This scheme from the National Livestock Mission supports new pig breeding farms with a capital subsidy of Read More... up to ₹30 lakh for entrepreneurs and organizations. Read less
Details
Are you looking to start or expand a pig breeding business? The Indian government, through the National Livestock Mission (NLM), has a special initiative called 'Promotion of Piggery Entrepreneurship' to help you. This scheme, managed by the Department of Animal Husbandry and Dairying, offers significant financial support to boost the piggery sector.
The 'Promotion of Piggery Entrepreneurship' scheme is part of the National Livestock Mission. Its main goal is to encourage individuals and groups to set up breeder farms for pigs. It provides a one-time capital subsidy to help cover the costs of establishing these farms, aiming to improve the quality of pigs in India and potentially reduce reliance on imported pork.
This scheme is designed for a variety of applicants, including individual entrepreneurs, Self Help Groups (SHGs), Farmers Producer Organizations (FPOs), Farmers Cooperatives (FCOs), Joint Liability Groups (JLGs), and Section 8 companies. The core requirement is a strong interest in setting up a dedicated pig breeder farm.
By supporting the establishment of breeder farms, the scheme aims to achieve several key objectives. It helps create new business opportunities and investments in the piggery sector. It also focuses on improving the productivity of the pig population through better breeds. Furthermore, the scheme intends to reduce India's dependence on imported pork and pork products, and encourage the export of these items. It also promotes the adoption of scientific methods for rearing, nutrition, and disease prevention in pig farming.
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Official Application Link/Address:
Applications are generally submitted through the State Implementing Agencies. For specific details, please contact your respective State Animal Husbandry Department.
What is the National Livestock Mission's Piggery Entrepreneurship scheme all about?
This scheme, under the National Livestock Mission, provides a significant one-time capital subsidy of up to ₹30 lakh to help entrepreneurs and organizations set up or expand pig breeder farms. It aims to boost pig farming in India and improve productivity.
How much financial help can I expect under this scheme?
You can receive a subsidy covering 50% of your total project cost, but it's capped at a maximum of ₹30 lakh. The remaining project cost needs to be arranged by you through a bank loan, financial institution, or self-funding.
Will the subsidy money be sent directly to me?
No, the subsidy amount is not paid directly to you. It's disbursed in two equal instalments through SIDBI to the bank or financial institution that provides your loan. The first part comes after the bank releases your loan, and the second after your project is completed and verified.
What are the minimum requirements for setting up a pig breeding farm under this scheme?
You need to establish a breeder farm that includes at least 100 sows and 25 boars. It's important that these animals are sourced from reputable government farms, universities, or local farmers known for having high-quality genetic stock.
What if my project doesn't get completed as planned?
If the project isn't completed according to the scheme's guidelines, you won't receive the second instalment of the subsidy. For those self-financing, a bank guarantee might be called upon.
Can I get the subsidy if I don't take a bank loan?
Yes, you can apply for the subsidy if you are self-financing your project. However, you must get your project appraised by a bank, and you'll need to provide a bank guarantee for the portion of the project cost that exceeds the subsidy amount.
How long will the government monitor my project after I receive the subsidy?
The State Implementing Agency will keep track of your project's progress and implementation for a period of two years to ensure everything is running smoothly.
When can I expect to receive the first part of the subsidy?
The first instalment of the subsidy is released only after your loan has been sanctioned and disbursed by the bank, and the State Implementing Agency has confirmed this with them.
Are there any special rules for applicants who are self-financing their projects?
Yes, if you're self-financing, you must first spend at least 25% of the project cost on building the infrastructure. This expenditure needs to be verified by the State Implementing Agency before they release the first subsidy instalment. You also need to provide a bank guarantee that's valid for three years.
Who should I contact if I have more questions or need help with my application?
For any queries or assistance regarding the application process, you should contact the State Implementing Agency, which is usually your State Animal Husbandry Department, under the Ministry of Fisheries, Animal Husbandry, and Dairying.
What kind of infrastructure and equipment does the scheme cover?
The subsidy can be used for setting up housing for the pigs, purchasing breeding animals, covering transportation and insurance costs for these animals, and buying essential equipment or machinery needed for the farm. Detailed guidelines usually specify the eligible items.