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Venture Capital Fund Scheme of NABARD for Poultry and Dairy Sectors

NABARD has announced a Scheme called Venture Capital Fund for Poultry and Dairy Sector) come up with a refinance scheme for poultry and dairy sectors.. (The Scheme seeks development of poultry and dairy sectors through individuals and groups and would be financed through cooperative/ commercial and the Rural Banks. The attractive features of the Scheme are:

  1. 50% of the Loan would be interest-free
  2. On the remaining 40%, the interest subsidy to the extent of 50% would be given in the year that succeeds the year to which it pertains and is paid by the borrower.
  3. The borrower,s own contribution shall be only 10%.
  4. The loan shall attract the normal rate prevailing and all other conditions would be the same as are approved by the RBI.
  5. The loan would be repayable over a period of 9 years, which include a moratorium of 2 years.
  6. The loan proposal would be approved by a State Level Review Committee to be constituted by the Regional Office of NABARD and upon sanction the disbursement would be made within a period of 8 days.

The NABARD funds are available for the dairy/poultry sectors in 2:1 ratio and the following schemes are covered which could be taken up individually or in combination, depending upon the requirements of the borrower:

Dairy Sector: (Rs in lac)

  1. Small Dairy Units with 10 animals 3.00
  2. Milk machine/milkosters/ Bulk cooling units upto 2000 ltrs 15.00
  3. Dairy processing Equipment 10.00
  4. Dairy Product Transportation and Cold Chain 20.00
  5. Cold Storage Facilities for milk and products 25.00
  6. Private Veterinary Clinics
    a. Mobile 2.00
    b. Stationery 1.50

Poultry Sector

  1. Poultry Breeding Farm with Low Input Technology 30.00
  2. Feed Godown/ Milking Unit/ Feed Analytical Unit 16.00
  3. Marketing of Poultry Products (Specialised Trans-
    portation Vehicles. 25.00
  4. Egg Grading, Packing and Storage for exports 80.00
  5. Retail Poultry Dressing Units up to 300 birds/day 5.00
  6. Egg/broiler Carts for sale of Poultry birds 0.10
  7. Central Grower Unit 12,500 bird/ 4 hatches 20.00

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Venture Capital Fund Scheme of NABARD

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