NABARD scheme has been organized by the Central Government to provide Employment Opportunities to the villagers of the country. Under this scheme, the government will provide loans at low interest rates to the people of the country’s villages for arranging dairy farming. Under this scheme, loan will be provided by the bank and the animal husbandry department will set up a modern dairy. Complete information related to NABARD Dairy Farming is given in this post.

NABARD Scheme

Finance Minister Nirmala Sitharaman has made a new announcement to provide relief to the farmers of the country affected by the impact of Corona virus. He has decided to provide additional refinance assistance of Rs 30,000 crore to the farmers of the country under the NABARD scheme. This money will be provided through Cooperative Bank to the hardworking farmers benefiting from this scheme. About 3 crore farmers will benefit from this assistance.

Dairy Farming Scheme

Steps will be taken under Dairy Farming Scheme 2024 to provide self-employment opportunities to unemployed people in rural areas. With this, people will be able to start their business easily and employment opportunities will increase in the country.

This scheme will encourage establishment of dairy farms to boost milk production in the country. From milk production to care of cows and buffaloes, protection of cows and manufacturing of ghee, all the work will be done with the help of machines. Those who want to avail the benefits of this NABARD scheme, they have to apply under this scheme.

Objective of NABARD Scheme

The main objective of starting NABARD scheme by the Central Government is to organize the dairy industries. So that self-employment is generated and more and more facilities are available in the diary sector. Because many people living in rural areas in our country still earn their livelihood from dairy farming. The main objective of this scheme is to provide interest free loans so that milk production can be promoted and the unemployment rate in the country can be reduced.

Bank Subsidy under NABARD Dairy Scheme

Subsidy is also provided under the Dairy Entrepreneurship Development Scheme to start a milk product manufacturing unit.
According to NABARD Dairy Scheme 2024, you can purchase necessary equipment for processing milk products.
If you buy such a machine and it costs Rs 13.20 lakh, you can get a subsidy of 25% (Rs 3.30 lakh).
If you belong to Scheduled Caste and Scheduled Tribe category, then you can also get a subsidy of Rs 4.40 lakh for this.
DDM of NABARD informed that the loan amount under this scheme will be sanctioned by the bank, 25% of which will be paid by the beneficiary.
If you want to start a dairy business with five cows, you will have to provide proof of their cost.
The government will provide 50% subsidy for this, the rest will have to be paid to the farmers through the bank, which will be in different installments of 50%.