Poultry Venture Capital Fund (Subsidy) Scheme – Operational Guidelines V

This article is part of a series I am writing on a Poultry Venture Capital (Subsidy) scheme. In this series I will provide operation guidelines including basic introduction, objectives, eligibility, project cost and subsidy, funding pattern, sanctions, time limit etc.

 

Refinance Assistance from NABARD

NABARD would provide refinance assistance to commercial banks, RRBs, SCBs SCARDBs and other such eligible institutions. Quantum and rate of interest on refinance will be as decided by NABARD from time to time. 
 

Adjustment of subsidy

  • The capital subsidy will be back ended with minimum lock-in period of 3 years.
  • The capital subsidy should be refunded one year after the account becoming NPA and remaining NPA as on date.
  • The capital subsidy will be adjusted against the last few installments of the bank loan.
  • The capital subsidy admissible under the scheme will be kept in the “Subsidy Reserve Fund Account (Borrower-wise) in the books of the financing bank. No interest will be paid on this amount by the bank. In view of this, for the purposes of charging interest on the loan component, the subsidy amount should be excluded. The balance lying to the credit of the “
    Subsidy Reserve Fund Account” will not form part of Demand and Time Liabilities for calculation of CRR and SLR.


Monitoring

  • Joint Monitoring Committee (JMC) consisting of representatives of NABARD, concerned banks and State Secretaries-in-charge of Animal Husbandry and Dairying under chairmanship of Joint Secretary (P&F) , Department of Animal Husbandry, Dairying & Fisheries (DAHD&F), and Government of India (GoI) will review implementation of the scheme at regular intervals.
  • At the State level, the scheme shall be monitored by State level Committee (SLC), constituted for monitoring central sector animal husbandry schemes being implemented by NABARD.
  • The participating banks should conduct periodic inspections of the units and give a feedback to the SLC on a consolidated basis.
  • The units set up under the scheme will be field monitored on a sample basis by NABARD and major observations will be put up to JMC for discussion.

 

Modifications

The discretion to modify the unit cost is vested with an Empowered Committee under the Chairmanship of Secretary, DAHD&F, and GoI.

 

Other Conditions

  • The participating banks will adhere to the norms of appraising the projects regarding technical feasibility and commercial/financial viability.
  • All possible care will be taken to avoid duplication of projects under the scheme with similar projects implemented by Directorate of Agricultural Marketing, Ministry of Agriculture and Ministry of Food Processing in the same areas.
  • The participating banks should ensure insurance of the assets created under the project, wherever required.
  • A signboard displaying “Assisted by Department of Animal Husbandry Dairying and Fisheries, Ministry of Agriculture, Government of India through NABARD” will be exhibited at the unit.
  • Pre and post completion inspection of the project shall be undertaken by the participating bank to verify physical, financial and operational progress as and when required.
  • DAHD&F reserves the right to modify, add and delete any terms / conditions without assigning any reason.
  • DAHD&F’s interpretation of various terms will be final.
  • DAHD&F reserve the right to recall any amount given under the scheme without assigning any reason thereof.
  • Pre and post inspection would be undertaken by DAHD&F/NABARD to find out the physical and financial progress as and when required.
  • Other operational instructions issued by DAHD&F / NABARD from time to time will be strictly followed

>> Parts [1][2][3][4] < [5] <<

Comments (24)

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DrsmLondhe's avatar

DrsmLondhe · 706 weeks ago

Navinyapurna Upkram Ahe.
1 reply · active 706 weeks ago
Dear Dr. Londhe,
Thank very much for appreciation of my efforts.
bye
Neel
99422355411
jaipal singh's avatar

jaipal singh · 705 weeks ago

Dear Mr. Neel,
Though i didn't gone thru all the above article. i have aprox 3 acre of land in uttranchal and i want to start pig farm . i have no previous experience of it . need your help to know about the minimum requirement for initial setup of farm of about 2 male and 20 female herd also can pork meat be exported if yes what are the procedures for it . Is there any website for information about breeding, vaccination, finance etc.

