Ministry of Fisheries, Animal Husbandry and Dairying has launched the first ever “Credit Guarantee Scheme” under Animal Husbandry Infrastructure Development Fund (AHIDF) to facilitate collateral-free credit for MSMEs in the livestock sector.Strengthen credit delivery system and facilitate smooth flow of credit to Micro, Small & Medium Enterprises (MSMEs) engaged in the Livestock sector.Increase access to finance for un-served and under-served livestock sector, with a focus on first-generation entrepreneurs and underprivileged sections of society.
Credit Guarantee Fund Trust
- A Credit Guarantee Fund Trust of Rs. 750.00 crores have been established to provide credit guarantee coverage up to 25% of the credit facilities extended to eligible MSMEs by lending institutions.
Interest Subvention
- The scheme offers an interest subvention of 3% on loans obtained from Scheduled Banks or National Cooperative Development Corporation (NCDC).
- Borrowers can avail up to 90% of the total project cost as a loan.
Animal Husbandry Infrastructure Development Fund
- The AHIDF has been set up as MSMEs and Private companies also need to be promoted and incentivized for their involvement in processing and value addition infrastructure.
The AHIDF is a Central Sector Scheme under the Prime Minister’s Atma Nirbhar Bharat Abhiyan stimulus package of Rs.15000 crores for incentivizing investments in
- Dairy processing and value addition infrastructure.
- Meat processing and value addition infrastructure.
- Animal Feed Plant.
- Breed Improvement technology and Breed Multiplication Farm.
- Animal Waste to Wealth Management (Agri Waste Management).
- Setting up of Veterinary Vaccine and Drugs Manufacturing facilities.