Dairy Farming Loan Scheme 2024: At present, many schemes are being run by the Government of India regarding animal husbandry and dairy business. Dairy Farming Loan Lake is the main scheme in this.
The Government of India has started the Dairy Farm Scheme to promote economic development in rural areas. Through the Dairy Farming Scheme, the Central Government provides loans without guarantee to promote the dairy farming business, i.e. there is no need to provide any kind of security or guarantee to take a dairy farming loan. Under this scheme run by the central government, you can start your own dairy farming business. For this, you can get a loan of up to Rs 40 lakh at a very low interest rate.
Objective of Dairy Farming Loan Scheme
The Government of India has launched the Dairy Farming Loan Scheme to promote economic development and self-reliance of the people living in rural areas. The aim of the Dairy Farming Loan Scheme is to promote economic development and business for the people living in rural areas.
Through the Dairy Farming Scheme, unemployed people of rural areas will be provided employment and the need to make them self-reliant. Its main objective is to promote milk production in the country and bring a new revolution in the agriculture sector. By giving business to the farmers of rural areas, their annual income will increase. Youth entrepreneurship will be promoted in the country.
Dairy Farming Scheme Interest Rate
Through the Dairy Farming Loan Scheme, the Central Government provides loans at very low interest rates to start your own animal husbandry farming business. Generally, the interest rate of the Dairy Farming Scheme is 7% to 10.9% per annum. The interest rate of this scheme depends on different banks and financial institutions.
Benefits of Dairy Farming Scheme
- Dairy Farming Scheme is run by the Government of India for the people living in rural areas.
- Dairy Farming Loan Scheme will provide economic development and business to the people living in rural areas.
- Through this scheme, loans will be provided to livestock farmers in rural areas at a very low interest rate.
- Through this scheme, loan without guarantee is given to start dairy farming business.
- Under this scheme, there will be development in agriculture and milk production in the country. And new employment opportunities will be created.
- People who are unable to start animal husbandry and dairy farming due to lack of money can take loan at minimum interest rate under this scheme.
Eligibility for Dairy Farming Scheme
- The applicant for Dairy Farming Scheme must be a citizen of rural area of India.
- The age of the applicant should be between 18 years to 60 years.
- The applicant must have at least 0.25 hectares of land for animal husbandry.
- The applicant should not be a defaulter of any bank or financial institution.
- The applicant must have complete KYC documents.
Documents required for Dairy Farming Scheme
- Aadhar card
- PAN card
- Voter ID
- Ration Card
- Bank statement
- Active mobile number
- email id
- passport size photo
Online Application Process for Dairy Farming Loan Scheme
- For Dairy Farm Loan Scheme, first of all you have to visit the official website of Dairy Farming Loan Scheme.
- After this, on the home page of the website, you have to select the option of Information Center.
- Now you will have the PDF format of the Dairy Farming Loan Scheme application form in front of you.
- In which you have to download it and take its printout.
- Now you have to enter all the information asked in the application form of Dairy Farming Loan Scheme correctly.
- After this you have to attach some necessary documents with the application form.
- Later, go to the nearest bank branch and submit the application form for Dairy Farming Loan Scheme.
- After this, your application form will be processed further by the bank and your loan will be approved within about 5 to 10 days.
