Avail Bank loan and subsidy

Avail Bank loan and  subsidy in  animal husbandry sector.

Given below are some important information which will be useful for farmer /entrepreneur interested  in availing bank loan and government subsidy in livestock farming.

Who are eligible for a loan?-.Farmers, individual entrepreneurs, groups of unorganized and organized sector. Groups of organized sector include self-help groups etc.

Age– Generally  18-65 years

How to avail bank loan in animal husbandry sector?

Animal Resources Development/Animal Husbandry department is the facilitator department for Government subsidy schemes both of central and state government. 1-Visit your local veterinary/animal husbandry officer and financing bank.Discuss your Project & Government subsidy.2-Fill your loan application & submit it with following documents.

a-ID PROOF ( Aadhar card, Passport / Voters ID card/ Driving License/PAN Card). b– Residence proof (Tel/ Electricity Bill/ Ration card, Lease agreement/ Passport/Trade license /Sales Tax certificate)c-Photograph .d-Land record(ROR) of your proposed farm. e-A Detailed project report(DPR)

(Generally, a DPR is  not required for small-scale finance But for large-scale finance DPR is mandatory)

3-Submit your loan application directly to a bank or through animal husbandry department. It is better to submit loan application through animal husbandry department with feasibility certificate from the local veterinary officer.

Margin Money– It is the contribution of entrepreneur for the project. Minimum margin money is 10% for most of the schemes but it varies from 10-25% as per project size and category of farmer.

(circular RPCD.PLFS.BC.No 85/05.04.02/2009-10 dated June 18, 2010 on)

it has been decided to raise the limit for collateral free agricultural loans from the existing level of ₹1 lakh to ₹1.6 lakh. Accordingly, banks may waive margin requirements for agricultural loans upto ₹1.6 lakh..

No margin money or collateral is required for agricultural bank loan up to 1.6 Lakh

Security:-For loans upto  one lakh sixty thousand Hypothecation of assets created out of bank finance

For loans above one lakh sixty thousand  -Mortgage of landed property or third party guarantee.

Sanction of Loan & Disbursement –Bank will apprise loan application as per norm (technical feasibility and economic viability) and sanction if found eligible. The loan is generally sanctioned within one month from the date of receipt of application. The loan is disbursed in two or three phases depending upon progress off work.. The subsidy-financing bank will claim subsidy after disbursement of the first  installment of a loan,(from NABARD in case of GOI schemes and SLBC in case state schemes.)

Repayment-Repayment period varies from 5-7 years depending upon the gross surplus of the project.

  1. Rural Poultry Entrepreneurship

(1000 poultry parent stock to get 500 hatching egg per day)

  1. Hatchery for hatching 3000 hatching egg / week

to get 2250 day old chick (doc)  & mother unit for brooding 2000 chicks upto 4weeks

  1. Sheep and goat entrepreneurship for establishment of breeder goat farm of 500 females and 25maleSheep and Goat
  2. Piggery entrepreneurship (100 sow and 10 boar)
  3. Silage making unit for entrepreneurs (Production capacity 2000-2400 MT per annum)

6.Fodder block making unit for entrepreneurship (30 MT/day)

Subsidy schemes of Government of Odisha

1.Mukhya Mantri Krushi Udyoga Yojana

2.Support to Farmers for Broiler Farming (500 Bird Capacity) under Deep Litter System in Individual Mode (2021-22)

3.Support to Farmers for Broiler Farming (1000 Bird Capacity) under Deep Litter System in WSHG Mode (2022-23)

4.Support to Farmers for Layer Farming (1000 Bird Capacity) in Cage System in Individual Mode (2022-23)

5.Livelihood Support to Farmers through Duck Farming (2022-23)

6.Livelihood Support to Farmers through Rural Backyard Poultry Rearing

7-Assistance for establishment of New Stray Cattle Shelter Houses/ Goshalas under State Plan for the Financial Year 2022-23 

8-Mini Poultry feed mill

9-Semi commercial pig farming

10- Semi commercial duck farming

11- Goat farming through women SHG

12-Support to Farmers for Broiler Farming (500 Bird Capacity) under Deep Litter System in Individual Mode (2022-23)

13-Support to Farmers for Broiler Farming (1000 Bird Capacity) under Deep Litter System in WSHG Mode (2022-23)

14-Support to Farmers for Layer Farming (1000 Bird Capacity) in Cage System in Individual Mode (2022-23)

15-Livelihood Support to Farmers through Duck Farming (2022-23)

16-Livelihood Support to Farmers through Rural Backyard Poultry Rearing

17- Bio-flock Subsidy

Apply here for state plan schemes under government of Odisha. Sugam Portal

 

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