Animal husbandry is one of the most profitable businesses for farmers not only in India but across the globe. Moreover, the animal husbandry business is considered to be an occupation where the probability of loss is extremely low. Moreover, many new scientific methods have been developed in the animal husbandry sector, which is proving very beneficial for the farmers. Keeping this thing in mind, the government has operated and initiated ‘Dairy Entrepreneur Development Scheme’ to help the dairy farmers to encourage dairy sector across the country amid the countrywide lockdown.
As per the report, the DEDS scheme has been started by the central government from 1st September 2010. Under this scheme, the government has decided to provide a subsidy of up to 33.33 per cent and you can take a loan up to Rs. 7 lakh. As per the report, there is a provision to provide a subsidy of up to 33.33 per cent of the total project cost to the person who has dairy or buffalo rearing. Under this scheme, the Livestock Department will provide a loan of 7 lakh to 10 buffalo dairy.
What is Dairy Entrepreneur Development Scheme?
The Department of Animal Husbandry, Dairying and Fisheries (DAHD&F), GoI launched a pilot scheme titled “Venture Capital Scheme for Dairy and Poultry” in the year 2005-06. The main objective of the scheme was to extend assistance for setting up small dairy farms and other components to bring structural changes in the dairy sector.
It is worth mentioning that the Kamadhenu and Mini Kamadhenu schemes were operated earlier, for which buffalo rearing had to pay a huge amount from himself. Now the Central Government has started the Dairy Entrepreneur Development Scheme to provide employment to the people in the villages as well as to increase milk production. The subsidy will also be given within two days as soon as the file is approved by the government. Moreover, 25 % subsidy will be given for the general category and 33 per cent for women and SC category. This subsidy will remain in the account of the concerned dairy operator.
Lending Institutions under DEDS Scheme
State co-operative bank
State Cooperative Agriculture and Rural Development Bank
Other institutions that are eligible for refinance from NABARD.
Documents Required for DEDS Loan
If the loan is more than 1 lakh, then the borrower may have to mortgage some papers related to his land.
Identity card and certificate
Copy of project business plan
DEDS Planning Essentials
However, the entrepreneur will have to invest at least 10 per cent of the entire project cost by himself. Apart from this, if the project is not completed before 9 months due to any reason, then the project owner will not get the benefit of the subsidy. Also, the subsidy given under this scheme will be Back Ended Subsidy. By Back Ended, we mean that subsidy will be issued by ‘NABARD’ to the bank from where the loan is taken, and that bank will keep that money in the name of the person giving the loan.
How to get loan from NABARD for Buffalo Rearing?
In order to get a loan, the animal owner will have to visit a nationalized bank or a nearby animal centre and get a subsidy form under NABARD. After that, after filling the form, the veterinarian will have to visit the bank and submit his form by attaching it with the necessary documents. After which the application of the cattleman on behalf of the bank will be approved and sent to NABARD. Then NABARD will provide a loan to the bank to provide subsidy to the livestock. It is to be noted that the benefit of animal husbandry loan will be available to the same animal owner who has not taken a loan from any bank.
SOURCE: Krishi Jagran