DAIRY FARMING IS A VERY PROFITABLE BUSINESS TO START!

The department of Animal Husbandry, dairying and fisheries is implementing Dairy Entrepreneurship Development Scheme (DEDS) for generating self-employment opportunities.

DAIRY FARMING IS A VERY PROFITABLE BUSINESS TO START!

The Dairy Entrepreneurship Development Scheme (DEDS) is being implemented by the Department of Animal Husbandry, Dairying, and Fisheries in order to create self-employment opportunities in the dairy sector. It covers activities such as improving milk production, purchasing, preserving, transporting, processing, and marketing milk by offering back ended capital subsidy for bankable projects. The National Bank for Agriculture and Rural Development(NABARD) is running the programme.

Objective of the Scheme.

  • To encourage the establishment of modern dairy farms for the production of pure milk.
  • To promote heifer calf rearing in order to maintain healthy breeding stock.
  • To implement structural reforms in the unorganised sector so that the first stages of milk processing can be carried out in the individual villages.
  • To improve both the traditional and quality technologies in order to handle milk on a commercial scale.
  • To create self-employment and to primarily support the unorganised sector with infrastructure.

Eligible Beneficiaries.

Farmers, individual entrepreneurs, NGOs, businesses, associations of organised and unorganised sectors, etc. Self-help Groups (SHGs), dairy cooperative societies, milk unions, milk federations, etc. are examples of organisations in the organised sector.

An individual will only be permitted to access help once for each of the scheme's components.

The programme can help more than one family member as long as they establish independent housing units with independent infrastructure in various areas. Two of these farms' borders should be separated by at least 500 metres.

Financial Institutions Eligible for Re-finance Under the Scheme.

  • Commercial Banks.
  • Regional Rural and Urban Banks.
  • State Cooperative Banks.
  • State Cooperative Agricultural and Rural Development Banks.
  • Other Institutions, which are eligible for refinance for NABARD.

Linkage With Credit.

Assistance provided under the programme will only be credit-related and subject to the project's approval by approved financial institutions.

Pattern Assistance.

a)Back ended capital subsidies for general category farmers at 25% of the project cost and for SC/ST farmers at 33%. The component-by-component subsidy ceiling shall periodically be subject to indicative costs determined by NABARD.

b)For loans above Rs. 1 lakh*, the enterpreneur contribution (margin) is 10% of the project cost.