sorry for asking so many questions
3 replies · active 705 weeks ago
Dear Mr. Vergo,
It is better to log in my blog spot & then go thru Piggery Scheme & then decide future course of action
ok
bye
Pl. CONTACT: 09422355411
jaipal singh's avatar

jaipal singh · 705 weeks ago

Dear Mr. Neel,
it's very kind of you to reply , yes gone i have thru all the article of piggery scheme and others on farming also , from last few days i am searching these topics on net and still didn't got many answers, it's good to know the scheme but fine prints didn't have practical solutions as far as govt. schemes are concern those people work in their own way and that is the only way, is there any simple example of how things work and how can i get your optimum help
Dear Mr. Virgo,
PL. CONTACT FR FURHER DETAILS : 09422355411 NEEL
can we get loan and capital while we start this business in haryana .first of all can we start this business in haryana
1 reply · active 704 weeks ago
Dear Mr. RINKU,
This facility is available anywhere in INDIA.
Pl. Contact for further details :09422355411 NEEL
thanks for that but we have few more doubts
where is emu marketing done in haryana specifying like in jhajjar or where else
where is the main market area in haryana for meat, oil, skin, egg and etc
can u tell about the process of loan while this business
and wat about the subsidy during the buisness
1 reply · active 704 weeks ago
Pl. CONTACT FOR FURTHE DETAILS : 09422355411 NEEL
hello sir, iwant to sheep$goats loan pls infermation about this sceam
M M KHAN
PH 9829661775,9460878694
Rajeev Nair's avatar

Rajeev Nair · 693 weeks ago

Dear Mr Neel,

Excellent write ups exhibits your indepth knowledge of each and every field. Our Educated agricultrurist should make use of these valuable comments from eminent writer Mr. Neel. Many of them have many plans but kept at the back burner due to financial problems or afraid of Risk involved. Your write ups and Blogs are very useful to make our farmers and potential farmers to make them confident to take bold steps. Best example is my team, once we got your apt advises we have formed our Diary. We will look forward for your great advises and guidence as and when required.
Thanks
Rajeev Nair
1 reply · active 693 weeks ago
Dear Mr. Nair,
Thanks for your appreciation of my work.
Thanks
Neel
sandesh sinare's avatar

sandesh sinare · 676 weeks ago

thanks neel for providing this all imformation
DEAR MR. NEEL LET ME KNOW ANY 100% SUBSIDY SCHEME FOR GOAT FARMING OR ANY GOAT SCHEME IF ANY
THANKS
09350383466
1 reply · active 674 weeks ago
dear Sir,
we are in service industry,we provide loan through various banks, there is a client whose requirement is 10cr for poultry farming, please guide us with subsidy & all benefits for the barrower
hi iam looking for emu breeding farm of 50pairs project report with business plan
 Er Ashok Sonawane's avatar

Er Ashok Sonawane · 600 weeks ago

Enter text right here!I WOULD LIKE TO START POULTRY LAYER FOR 8000 BIRDS 18 KM NEAR NASIK (MAHARASHTRA) PLEASE SUGGEST PROGECT REPORT
Nice post. Thanks for providing fruitful information.
umesh bharti's avatar

umesh bharti · 532 weeks ago

i am intrested to to start kakaknath poultry farm at chalisgoan to maharashtra give me guidelines forloan .
umbgpr56@gmail.com
1 reply · active 532 weeks ago
PL. Visit any branch of any Nationalised bank near by you & discuss your project with Br. Mgr   or Agril. Finance Officer of the bank.
ok
bye
CONTACT FOR DPR:  
09422355411  NEEL
Vilas Pagar's avatar

Vilas Pagar · 468 weeks ago

Dear Mr. Neel sir,
Plz Give me details for poultry subsidy 2016-17. My mobile No. is 9850791919
1 reply · active 467 weeks ago
PL. see ' National Livestock mission' on net.
ok
bye
If you want project report, pl. contact: 09422355411  NEEL 

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