Key Parameters for Setting up a Horse Breeding Farm
Thinking of starting a horse breeding farm?
Whether you’re driven by passion or planning a profitable venture, setting up a successful horse breeding unit requires careful planning, the right environment, and a strong understanding of animal care.
Setting up a horse breeding farm is a unique and rewarding venture. Whether you’re doing it for commercial gain, racing, equestrian sports, or conservation, proper planning is crucial. Below are the key parameters you must consider before starting your horse breeding farm:
Objectives
The objectives for establishing such an entrepreneurship include:
* Bringing the unorganized horse farming sector into the organized sector.
* Promoting entrepreneurship in the field of equine for sustainable breed improvement.
* Popularizing different indigenous breeds of horses.
Salient Features:
The entrepreneurship aims to establish *Breeder farms with indigenous horse breeds*.
* The *Central Government provides a 50% capital subsidy* for the project cost.
* The subsidy covers costs related to *housing, procurement of breeding animals (including insurance), land preparation for fodder cultivation, and equipment* for establishing the breeder farm.
* The *unit size for horses* eligible for subsidy is *10 mare/broodmare + 2 stallion*.
* *No funding will be allowed for the establishment of breeding farms for thoroughbred horses*; only indigenous breeds are supported.
Eligible Entities
- Individuals.
- Self Help Groups (SHGs).
- Farmers Producer Organizations (FPOs).
- Farmers Cooperatives (FCOs).
- Joint Liability Groups (JLGs).
- Section 8 companies.
Funding Pattern and Subsidy
- One-time 50% capital subsidy of the total project cost* will be provided.
- The *maximum subsidy is up to ₹50 lakh for each unit*.
- Subsidy is capital subsidy* and is provided in *two equal installments.
- First installment* is released upfront to the scheduled bank or financial institutions (like NCDC) by SIDBI, to be credited to the Entrepreneur/Eligible Entities’ account *after the bank or financial institution releases the First Installment of loan* to the beneficiary and confirmation by the State Implementing Agency.
- Second installment* is released by SIDBI *after completion of the project and certification by the State Implementing Agency.
Essential Requirements of Beneficiaries:
Beyond being an eligible entity, the beneficiaries must also meet criteria specified in para 5.3 of the guidelines, which include:
- Having obtained *training, or having trained experts, or sufficient experience* in managing and running the relevant project, or having technical experts with sufficient experience.
- Having obtained a *sanctioned loan* for the project from a bank or financial institution, or having furnished a bank guarantee from a scheduled bank along with project appraisal for its validity by the bank.
- Having *own land or lease land* where the project will be established (exceptions apply for FPO, FCO, SHG, JLG).
- Being able to *run the project for a minimum of three years* after completion.
- Having all relevant *KYC documents*
- Being capable of providing *minimum 10% of the project cost as margin money.
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