The Government of India has launched a Centrally Sponsored Scheme – Integrated Development of Small Ruminants (Sheep/Goats) and Rabbits – to promote commercial farming of sheep, goat and rabbit.
This scheme will provide venture capital assistance through an interest free loan with a focus on 114 districts for small ruminants and 12 districts for rabbits in 24 states. It is valid during the remaining period of XI Five Year Plan.
A) PROJECT COSTS & CAPITAL SUBSIDY (BACK ENDED)
Component
Total Financial Outlay (Rs. Lakh)
Capital Subsidy for General Category
Capital Subsidy for SC/ST Category, Hilly & NER incl. Sikkim
1
Rearing of Sheep and Goats (40F + 2M.)
1.00
25% of the outlay subject to a max. of Rs.25000/-
33.33% of the outlay subject to a max. of Rs.333000/-
2
Sheep and Goat breeding units (500F + 25M.)
25.00
25% of the outlay subject to a max. of Rs.6.25 Lakh
33.33% of the outlay subject to a max. of Rs.8.33 Lakh
3
Rabbit rearing units
2.25
25% of the outlay subject to a max. of Rs.56000/-
33.33% of the outlay subject to a max. of Rs.75000/-
B) REPAYMENT PERIOD
Repayment period of bank loan will depend up on the cash flow and will be up to maximum of 9 years including grace period of 2 years.
C) RATE OF INTEREST
Rate of interest on term loan shall be as per Reserve Bank of India (RBI) guidelines and declared policy of the financing bank.
D) SECURITY
The security for availing the loan will be as per guidelines issued by RBI from time to time.
E) REFINANCE ASSISTANCE FROM NABARD
NABARD would provide refinance assistance to commercial banks, rural regional banks, state cooperative banks and state cooperative agriculture and rural development banks, and other such eligible institutions. Quantum and rate of interest on refinance will be as decided by NABARD on periodic basis.
FOR DETAILS, CONTACT YOUR NEAREST NABARD OFFICE.