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).
Objects:
We are here to share the Latest News and Great Opportunities from the Government of India and the Ministry of Fisheries and Animal Husbandry. If youre a business owner or investor, you will find valuable updates on policies and incentives that can benefit you in these sectors.
The focused area of the policy is Dairy processing and value addition infrastructure. Dairy processing and value addition infrastructure are the facilities and tools used to turn milk into different products like cheese, butter etc. There are numbers of units comes under value addition infrastructure, One of them is CHEESE MANUFACTURING UNIT.
Today we are going to talk about those eligible entities who already established the existing unit of CHEESE MANUFACTURING or those who are going to setup the CHEESE MANUFACTURING UNIT, they may have chance to avail the benefit under the said scheme.
Quantum of Assistance for CHEESE MANUFACTURING UNIT under Value Addition Infrastructure:
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 Farmer Producer Organization (FPO), Private companies, Individual entrepreneurs, and Section 8 companies, Micro Small and Medium Enterprises, Dairy Cooperatives.
Business Activities Covered:
Dairy Processing and Value Addition Infrastructure.
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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