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Poultry Capital Venture Fund Subsidy
Poultry Capital Venture Fund Subsidy is operated by central government through National Bank for Agriculture and Rural Development (NABARD). Subsidy of 25% is provided on livestock and other components to poultry farms for breeding of various species like chicken, duck, turkey and geese to produce meat or eggs for food. The subsidy, when approved is reduced from the bank Loan amount thus reducing your bank Loan and the interest.
Eligibility Criteria for Poultry Capital Venture Fund Subsidy
Following persons are eligible to make application under this scheme :
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Any Individual / Company / NGO / Co-operatives / Self Help Groups who had obtained loan from prescribed financial institution and banks for which repayment period should be 5 years.
Documents Required for Poultry Capital Venture Fund Subsidy
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KYC Details of Proprietor/Partners/Directors
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Udyog Aadhar
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Purchase Bills
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Power sanction letter
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Building construction certificate
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Purchase deed/ Lease rent agreement of the business location
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Project Report, Loan Sanction Letter and Loan Disbursement Details
Additional Details required for Application :
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Trade Name, Date of Commencement and Nature of Business
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Type of Entity (New/Existing)
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Contact number & Email Id
FAQ on Poultry Capital Venture Fund Subsidy
Q. Who provides the Poultry Capital Venture Fund Subsidy ?
Poultry Capital Venture Fund Subsidy is provided by central government through NABARD for promoting of breeding of different species like chicken, duck, turkey and geese to produce meat or eggs for food.
Q. What is the quantum of Subsidy ?
Poultry Capital Venture Fund Subsidy provides 25% for general category and 33% for SC/ST.
Q. What is the maximum amount of Subsidy that can be received under the Scheme ?
The maximum subsidy that can be claimed is 25% of the cost or the amount prescribed by NABARD whichever is lower.
Q. When can the Subsidy claim be filed ?
The Poultry Capital Venture Fund Subsidy is to be filed after sanction of bank loan.
Q. How is the claim processed ?
The Poultry Capital Venture Fund Subsidy claims are processed on First In First Out (FIFO) basis, which means the subsidy for the unit whose claim is received first, will be approved first.
Q. Can subsidy be claimed for any unit located in India ?
Yes, Poultry Capital Venture Fund Subsidy applies to the whole of India.
Q. How much is the beneficiary required to contribute towards the project ?
Beneficiary is required to contribute 10% as margin money under the scheme whereas the same can go up to 30% if not opted for the scheme.
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