Scheme For Subsidy On Interest For Establishment Of 1 To 20 Milch Animal Farm
The scheme “Scheme for Subsidy on Interest for Establishment of 1 to 20 Milch Animal Farm for the State Cattle Breeders” was started by the Dept. of Agriculture, Farmers Welfare & Co-operation, Government of Gujarat.
About This Scheme
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 beneficiary can get an interest subsidy up to a maximum of 12% on the unit cost of the animal or the unit loan advanced by the bank for the purchase of the animal, whichever is lower, will be available for a period of five years.
Note 01: 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.
Note 02: The interest calculated on the actual interest, subject to a maximum of 12% interest, whichever is less, shall be payable under the said scheme at the rate fixed by the State Government on the price of the animal or on the interest paid by the bank on the animal, whichever is less.
Eligibility
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Required Documents
- ✦Government-approved photo ID i.e. Aadhaar Card, Voter ID Card
- ✦Basis (evidence) for land (if applicable)
- ✦Disability Certificate from Competent Authority (only for disabled) (if applicable)
- ✦Ration Card (if applicable)
- ✦Bank account details
- ✦Beneficiary's Undertaking/Consent Form
- ✦Loan account passbook or bank disbursement certificate
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- State Government
- Deadline
- 15 Jun 2023