SBI Dairy Loan Scheme Form Farming in UP Pashupalan Vibhag

SBI Dairy Loan Scheme Application Form of Milk Farming in UP For Subsidy Entrepreneurship Development Yojana Pashupalan SBI Dairy Farming Loan Scheme.

SBI Dairy Loan Scheme for Establishing business in Cow and Buffalo Milk Product in SBI loan for dairy farming in UP. In agriculture sector of India half of Population depends on it and more on Dairying which is an important source of subsidiary income to small, marginal farmers and agricultural labourers. Government today taking strict action for making Kisan rich on milk business and introduced scheme such as Doodh Ganga Yojana, Kamdhenu Yojana, Projects on Mini Dairy and Entrepreneurship Development Program on Mini Dairy.

SBI Dairy Farming Loan Scheme: State Bank of India will approve loan under SBI Dairy Scheme Sarkari Yojana For construction of shed, purchase of milch animals, milking machine, chaff cutter or any other equipment required for the purpose. The scheme aims to transform micro enterprises engaged in dairy farming project report into organised dairy business enterprises.

Dairy Venture Capital Fund: To generate self employment under Entrepreneurship Development Program and provide infrastructure mainly to unorganized sector. Government of India will subsidise the interest rate on Kisan Loan dairy scheme applicable for agricultural activities to the extent of 50% in case of regular/timely repayment of loan by the beneficiary. NABARD is the Nodal Agency for the Dairy Farming Loan scheme. GOI will provide 50% of the total approved project cost as interest free loan.

Eligibility Criteria for Kisan Dairy Loan Scheme: Individual farmers who are members of the milk procuring Pashupalan Vibhag societies or located on milk route.

Age Limit: They should be less than 65 years of age.

Loan Amount: Animals in first and second lactation alone are eligible for finance. 100% of the cost for loans up to Rs 100,000/, 90% of the cost for loans above Rs 100,000/ with a maximum of Rs 5 Lakhs as Term loan.

Working Capital: A working capital @ Rs.2500/- per animal per year may be sanctioned for purchase of feed, fodder and medicine along with the term loan Security.

Document Required: Assets created out of bank finance for loans up to Rs 1.00 lac .For loans Over Rs.1 lac -Mortgage of landed property (or) third party guarantee required worth for loan amount (or) group guarantee of other 2 dairy farmers.

How to Repay Loan taken by Farmer in Dairy Scheme:  The loan should be repaid in monthly instalments/Yearly over a period decided by various banks. Interest Rate- 9.5% to 12.25% depending upon Loan amount. Repayment- Repayable in half yearly instalments in 36 to 60 months

How to apply for this Dairy Loan Scheme in UP: You may contact our nearest branch or talk to the marketing officers visiting your village.
1. Individual dairy unit having less than 10 animals. Should own minimum 0.25 acre of land for every 5 animals for growing fodder and be in a position to procure the balance requirements locally.

2. Should own or lease a minimum of one acre of land for cultivation of fodder for every 5 animals.
Other terms

3. Only buffaloes producing more than 7 litres of milk per day and cows producing more than 8 litres of milk per day are financed Animal purchase should be in 2 batches

Doodh Ganga Yojana: The Doodh Ganga Yojana, launched in September 2009 in Himachal Pradesh, mainly has worked under two schemes. The first scheme was that of partial interest free loans and the second scheme that is currently operational, provides capital subsidy to the beneficiaries is aiming to devise dairy farming effective and easy and thereby making it a viable and profitable self employment venture.

For More details check Below Source: Condition above may also changed according to state, District and Location.

Read More: Kamdhenu Yojana UP 2017 Parag Mini Micro Dairy Scheme Hindi