This scheme from Uttarakhand helps people start or grow livestock businesses by covering 90% of their bank Read More... loan interest, making it easier to set up units like dairy farms, poultry, or buy mules. Read less
Details
Looking to start or expand your own business in the livestock sector in Uttarakhand? The state government has a special scheme to help you out.
The "Livestock Mission Scheme – Interest Payment on Loan" is an initiative by the Department of Animal Husbandry, Uttarakhand. Its main goal is to create jobs right in your local area by supporting livestock-based businesses. It makes it financially easier for you to take a bank loan for these ventures, as the state government pays a big chunk of the interest.
This scheme is designed for residents of Uttarakhand who are keen on getting into livestock farming. If you're looking to set up a dairy farm, a poultry unit, raise sheep or goats, start a piggery, or even get a load carrier mule for your business, and you're eligible to take a bank loan for it, then you can benefit from this support.
By significantly reducing the interest burden on bank loans, this scheme encourages more people to invest in and develop livestock-based enterprises. This not only helps individuals achieve self-employment but also contributes to the local economy and the overall growth of the animal husbandry sector in Uttarakhand.
Objective
Benefits
This policy has been formulated with the objective of simplifying the sale of medicinal and aromatic products produced through cultivation. Farmers can sell the medicinal and aromatic products grown on their own agricultural land to markets operated by the Forest Department or to any other buyer. This arrangement has simplified the marketing process of medicinal and aromatic plant products produced through cultivation.
Sources and references
What kinds of livestock businesses can get loan interest support?
This scheme supports several types of livestock businesses. These include dairy units (for cows and buffaloes), load carrier units (mules), sheep and goat farming, pig farming, and poultry farms (both broiler and layer types).
I'm interested in starting a small dairy farm. Can I apply?
Yes, if you are a resident of Uttarakhand and eligible for a bank loan, you can apply. The scheme specifically covers dairy units like 5-cow units or 10-cow units.
How much of the loan interest will the government pay for me?
The State Government will cover 90% of the interest on the bank loan you take to set up an approved livestock unit. This significantly reduces your financial burden.
Who handles the applications for this scheme?
Your application will be processed by the District Level Implementation Unit (DLIA). They are responsible for reviewing applications, verifying documents, and coordinating with banks and the treasury for the interest subsidy payments.
What happens after I submit my application to the DLIA?
After you submit your application and the required documents, the DLIA will carefully check everything. They will then prepare a list of eligible beneficiaries and give the final approval after confirming your documents and bank loan approval.
How do I get the interest subsidy after my loan is approved?
The bank will provide the DLIA with updates on the interest you've paid quarterly. The DLIA will then create a bill and send it to the treasury to pay the subsidy amount directly to your bank.
What if I'm not a resident of Uttarakhand? Can I apply?
No, you must be a permanent resident of Uttarakhand to be eligible for this scheme. You also need to be an interested livestock farmer and eligible to take a bank loan.