What you get
CAPITAL SUBSIDY STRUCTURE | - Maximum capital subsidy of Rs. 50 lakh offered, split into two equal instalments. | - Subsidy is specifically for capital expenditure, not operational costs. | - Instalments are released through SIDBI based on project milestones. | DISBURSEMENT PROCESS FOR BANK-FINANCED PROJECTS | - First instalment released after bank provides initial loan and SIA confirmation. | - Second instalment provided after project completion and SIA certification. | - SIDBI manages fund transfer through scheduled banks/financial institutions. | SELF-FINANCING PROJECT REQUIREMENTS | - Project requires bank appraisal where entrepreneur holds account. | - First 50% subsidy released after verified 25% infrastructure expenditure. | - Remaining subsidy provided post-project completion and SIA verification. | BANK GUARANTEE SPECIFICATIONS | - Three-year bank guarantee required for self-financing projects. | - Guarantee must cover project cost beyond subsidy amount. | - Original document held by State Implementing Agency with copies for online portal. | EXCLUSIONS FROM SUBSIDY | - Subsidy not applicable for working capital needs. | - Personal vehicles and land purchase not covered. | - Rental and lease costs ineligible for subsidy support.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the objective of this scheme?
The primary objective is to develop entrepreneurs in the small ruminant sector, create sustainable business models for sheep and goat farming, and promote the transition from an unorganized to an organized sector through entrepreneurship and investment.
Who are the eligible beneficiaries under this scheme?
Eligible beneficiaries include Individuals, Farmer Producer Organizations (FPOs), Farmer Cooperatives (FCOs), Self Help Groups (SHGs), Joint Liability Groups (JLGs), and Section 8 companies.
What is the financial assistance provided under this scheme?
The scheme provides up to 50% back-ended subsidy for the capital cost of the project, with a maximum subsidy of [?] 50 lakh per unit. Subsidy is provided in two equal instalments.
What are the essential documents required to apply for the scheme?
Essential documents include the application form, project proposal, identity proof, address proof, entity registration documents (if applicable), bank account details, loan sanction letter (if applicable), bank guarantee (for self-financing projects), declaration form, technical specifications, proof of expenditure, and land ownership/lease documents.
How is the subsidy disbursed?
Subsidy is disbursed in two instalments: | First Instalment: Released upfront to the scheduled bank or financial institution after confirmation of the first instalment of the loan by the State Implementing Agency. | Second Instalment: Released after completion of the project and its verification by the State Implementing Agency.
Can urban residents apply for this scheme?
While the scheme primarily focuses on rural development, urban residents may apply if their projects align with the rural development objectives of the scheme. It is advisable to consult with the State Implementing Agency for specific eligibility criteria.
What is the follow-up process after the project is completed?
The State Implementing Agency will follow up on the project for a period of two years after completion to monitor its operation and sustainability.
Are there any restrictions on the use of the subsidy?
Yes, the subsidy cannot be used for working capital, personal vehicles, purchase of land, or the cost of rent and lease of land.
What support is provided for technical aspects of sheep and goat farming?
The scheme includes spreading awareness about scientific rearing practices, nutrition, disease prevention, and promoting stall feeding models for sheep and goat rearing.
Who should I contact for more information about the scheme?
For more information, contact the State Implementing Agency or the Department of Animal Husbandry and Dairying (DAHD), Ministry of Fisheries, Animal Husbandry, and Dairying (MoFAHD), Government of India.