Home / Industry / Dairy / Government introduces Dairy Entrepreneurship Development Scheme (DEDS) to create self-employment opportunities in the dairy sector

Government introduces Dairy Entrepreneurship Development Scheme (DEDS) to create self-employment opportunities in the dairy sector

The Department of Animal Husbandry, Dairying, and Fisheries is implementing the Dairy Entrepreneurship Development Scheme (DEDS) to create self-employment opportunities in the dairy sector by providing back-end capital subsidies for bankable projects in areas such as milk production, procurement, preservation, transportation, processing, and marketing. The National Bank for Agriculture and Rural Development is in charge of implementing the scheme (NABARD).

The Scheme’s Objective

  • To encourage the establishment of modern dairy farms for the production of clean milk.
  • Encourage the upbringing of heifer calves in order to preserve healthy breeding stock.
  • To effect structural reforms in the unorganised sector so that initial milk processing can be done at the village level.
  • To improve the quality and traditional technology for commercial milk handling.
  • To create self-employment and infrastructure, mostly in the unorganised sector.

Beneficiaries Eligible

  • Farmers, self-employed people, NGOs, corporations, groups of organised and unorganised sectors, and so forth. Self-help groups (SHGs), dairy cooperative societies, milk unions, milk federations, and other organised sector organisations exist.
  • An individual will be eligible for help for all of the scheme’s components, but only once for each.
  • The scheme can help more than one member of a family if they build up separate units with distinct infrastructure in various areas.
  • A minimum of 500 metres should separate the boundaries of two such farms.
  • Priority will be given to cluster-based projects including dairy farmers and women in SHGs, cooperatives, and producer firms.
  • SC/ST/women/landless/small and marginal/BPL farmers, as well as farmers in drought-prone areas, would be given priority.

Financial Institutions Eligible for Scheme Refinancing

  • Banks of commerce
  • Rural and urban regional banks
  • Cooperative State Banks
  • State Agricultural and Rural Development Cooperative Banks
  • Other institutions that are eligible for NABARD refinancing

Assistance pattern

  • For loans beyond 1.6 lakh, the entrepreneur contribution (margin) is -10% of the outlay (Minimum)
  • Back-end capital subsidy — 25% of project cost for general category farmers and 33.33 percent for SC/ST farmers.
  • Balance component of an effective bank loan

Implementing Organizations

  • The National Bank for Agriculture and Rural Development (NABARD) will serve as the scheme’s Nodal Agency.
  • The plan will be implemented by commercial banks, cooperative banks, regional rural and urban banks, state cooperative agriculture and rural development banks, and other institutions that are qualified for NABARD refinancing.
  • The initiative is open to both organised and unorganised businesses.

How to apply

Clink on the link given to fill out the forms,

https://www.nabard.org/auth/writereaddata/File/Annexure_1.pdf

Also read: http://Venture Capital Assistance: A financial aid for agriprenures

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