CENTRAL GOVERNMENT SCHEME ON ANIMAL HUSBANDRY INFRASTRUCTURE DEVELOPMENT FUND (AHIDF)
Dear Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you benefit of ANIMAL HUSBANDRY INFRASTRUCTURE DEVELOPMENT FUND (AHIDF)
Objectives:
Dairy farming is going to become a high lucrative investment filed specifically due to increase the demand of Packaged and Hygiene Food and eatable items. In order to boost the Agriculture Growth particularly in Dairy Farming and Increase the avenue of more income for farmers, Govt of India has launched a Special fund of Rs. 15000 Crore in the name ofAnimal Husbandry Infrastructure Development Fund (AHIDF).
Quantum of Assistance:
Interest Subvention:
Interest subvention of 3% is provided to all eligible entities by the Department for 8 Years. However, Interest subvention will not be allowed for the loan sanctioned for procurement of land, working capital, old machineries and vehicle for personal use.
The Eligible Entities will not be able to get the interest subvention, if the Eligible Entities is defaulter of re-payment of loan amount in any given year.
Further Interest subvention shall be applied on entire Loan Amount (up to 90% of Total Project Cost).
Eligible Entities:
AHIDF project can be set up by an entity/organisation such as PSUs / Joint Ventures/ Cooperates / Self Help Groups SHGs / Farmer Producer Organisations (FPOs) / Private Sector Companies / Partnership Firms / Proprietorship Firms etc.
Business Activities Covered:
- Dairy Processing and Value Addition Infrastructure
- Meat Processing and value addition infrastructure
- Animal Feed Plant
Process of Availing Loan Under AHIDF:
- Apply Loan Application along with required documents.
- Bank will approve the loan after examining the Project Documents and Upload the Loan Sanction letter.
- Ministry will approve the Interest Subvention on the bases of Sanction letter.
- After Approval from Ministry, Bank will disburse the loan amount.
Applicability:
This policy will be valid for a period of 6 years from the date of notification or till the time any new policy/amendment is introduced by Government of India, whichever is later (2021 to 2026).
For, more information on this you are requested to contact our KIP subsidy helpline on Mail – sales@kipfinancial.com and contact Number- +918683898080
KIP Financial Consultancy Pvt. Ltd.
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