National Livestock Mission: Promotion of Piggery Entrepreneur

DETAILS The "Promotion of Piggery Entrepreneur" is a scheme implemented under the Sub-mission on Breed Development of Livestock and Poultry, which is a component of the National Livestock Mission (NLM). This initiative is introduced by the Department of Animal Husbandry and Dairying, under the Ministry of Fisheries, Animal Husbandry and Dairying, Government of India. Under this scheme, a one-time capital subsidy of up to ₹30 lakh is provided to entrepreneurs, Self Help Groups (SHGs), Farmers Producer Organizations (FPOs), Farmers Cooperatives (FCOs), Joint Liability Groups (JLGs), and Section 8 companies for the establishment of breeder farms. The scheme is implemented by the State Implementing Agency of the State Animal Husbandry Department under the Ministry of Fisheries, Animal Husbandry and Dairying (MoFAHD), Government of India. Objectives: Promotion of entrepreneurship & investment and creation of forward & backward linkages in the sector improvement of per animal productivity of 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, disease prevention etc. BENEFITS 1. Capital Subsidy: A one-time capital subsidy of 50% of the total project cost, up to ₹30 lakh, will be provided for infrastructure, breeding animals, transportation, insurance, and equipment/machines. Note 1: No subsidy will be provided for land purchase, rent, lease cost, working capital, or personal vehicles. Note 2: The funding will be provided for the cost of housing, breeding animals along with transportation & insurance cost, equipment /machines. 2. Mode of Disbursement: The subsidy will be provided in two equal instalments by SIDBI to the scheduled bank or financial institution. The first installment (50% of the subsidy) will be released after the financial institution releases the first loan installment and confirms the same with the State Implementing Agency. The second instalment (the remaining 50% of the subsidy) will be released after project completion, subject to verification by the State Implementing Agency. 3. Disbursement in Self-Financed Mode: For self-financed projects, the first installment will be disbursed when the entrepreneur has spent 25% of the project cost on infrastructure and the expenditure has been verified by the State Implementing Agency. The second installment will be provided after the project is completed and verified by the State Implementing Agency. 4. Bank Guarantee Requirement for Self-Financing Mode The entrepreneur must provide a Bank Guarantee valid for three years for the remaining project cost beyond the subsidy amount. The Bank Guarantee should be in favor of the Department of Animal Husbandry and Dairying, Ministry of Fisheries, Animal Husbandry and Dairying. ELIGIBILITY General Eligibility: The applicant should be an Individual Entrepreneur, Self Help Group (SHG), Farmers Producer Organization (FPO), Farmers Cooperative (FCO), Joint Liability Group (JLG), or Section 8 Company. The applicant should be interested in setting up a breeder farm with at least 100 sows and 25 boars. The applicant should obtain breeding animals from Central/State Government farms, universities, or local farmers with high genetic merit. The applicant should arrange the remaining funds through a bank loan, financial institution loan, or self-financing. Essential requirements of beneficiaries to avail benefit under the submission: Entrepreneurs/ Eligible Entities either have obtained training or have trained experts or have sufficient experience in the relevant field in managing and running the project or have technical experts with sufficient experience in the relevant field of managing and running the project. The Entrepreneurs/ Eligible Entities have got the sanction loan for project by the bank or financial institutions furnished bank guarantee from scheduled bank along with appraisal of project for its validity by bank where it is holding the account. The Entrepreneurs/ Eligible Entities should have own land or lease land where the project will be established. The Entrepreneurs/ Eligible Entities have all the relevant documents for KYC. Notes: The applicant should not seek subsidy for land purchase, rent, lease, working capital, or personal vehicles. In case of self-financing mode, the applicant must submit a Bank Guarantee valid for three years for the remaining project cost. The project should be appraised by a bank where the entrepreneur holds an account. The State Implementing Agency will monitor the project's progress for two years.