Description given on Youtube:
In India one of the biggest commercial business in rural area is Dairy Farming.
Dairy Farm Requires More Initial Investment.
So People always look for Government Subsidy, Loan, and Financial Assistance from NABARD.
NABARD : NAtional Bank for Agricultural & Rural Development. Set up by RBI.
NABARD help people whose main income Source is Agriculture.
NABARD also help by providing Subsidy loan scheme to rural people.
Objective of NABARD Scheme
To promote setting up modern dairy farm for production of clean milk.
To Achieve best breeding by rearing good quality calf.
To support and create jobs in Dairy farm business.
To bring upgraded quality technology in milk handling
Process for Obtaining Dairy Farming subsidy from NABARD
Step 1: Decide which type of business activity you are going to establish that pertains to dairy farming. The activity to be undertaken or business model can be one of the mentioned types above.
Step 2: Register a company or any other suitable business or NGO entity.
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Step 3: Prepare a detailed project report or business plan for the dairy farm including a request for bank loan.
Step 4: Submit request for bank loan to any commercial bank or regional rural bank or state cooperative bank or state cooperative agriculture and rural development bank or other institutions, which are eligible for refinance from NABARD.
Step 5: Once the bank loan is sanctioned, the promoter would have to implement the project using his contribution and bank loan.
Step 6: On disbursement of first installment of the loan, the Bank would have to apply to NABARD for sanction and release of NABARD subsidy for dairy farming.
Step 7: NABARD would release the subsidy to the bank. The would hold the subsidy in an account classified as “Subsidy Reserve Fund Account” with no interest.
Step 8: On satisfactory servicing of the loan obligation by the promoter, the subsidy amount in the Subsidy Reserve Fund Account would be adjusted against the last few repayments of the bank loan.