Dairy and meat processing is a vital sector that contributes to India’s economy. To support this sector, the Central Government, in cooperation with Atma Nirbhar Bharat Abhiyan, has launched the Animal Husbandry Infrastructure Development Fund scheme.
This scheme aims to improve the scope of investments in infrastructure and animal feed plants in the private sector. Keep scrolling to learn about AHIDF in detail.
The Animal Husbandry Infrastructure Development Fund or AHIDF was launched by the Ministry of Animal Husbandry, Dairying and Fisheries.
Under this scheme, the Government approved ₹15,000 Crores to encourage MSMEs, private companies, entrepreneurs, Farmers Producers Organisation and Section 8 companies to invest in animal feed plants and meat processing.
The Animal Husbandry projects can avail a loan of up to 90% of the total cost from scheduled banks under RBI. Additionally, the Government offers a 3% subsidy on these loans. This makes the complete ordeal feasible and lucrative for business.
Let’s learn the objectives of AHIDF to understand this scheme better.
Following are the objectives of the Animal Husbandry Infrastructure Development Fund scheme.
Let’s check the eligibility parameters set against this lucrative scheme. Having a clear idea about the eligibility criteria will help streamline the AHIDF loan application.
Individuals should fall in any of the mentioned categories to be eligible for the AHIDF scheme.
Eligible applicants should be associated with any of mentioned sectors to avail credit under the AHIDF scheme.
Industries or entrepreneurs who work in the mentioned sectors should know the steps to apply for this scheme.
Steps to make an application for Animal Husbandry Infrastructure Development Fund are as follows.
Ideally, the ministry will conduct an initial screening of this application based on AHIDF schemes guidelines. A lender will pick the loan application form from the portal and approve it after scrutinising the submitted documents.
The ministry will approve interest subvention based on a lenders' sanction letters and mark the same on the official portal. The loan is disbursed to an applicant’s account after compliance with terms and conditions.
Apart from fulfilling the AHIDF eligibility criteria and knowing the application process, potential applicants have to submit certain documents to validate their identity.
Following are the documents required for an AHIDF loan.
Following are the benefits beneficiaries can enjoy with the Animal Husbandry Infrastructure Development Fund scheme.
Individuals can go through the website to gain further updates on the scheme.
This is some vital information on the Animal Husbandry Infrastructure Development Fund scheme and its operation. Individuals should read the terms and conditions related to this loan before applying. Doing so will help them make an informed decision regarding borrowing and repayments.
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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