Dairy Farm Loan 2024: Get you Rs. Get loan up to 7 lakhs, apply online instantly: Friends, if you have cattle in your house and you are also a farmer, farmers will get loan up 6 to 10 lakh rupees. Dairy farming will get 90% subsidy with 3% subsidy. You can apply till 31st December.
The scheme will provide 90% subsidy and three percent interest The loan amount can be up to Rs 10 lakh and can be availed for a period of 5 years, however, the loan comes with a processing fee of up to 1.5 percent.
Dairy Farm Loan 2024
| Maximum loan | ₹10 lakh |
| Interest rate | as determined by the bank |
| subsidy | 25% subsidy for Scheduled Caste (SC) and Scheduled Tribe (ST) farmers |
| Payment period | 5 to 7 years (depending on the project) |
Friends, if you also want to take dairy farm loan, today we will tell you about dairy farm loan scheme in detail and we will tell it by Madhya Pradesh, there are different procedures for different states.
Documents Required to Get Dairy Farm Loan 2024
- Aadhaar Card
- PAN Card No
- Voter Identity Card
- Dudh Mandali/Dairy Co-operative Society
- Certificate of Active Membership
- Tripartite agreement letter (between concerned bank branch, milk committee and committee members)
- Passport size photograph
- Bank account passbook
This scheme Dairy Farming Loan 2024 has been launched by Madhya Pradesh Government, their application process has also started, we will continue to tell you about them further in this article that under this scheme, loans up to 10 lakh rupees are provided by the government.
In which you can get it by applying in SBI Bank, but the special thing about this is that no guarantee is required to take a loan up to 7 lakh rupees, for this you can take a loan up to 7 lakh rupees without guarantee.
Purpose of Dairy Farm Loan 2024
Friends, there is an important objective of the government for every scheme, out of which the main objective of this scheme is dairy farm loan to financially strengthen the poor farmers. With this, farmers can earn good income and do good work by paying more attention to animal husbandry.
Loan Eligibility under Dairy Farm Loan 2024
- Applicant’s age should be between 18 to 65 years.
- The applicant farmer should be a native of Madhya Pradesh.
- And should be related to animal husbandry profession.
- Such people will be given its benefit first.
- If the applicant has already taken a loan
- He will not get the benefit of this scheme.
How to apply?
- What will benefit the farmer from Dairy Farm Loan Scheme?
- Farmers of MP will benefit the most from this scheme.
- The types of benefits it will provide are explained below.
- Through this scheme, farmers will easily get a loan of 10 lakh rupees.
- A farmer is by no means a noble person to take a loan.
- In this scheme you will get the benefit of 90% subsidy from the government.
- Only farmers and herdsmen will get the benefit of this scheme.
- NABARD specialized banks like commercial banks, all regional rural banks,
- Co-operative Institutions, State Co-operative Agriculture State Co-operative Banks
- And loans are given to farmers from rural development banks.
- This loan on farmers is 10.85 percent. The maximum is up to 24 percent.
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FAQ-Frequently Asked Questions
1. How much subsidy is available in livestock loan?
- Ans. On this, the government will provide a subsidy of 1 lakh 81 thousand 500 rupees to the Scheduled Caste, Scheduled Tribe and Very Backward Class livestock farmers.
2. How much loan can be availed on total 5 buffaloes?
- Ans. For this, under this scheme of the state government, farmers, cattle rearers and unemployed youth can start a small dairy of 5 cows or buffaloes by taking a loan from the bank. Under this scheme, young farmers will be given a loan of 9 lakh rupees from the bank.
3. Which bank gives loans for animal husbandry?
- Ans. Through the Animal Husbandry Loan Scheme, the unemployed people of the state can borrow Rs. Can get loan up to 10 lakhs. With the help of which people will be able to start animal husbandry employment.