Scheme For Subsidy On Interest For Establishment Of 1 To 20 Milch Animal Farm For Scheduled Tribe

About This Scheme

The scheme “Scheme for Subsidy on Interest for Establishment of 1 to 20 Milch Animal Farm for Scheduled Tribe” was started by the Dept. of Agriculture, Farmers Welfare & Co-operation, Government of Gujarat. Under the scheme, the small and poor farmers of the Scheduled Tribe category of Gujarat State can purchase 1 to 20 animals as per their need and capacity to maintain. The eligible beneficiary can get an interest subsidy @ 12 % interest on a bank loan amount for 5 years if he/she has obtained a loan for setting up the unit in the current financial year 2023-24 through a nationalized bank or a financial institution approved by the Reserve Bank of India. It also provides good-quality organic manure for improving crop fertility & crop yields. Dung is also used as fuel for domestic purposes. The surplus fodder agricultural by-products are utilized by animals & converted into value-added products viz. Milk, Meat, etc.

Eligibility

1. The applicant should be a permanent resident of Gujarat State. 1. The applicant should belong to the Scheduled Tribe category only. 1. The benefit of this scheme will be available to the small and poor farmers of Gujarat State. 1. The applicant will be eligible for assistance only if he/she has obtained a loan for setting up the unit in the current financial year 2023-24 through a nationalized bank or a financial institution approved by the Reserve Bank of India. Note 01: The land should be owned by a member of the family or a beneficiary of the scheme. Note 02: The grant made under this Act may not be used for any other purpose and shall be paid annually. Note 03: The scheme shall provide for the establishment of a unit of livestock (cows and buffaloes) by obtaining a certificate from the Animal Husbandry Authority.

Benefits

1. The beneficiary can purchase 1 to 20 Milch animals (Any dairy animal cow & buffalo) at a subsidized rate as per their need and capacity to maintain. 1. The applicant can get an interest subsidy @ 12 % interest on the bank loan amount for 5 years. Note 01: The interest calculated by the bank or a maximum of 12% on the unit cost of the animal or the loan per unit advanced by the bank to purchase the animal, whichever is lower. Note 02: The amount of interest subvention will be deposited in the beneficiary's loan account in the form of a Direct Benefit Transfer (DBT) in installments. There will be no cash assistance for any of the beneficiaries.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.