Objectives of the scheme
- Generate self-employment and provide infrastructure for dairy sector
- Setting up modern dairy farms for production of clean milk
- Encourage heifer calf rearing for conservation and development of good breeding stock
- Bring structural changes in unorganized sector so that initial processing of milk can be taken up at village level.
- Upgradation of traditional technology to handle milk on commercial scale
- Provide value addition to milk through processing and production of milk products.
Pattern of assistance
- Entrepreneur contribution (Margin) for loans beyond 1 lakh -10% of the outlay (Minimum)
- Back ended capital subsidy –25% of the project cost for General category and 33.33% for SC/ST farmers
- Effective Bank Loan – Balance portion.
Implementing Agencies
- National Bank for Agriculture & Rural Development (NABARD) will be the Nodal Agency for implementation of the scheme.
- Commercial Banks, Co-operative Banks and Regional Rural and urban Banks, State Cooperative Agriculture and Rural Development bank and such other institutions which are eligible for refinance from NABARD will implement the scheme.
- The scheme is open to organized as well as unorganized sector.
Beneficiaries
- Farmers, individual entrepreneurs and groups of unorganized and organized sector. Group of organized sector, includes self-help groups, dairy cooperative societies, Milk unions, milk federation, Panchayati Raj institutions, etc.
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