SSIEEMAF

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.

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. Under the scheme, all the eligible farmers/cattle breeders of Gujarat State can purchase 1 to 20 animals as per their need and capacity to maintain. The eligible beneficiary can get an interest subsidy @ 12 % interest on a bank loan amount for 5 years if he/she 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.

It also provides good-quality organic manure for improving crop fertility & crop yields. Dung is also used as fuel for domestic purposes. The surplus fodder agricultural by-products are utilized by animals & converted into value-added products viz. Milk, Meat, etc.

• 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.

• 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.