Scheme For Subsidy On Interest For Establishment Of 1 To 20 Milch Animal Farm
in Gujarat
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Scheme For Subsidy On Interest For Establishment Of 1 To 20 Milch Animal Farm in Gujarat
Scheme For Subsidy On Interest For Establishment Of 1 To 20 Milch Animal Farm is a government scheme available to eligible residents of Gujarat.
Apply for Scheme For Subsidy On Interest For Establishment Of 1 To 20 Milch Animal Farm in Gujarat
Scheme Overview
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.
Eligibility Criteria
The applicant should be a permanent resident of Gujarat State.
Only one member of the family should be the beneficiary of the scheme.
The benefit of this scheme will be available to all the farmers of Gujarat State.
The applicant will be eligible for assistance only if he has obtained a loan for setting up the unit in the current financial year 2023-24 through a nationalized bank or a financial institution approved by the Reserve Bank of India.
**Note 01:** The land should be owned by a member of the family or a beneficiary of the scheme.
**Note 02:** The grant made under this Act may not be used for any other purpose and shall be paid annually.
**Note 03:** The scheme shall provide for the establishment of a unit of livestock (cows and buffaloes) by obtaining a certificate from the Animal Husbandry Authority.
Benefits
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.
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.
Required Documents
| # | Document |
|---|---|
| 1 | Government-approved photo ID i.e. Aadhaar Card, Voter ID Card |
| 2 | Basis (evidence) for land (if applicable) |
| 3 | Disability Certificate from Competent Authority (only for disabled) (if applicable) |
| 4 | Ration Card (if applicable) |
| 5 | Bank account details |
| 6 | Beneficiary's Undertaking/Consent Form |
| 7 | Loan account passbook or bank disbursement certificate |
Common questions in Gujarat
Who can apply for Scheme For Subsidy On Interest For Establishment Of 1 To 20 Milch Animal Farm in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Scheme For Subsidy On Interest For Establishment Of 1 To 20 Milch Animal Farm. Refer to the eligibility section above for the complete checklist.
What documents are required for Scheme For Subsidy On Interest For Establishment Of 1 To 20 Milch Animal Farm in Gujarat?
Applicants in Gujarat typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The objective of the scheme is to provide assistance to the farmers/cattle breeders of Gujarat State for purchasing 1 to 20 animals as per their need and capacity to maintain.