Subsidy up to Rs 30 lakh available for piggery entrepreneurs

The scheme aims to reduce India’s dependence on pork imports

Apart from promoting dairy and poultry, the Indian government’s National Livestock Mission (NLM) is also giving an impetus to piggery in the country. Under its Sub-Mission on Breed Development of Livestock and Poultry, the NLM is giving a subsidy up to 50% (limited to Rs 30 lakh) of the capital cost to entrepreneurs for taking up piggery.

The scheme was implemented across India in the 2021-22 financial year. The scheme is being implemented through the state implementing agency of the state animal husbandry department and Indian government’s department of animal husbandry and dairying (DAHD).

 

OBJECTIVES OF THE SCHEME

  • Promotion of entrepreneurship and investment in piggery.
  • Creation of forward and backward linkages in the sector.
  • Improvement of per animal productivity of the pig population of the country through genetic upgradation.
  • To substitute import dependency in pork and start export of pork and pork products.
  • Spreading awareness about scientific rearing practices, nutrition and disease prevention.

 

SALIENT FEATURES OF SCHEME

  • Creation of entrepreneurs through one-time capital subsidy to individuals/self-help groups (SHGs)/farmer producer organisations (FPOs)/farmer cooperative organisations (FCOs)/joint liability groups (JLGs) and Section 8 companies.
  • The entrepreneur is provided assistance from the establishment of a breeder farm with minimum 100 sow and 25 boars breeding animals from the central or state government/ veterinary university farms or local farmers with high genetic merit.
  • The central government provides 50% (up to Rs 30 lakh) capital subsidy towards the cost of the project. The funding is provided for the cost of housing, breeding animals along with transportation and insurance and equipment/machines.
  • The entrepreneurs/eligible entities have to arrange the remaining amount through bank loan or loan from the financial institution or self-financing.

 

PATTERN OF ASSISTANCE

  • A total of 50% capital subsidy (limited to Rs 30 lakh) in two instalments. The subsidy is provided in two equal instalments.
  • The first instalment is released upfront to the scheduled bank or financial institutions like the National Cooperative Development Corporation (NCDC) by the Small Industries Development Bank of India (SIDBI) to be credited to the entrepreneur/eligible entities’ account after the bank or financial institution releases first instalment of loan to the beneficiary and its confirmation by state implementing agency (SIA). Beneficiaries will be eligible for release of the second instalment by the SIDBI after completion of the project and certification by the SIA.
  • In case of the self-financing project, the project needs to be appraised by the bank where the entrepreneurs/eligible entity have an account. The first instalment of 50% subsidy is provided into the lending bank by the SIDBI where the beneficiary has an account.
  • The subsidy is released only when the beneficiary has made an expenditure of 25% cost for the project towards infrastructure and has been verified by the SIA. Remaining amount of 50% subsidy will be provided by the SIDBI after completion of the project and verification by the SIA.
  • The entrepreneurs/eligible entities, interested in taking benefit under the entrepreneurship project in self-financing mode, need to provide bank guarantee from the scheduled bank valid for three years for the remaining cost of the project beyond the subsidy. This bank guarantee is provided in the name of the Indian government’s department of animal husbandry and dairying (DAHD).
  • The original bank guarantee is to be kept in the safe custody of the SIA. Also, a copy of the bank guarantee and a declaration form need to be uploaded in the online portal at the submission of the application or to be attached with the application.
  • No subsidy is provided for working capital, personal vehicle, purchase of land, cost for rent and lease of land.

 

ELIGIBLE ENTITIES

Individuals, farmer producer organisations (FPOs), farmer cooperative organisations (FCOs), joint liability groups (JLGs), self-help groups (SHGs) and Section 8 companies.

 

FOLLOW UP OF THE PROJECT

The SIA will follow up the project for a period of two years after completion with regards to its operation.

 

Complete details about the scheme are available on website https://nlm.udyamimitra.in

To read in Punjabi and Hindi, click below.

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9 thoughts on “Subsidy up to Rs 30 lakh available for piggery entrepreneurs

  1. Kindly advise pig farming
    My self Iqbal Rana From Himachal Pradesh contact Number-8091090211

  2. I’m 16 years old can i do pig farming?

  3. I want to take lone for pigry farm

  4. My plot, about 60,000 sq ft is at Niuland, Nagaland. Decided for a full fledged Piggery farm over the said land. I need help from government for a factory for varieties of pork meat processing machineries.

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