Shimla: The Venture Capital Fund Scheme of the Department of Animal Husbandry, Dairying and Fisheries, Government of India, being implemented in the state by NABARD in collaboration with the state government, has been revised with effect from September 1, 2010.
According to CGM, NABARD, Himachal region, the mode of implementation of Venture Capital Fund for dairy has been revised. The Venture Capital Fund under which interest-free loan (IFL) up to 50 per cent of project cost was provided has been changed to capital subsidy for dairy development.
The name of the Venture Capital Fund for dairy has been changed to “Dairy Entrepreneurship Development Schemes (DEDS)” and some new components have been included in the scheme. Under the new scheme, the beneficiary will be provided 25 per cent of the project cost (33.33 percent for SC/ST farmers) as back-ended capital subsidy. The entrepreneur’s contribution will be 10 per cent of the outlay (minimum). The balance portion will be bank loan.
Components that can be financed under the new schemes are establishment of small dairy units up to 10 animals, rearing of heifer calves, vermicompost (with milch animal units), purchase of milking machines or milk testers or bulk milk cooling units (up to 2000 lit capacity), Purchase of dairy processing equipment for manufacture of indigenous milk products, establishment of dairy product, transportation facilities and cold chain, cold Storage facilities for milk and milk products, establishment of private veterinary clinics and dairy marketing outlet and dairy parlour.