Pashupalan Loan: The nation’s agriculture and animal husbandry industries are supported by a number of government initiatives. For the purpose of financing animals and their whole development, NABARD offers animal farmers loan services.
Enhanced Loan Amount
If you’d want to use the loan option for your dairy farm. in order for you to take it via NABARD. Let us inform you that under NABARD, you will now receive a loan of Rs 12 lakh instead of the Rs 5 lakh that you would have received in the past for building and buying animals for dairy farming. The subsidy facility has also been raised to 50% in tandem with this.
The government offers loans of between Rs. 50,000 to Rs. 12 lakh through NABARD for the acquisition of animals and dairy farming in order to address the nation’s growing demand for milk and to encourage self-employment. This has an interest rate that is between 6.5 and 9 percent. And NABARD offers a ten-year lending arrangement. Individuals who fall under the SC and ST categories on this
Announcement by Agriculture Minister
The subsidy facility for them is more than 33 percent whereas for others, subsidy of 25 percent is given. In Chhattisgarh state, Agriculture Minister Brijmohan Aggarwal has announced during the second convocation ceremony at Kamdhenu University Anjora on Wednesday that now a loan of Rs 12 lakh will be available for animal husbandry. In which 50 percent subsidy will also be available.
Application Process
To avail loan facility for dairy farming, you may apply for it with the help of your nearest NABARD center or nearest bank. Loan facility is also available in banks under NABARD. You will have to apply to the bank by filling the subsidy form. If the amount of the loan is large then project report will have to be submitted. If you want further details then you can visit the official website of NABARD. Along with this, you can also contact NABARD helpline 022-26539895/96/99.
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