Big News For Farmers, Govt Started This Special Scheme, Will Get Amazing Benefits, Know Details
Livestock Sector: In order to make the farmers of the country financially capable, many schemes are being run continuously by the government. In which the most ambitious scheme of the government is PM Kisan Yojana. Apart from this, the government is also helping farmers financially through PM Kisan Fasal Yojana, Kisan Credit Card Scheme, PM Mandhan Yojana. Now it has been said on behalf of Dairy Department and Animal Husbandry. That the loan guarantee scheme is going to be implemented to facilitate the flow of funds for the MSMEs engaged in the livestock sector.
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Loan will be available without guarantee
Explain that the department under the Ministry of Animal Husbandry, Fisheries and Dairying is implementing the Credit Guarantee Scheme under the Animal Husbandry Infrastructure Development Fund (AHIDF). The objective of the scheme is to strengthen the loan delivery system and facilitate smooth flow of credit without any guarantee to the micro, small and medium enterprises engaged in the livestock sector.
An official statement said that the department has set up a Loan Guarantee Fund Trust of Rs 750 crore to administer the scheme. These eligible loan institutions will get credit guarantee coverage up to 25 percent of the credit service provided to MSMEs.
The Credit Guarantee Scheme facilitates access to finance for the unserved and underserved livestock sector. Due to which financial help is available by taking loans mainly to the first generation entrepreneurs and sections of the society. The main features of the AHIDF scheme are 3% interest subvention and loan up to 90% of the total project cost from any bank, NCDC.