Types of NABARD Dairy Loan

Animal Purchase Loan: It is provided for the purchase of animals.
Loan for Dairy Farming: It is given for the purchase of infrastructure and equipment required for dairy farming.

What are the interest rates of the scheme?

The interest rate of loans under the Dairy Entrepreneurship Development Scheme is 6.5% to 9% per annum. The loan repayment period is up to 10 years.

Objectives of the NABARD Dairy Farming Scheme

Under the NABARD Dairy Farming Scheme, loans without any interest will be provided to the citizens starting the dairy industry.
Nabard Dairy Farming Yojana will work to ensure employment for the citizens of the country.
The government is making efforts on a large scale to increase the income of farmers.
A new initiative is being taken to transform dairy farming from unorganized to organized.
The objective is to provide facilities to the dairy sector and create self-employment opportunities. This will increase dairy production and create new employment opportunities.
NABARD does not provide a direct loan facility to any farmer or individual. It provides recourse to banks involved in rural development.
NABARD Dairy Farming Loan can be taken under the Dairy Entrepreneurship Development Scheme.

Functions of NABARD

It provides financial services for the improvement and development of rural India.
Organizes and manages fund programs for agricultural and farming activities
Makes policies for rural financial institutions
NABARD provides financial services for the development of food and food processing units in designated food parks.
NABARD provides loan services to warehouses cold chains and cold storage infrastructure.
It provides short-term and long-term finance services to its customers and also provides direct refinance services to cooperative banks.
It provides loan facilities to marketing federations.
Specifically helps fund long-term irrigation and rural infrastructure development.

Features of the NABARD Yojana

Assisting re-finance
Building infrastructure in rural areas
Preparation of credit scheme at the district level
Guiding the banking sector in achieving its credit goals
Inspection of Regional Rural Banks (RRBs) and Co-operative Banks
Preparing new projects for rural development
Implementing government development plans
Training handicraft artisans

NABARD Dairy Farming Scheme Subsidy

Under this scheme, equipment can be purchased for processing milk products. If you buy this machine, its price is up to Rs 13.20 lakh, on which you can get a capital subsidy of 25% i.e. up to Rs 3.30 lakh.

NABARD Animal Husbandry Subsidy can be availed up to Rs 3.30 lakh and all the citizens falling under Scheduled Caste and Scheduled Tribe are given subsidies up to Rs 4.40 lakh under the scheme.

The NABARD Animal Husbandry Scheme amount will be approved by the bank and the beneficiary applying will have to pay 25% of the amount himself.

Eligibility for NABARD Dairy Farming Scheme

NABARD Dairy Farming Scheme 2024 covers farmers, companies, individual entrepreneurs, NGOs, and organized and unorganized sectors.
To avail of the benefits of this scheme, a person can apply only once.
Under NABARD Dairy Farming Scheme 2024, more than one person from a family can avail of the benefits of this scheme.

NABARD Dairy Loan Required Documents

To apply for NABARD Dairy Farming Scheme one must have photocopies of the following documents:

Identity proof required are:-

PAN Card, Voter ID Card, etc.
Electricity bill and copy of Aadhar card.
Photocopy of income certificate.
Photocopy of business plan.
Bank account details.
Mobile number details.

Nabard Dairy Loan Apply Online 2024 Steps:-

Under this scheme, all the persons starting or interested in business can directly approach the bank.
According to sources, to avail the benefits of this scheme the applicant will have to apply for a loan in the bank.
The applicant will have to go to the bank fill out the application form and submit it.
After this, the bank will provide a loan of Rs 10 lakh.
If the loan amount is high, it will be necessary to submit the project report to NABARD.

Loans and Funds under the NABARD Dairy Loan scheme

1. Re-Finance – Short-Term Loan

Short-term loans or crop loans are given to farmers by various finance institutions for the purpose of crop production. By providing this loan, one can be assured about food security in the country. In the year 2017-18, NABARD provided Rs 55,000 crore to several financial institutions for seasonal agricultural works. Short-term loan of Rs.

2. Long-term loan

Long-term loans are provided to finance institutions for agricultural and non-agricultural purposes. Long-term loan tenure ranges from 18 months to a maximum of 5 years. NABARD disbursed Rs 65,240 crore to finance institutions in the year 2017-18. Loans of Rs. 15,000 crore were given to corporate banks and regional rural banks (RRBs). Loan of Rs.

3. Rural Infrastructure Development Fund (RIDF)

The focus of this fund is the development of rural infrastructure in India, and the amount given for it in the year 2017-18 was Rs 24,993 crore. Was.

4. Long-Term Irrigation Fund (LTIF)

This fund was started with Rs 20,000 crore. This was done primarily to provide funds for 99 irrigation projects with an amount of Rs. After the approval of funds for 99 projects, two more projects named ‘North Koel Dam Project’ from Bihar and Jharkhand and ‘Polvaram National Project’ from Andhra Pradesh were started.

5. Pradhan Mantri Awas Yojana – Rural (PAMY-G)

Under this scheme, Rs 9000 crore will be provided to the National Rural Infrastructure Development Agency (NRIDA). An amount of Rs. 100,000 was received, through which permanent houses with all basic facilities are to be built for needy families by the year 2022.

6. NABARD Infrastructure Development Assistant (NIDA)

NABARD Infrastructure Development Assistance is a special program launched to provide loans to state-owned institutions and corporations to make them financially prosperous.

7. Warehouse Infrastructure Fund

The Warehouse Infrastructure Fund provides scientific storage infrastructure for agricultural commodities.

8. Food Processing Fund

Under this fund, the Government of India has allocated Rs 541 crore for 11 mega food park projects, 3 food processing units, and 1 food park project. The loan was announced.

9. Giving loans directly to cooperative banks

NABARD has disbursed Rs 4,849 crore to 58 co-operative commercial banks (CCBs) and four state co-operative banks (StCBs) spread over 14 states. Assistance has been provided.

10. Loan Facility to Marketing Federation (CFF)

This federation promotes agricultural activities and trade of agricultural products; It also promotes and strengthens trade and cooperative societies.

11. Loans to producer organizations and primary agricultural cooperative societies

NABARD has launched the Producer Organization Development Fund (PODF) to support Producer Organizations (PO) and Primary Agricultural Credit Societies (PACS). These organizations have been formed to function as service centers.

FAQs- Nabard Dairy Loan Apply Online 2024

What is the procedure for taking a NABARD loan for dairy farming?

No loan is given under the NABARD scheme. Loans are subsidized only by some rural banks, cooperative banks, and private and public sector banks.

How to apply for a NABARD loan?

No loan is given under the NABARD scheme. To avail of the subsidy given under the NABARD scheme, you will have to apply for a business loan in a commercial co-operative bank.

How much subsidy does NABARD give for dairy farming?

The subsidy given under the NABARD scheme is 25% (33.33% for SC/ST farmers), with a maximum of Rs 1.20 lakh for a dairy with 20 animals. (Rs. 1.60 lakh for SC/ST farmers). The maximum subsidy for dairy with 5 animals is Rs 30,000. (Rs 40,000 for SC/ST farmers).