Milma’s Interest-free loan scheme for dairy farmers Kerala 2024

Interest-free loan scheme for dairy farmers | Interest-free Dairy farm loan | Milma’s Interest-free Dairy farm loan | Apply Online | Online Registration

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In a significant move towards supporting the agricultural community, Milma’s Thiruvananthapuram regional union has recently unveiled a commendable initiative – an interest-free loan scheme designed exclusively for dairy farmers. This pioneering program aims to empower and uplift local farmers by providing them with financial assistance without the burden of interest, fostering sustainable growth within the dairy industry.

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Let’s delve into the details of this transformative  Interest-free Dairy farm loan scheme and its potential impact on the livelihoods of dairy farmers in the region.

Milma Interest-free loan scheme for dairy farmers Kerala 2024
Milma Interest-free loan scheme for dairy farmers Kerala 2024

Interest-free loan scheme for dairy farmers Overview

SchemeInterest-free Dairy farm loan
StateKerala
ObjectivePromote and support the dairy industry in Kerala
Benefit1 crore for the interest-free loan initiative, which aims to enhance milk production by 25,000 liters per day.
BeneficiaryKerala Milk Producers
Apply ProcessNot available
Milma Official websiteClick
Govt. Official websiteClick
Milma Contact Number 1800 889 0230, 471- 2786400, 471- 2786448

What about Kerala Interest-free loan scheme for dairy farmers ?

From January 1, 2024, the Thiruvananthapuram Regional Cooperative Milk Producers Union (TRCMPU) of Milma will introduce an interest-free credit scheme for dairy farmers.

This is intended to increase milk production to make up for a shortfall in procurement, according to Mani Viswanadh, the TRCMPU’s new chairperson, who spoke here on Friday.

According to Ms. Viswanadh, who is also the first woman to lead TRCMPU, the interest on loans received by dairy farmers from public sector and scheduled banks for the purchase of cattle will be offset by a subsidy under the scheme.

Purpose of Interest-free loan scheme for dairy farmers

  • Promoting Dairy Industry: The interest-free loan aims to promote and support the dairy industry in Kerala, fostering economic growth and sustainability.
  • Livelihood Enhancement: By providing financial assistance to dairy farmers, the loan contributes to enhancing their livelihoods, ensuring a steady income and improving their standard of living.
  • Infrastructure Development: The funds from the interest-free loan can be utilized for developing and upgrading dairy farm infrastructure, including cowsheds, milking facilities, and storage areas.
  • Quality Milk Production: Supporting dairy farmers through interest-free loans encourages the adoption of modern farming practices, leading to improved quality of milk production and adherence to standards.
  • Cattle Welfare: The loan can be used to invest in the well-being of cattle, ensuring proper healthcare, nutrition, and overall welfare, which in turn enhances the productivity of the dairy farm.
  • Employment Generation: The financial assistance provided encourages the growth of the dairy sector, leading to increased employment opportunities within the community, thereby contributing to economic development.
  • Sustainable Agriculture: By promoting dairy farming through interest-free loans, the initiative contributes to sustainable agriculture practices, fostering environmental stewardship and responsible resource management.
Interest-free Dairy farm loan 2024
Kerala Interest-free Dairy farm loan 2024

Interest-free loan scheme for dairy farmers Target

TRCMPU, one of three region unions, serves the southern districts of Thiruvananthapuram, Kollam, Pathanamthitta, and Alappuzha.

TRCMPU recorded a turnover of 1,208 crore in 2022-23, with dairy products accounting for 15% of it.

TRCMPU’s daily milk procurement had decreased from 4,09,232 liters in 2021-22 to 3,64,952 litres in 2022-23. Ms. Viswanadh stated that the regional unions intend to grow it to 3,85,000 liters in 2023-24.

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The interest subsidy will be proportional to the amount of milk supplied to the cooperatives. TRCMPU has set aside 1 crore for the interest-free loan initiative, which aims to enhance milk production by 25,000 liters per day.

Interest-free loan scheme for dairy farmers Benefits

Ms. Viswanadh further stated that beginning in January, each package of cow feed sold by linked cooperatives will receive a INR 150 subsidy. To increase revenues from Milma goods, the share of dairy products in overall turnover will be increased to 25% within two years.

Interest-free loan scheme for dairy farmers

Interest-free loan scheme for dairy farmers Apply Online

As of now, Interest-free loan scheme for dairy farmers Apply Online in Kerala’s dairy farming sector is not available. However, for future updates and information on how to Online Registration, individuals are encouraged to regularly visit the website sarkariyojana.live. Staying informed through this platform will ensure that aspiring dairy farmers in Kerala can access the latest details regarding the availability of interest-free loans and the application process.

Keeping abreast of such developments is crucial for those seeking financial support to enhance their dairy farming ventures, and sarkariyojana.live serves as a valuable resource for up-to-date information on government schemes and initiatives.

As the online application becomes accessible in the future, prospective applicants can rely on this platform to guide them through the necessary steps and provide essential details for a seamless application process.

Also Read:

Q1. What is Interest-free Dairy farm loan ?

Ms. Viswanadh, the first woman to lead TRCMPU, announced that the scheme will provide a subsidy to offset the interest on loans received by dairy farmers from public and scheduled banks.

Q2. How much loan will be available under Interest free loan scheme for dairy farmers?

TRCMPU has set aside 1 crore for the interest-free loan initiative, which aims to enhance milk production by 25,000 liters per day.

Q3. How to interest free loan scheme for dairy farmers Apply Online

The above blog contains detailed information on gInterest-free Dairy farm loan Online Registration; please read it carefully.

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