Dairy Loan
A Dairy Loan provides financial assistance to individuals, farmers, and entrepreneurs engaged in dairy farming, milk production, or allied activities. These loans help in purchasing cattle, building infrastructure, setting up processing units, and managing working capital. Supported by government and private financial institutions, dairy loans promote rural development, self-employment, and sustainable livestock growth.
Types Of Dairy Loan
Dairy loans are available for various purposes depending on the nature and scale of dairy operations:
Cattle Purchase Loan
For buying high-yielding milch animals such as cows and buffaloes.
Dairy Farm Infrastructure Loan
For constructing sheds, purchasing milking machines, and setting up feed storage units.
Milk Processing & Chilling Unit Loan
For establishing small-scale processing or chilling plants to maintain product quality.
Working Capital Loan
For managing operational expenses like feed, medicine, transportation, and labor costs.
Dairy Equipment Loan
For purchasing automatic milking machines, bulk coolers, and packaging units.
Dairy Expansion Loan
For farmers or entrepreneurs looking to scale up their existing dairy business.
Why Dairy Loan Is Important?
Eligibility Criteria
Farmers, dairy entrepreneurs, cooperatives, and companies involved in milk production or processing can apply.
Documents Required
KYC proof, business plan, land ownership documents, quotations for equipment, and cattle purchase details.
Government Schemes
Loans under NABARD’s Dairy Entrepreneurship Development Scheme (DEDS) and Animal Husbandry Infrastructure Development Fund (AHIDF) offer subsidies.
Interest Rate & Repayment
Rates vary by bank but usually range between 8%–12%, with flexible repayment up to 7 years.
FAQs
What is a Dairy Loan?
A Dairy Loan is financial support provided by banks and government schemes to establish, expand, or modernize dairy farming and milk processing units.
Who can apply for a Dairy Loan?
Farmers, self-help groups (SHGs), dairy cooperatives, and entrepreneurs engaged in milk production or processing can apply.
What is the maximum loan amount available?
It varies by bank and project size, but can range from ₹50,000 for small farmers to ₹50 lakh or more for commercial dairy setups.
Are subsidies available on Dairy Loans?
Yes, schemes like NABARD’s DEDS and AHIDF provide capital subsidies ranging from 25% to 33.33% for eligible beneficiaries.
What documents are required for applying?
Applicants need KYC documents, a detailed project report, quotations for cattle/equipment, and land or lease documents.
How long does it take to get loan approval?
Depending on the bank and project type, loan approval may take 10–30 working days after submitting all necessary documents.