Dear friends,
This is balaji from Dindigul, tamilnadu, i completed mba and i have exp in diary business but i dont have money to starting up the diary farm chould you any body give me advise how to get da loan form bank or ngo or any other finances link... i am ready to work heard and smart my emil id -
if any body know the way how i need to go for that pls contact me or mail me..
Dear Balastg,
Financial Assistance available from Banks / NABARD and overview
NABARD is an apex institution for all matters relating to policy, planning and operation in the field of agricultural credit. It serves as an apex financing institutions providing investment and production credit. It promotes development through formulation and appraisal of projects through a well organized Technical services department at the Head office and technical cells at each of the Regional offices.
Loan from banks with refinance facility from NABARD is available for starting dairy farming. For obtaining bank loan, the farmers should apply to the nearest branch of a commercial or co-operative Bank in their area in the prescribed application form which is available in the branches of financing banks. The technical officer attached to or the
Manager of the bank can help / give guidance to the farmers in preparing the project report to obtain bank loan.
The items of finance would include capital asset items such as purchase of milch animals, construction of sheds, purchase of equipments etc. The feeding cost during the initial period of one / two months is capitalised and given as term loan. Facilities such as cost of land development, fencing, digging of well, commissioning of diesel engine / pump set, electricity connections, essential servants’ quarters, godown, transport vehicle, milk processing facilities etc, can be considered for loan. Cost of land is not considered for loan.
Recently, NABARD has launched a scheme “Dairy Entrepreneur Development Scheme” which can help the farmers for setting up dairy farms, rearing of heifers / calves, establishing modern milking machines, vermicompost units, milk processing plants, dairy product transportation, cold storage, private veterinary clinic set up and opening a dairy marketing outlet. NABARD will give 25% back ended subsidy subject to limited capital investment. The loan application will be submitted to commercial banks, after project appraisal the bank will sanction and release first instalment of loan. Further the bank will submit this proposal to NABARD for subsidy. NABARD will release the subsidy to the bank subject to availability of funds. The subsidy amount will be adjusted against the loan amount.
Regards,
Parameshwar Hegde