Are you interested in starting a dairy farm and need financial support? NABARD Dairy Farming Loan Scheme 2024 can help you get started! This loan is designed to provide financial assistance to rural unemployed youth, farmers, and small business owners who want to boost milk production. In this blog, we’ll break down the process of applying for the loan, the documents you need, and the subsidies available.
The NABARD Dairy Loan was introduced to help rural areas create employment through dairy farming. The scheme is supported by the Department of Animal Husbandry and Fisheries, and its main goal is to increase the number of dairy farms in India. Over 3 crore farmers have already benefited from this loan.
Benefits of NABARD Dairy Farming Loan Scheme
Here’s a simplified and easy-to-read tabular format for the NABARD Dairy Farming Loan details:
| Loan Features | Details |
|---|---|
| Maximum Loan Amount | Up to ₹13.20 lakh for purchasing milk-processing machines and dairy equipment |
| Subsidy for General Category | 25% of the loan amount (up to ₹3.30 lakh) |
| Subsidy for SC/ST Categories | 33.33% of the loan amount (up to ₹4.40 lakh) |
| Purpose of Loan | To buy milk-processing machines and other dairy equipment |
| Loan Support from Government | Financial assistance for rural youth, farmers, and small business owners |
This table highlights the key points, making it easier to understand the loan and subsidy details at a glance!
Documents Required for NABARD Dairy Loan
Filled application form
Identity proof
Residence proof
Income certificate
Business-related documents
Bank account passbook
Mobile number
How to apply
Visit the Official Website: First, go to the official website of NABARD.
Find the Loan Scheme: On the homepage, look for the NABARD Dairy Loan option and click on it.
Fill the Application Form: Once a new page opens, fill out the form with your details.
Upload Necessary Documents: Attach all required documents.
Submit Your Application: Review your application and submit it.
Receive Confirmation: Once submitted, your application will be processed, and you will receive confirmation.
Before applying, plan what kind of dairy farm you want to start. You can also visit the nearest bank to get more details about the loan process and how to apply for the subsidy.
By following these steps, you can easily apply for the NABARD Dairy Loan and take advantage of the government’s support to grow your dairy business.
The NABARD Dairy Loan Scheme 2024 offers a fantastic opportunity for those looking to start or expand their dairy farming business. With the right planning and documents in place, you can apply online and take a step toward building a successful dairy farm.
