Tamil Nadu Milch animal scheme- TN Government TABCEDCO
About the Scheme
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The Tamil Nadu Milch animal scheme is a government supported financial assistance program that helps for eligible family to individual to start their dairy farming activities. The scheme provides loan for purchasing milch animal such as cows and buffaloes, helping beneficiaries create a regular source of income milk production.
The Milch Animal Loan Scheme is implemented by National Backward Classes Finance and Development Corporation (NBCFDC) in collaboration with the Tamil Nadu Backward Classes Economic development Corporation (TABCEDCO). The Scheme is aimed to becoming the Backward classes(BC), Most Backward Classes(MBC), and Denotified Communities(DC) who wish to take up dairy farming as a sustainable livelihood.
Key Highlight of Milch Animal Loan Scheme
Maximum Loan Amount | Repayment Period | Interest Rate |
₹ 1.20 Lakh | 3 Years | 7% |
Get Loan Assistance Up to ₹1.20 Lakh
The Eligible benificiary can purcahsing a loan amount from government portal up to ₹1.20 lakh
Flexible Repayment Period
The Loan will be repaid period to 3 years, depanding on the eligible loan scheme
Affordable Loan Interest
The scheme offer loan offers at interest rating range 7% as applicable to the loan category and amount
Purpose of the milch animal loan scheme
- To help Purchase milch animals
- To create a regular source of income
- To increase milk production
- To support dairy farming
- To improve economic conditions
Patterns of finance
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NDFC Share | 85% |
TABCEDCO Share | 10% |
Beneficiary’s Share | 5% |
Rate of interest per annum | Upto Rs. 5.00 lakh – 6% Above Rs. 5.00 lakh to Rs.10.00 lakh – 7% Above Rs.10.00 lakh to Rs.15.00 lakh – 8% |
Repayment Period | 3 / 8 years |
Eligibility Criteria
Community Eligibility | Backward Class (BC) Most Backward Class (MBC) Denotified Class (DC) |
Age | Maximum Age 18 , Minimum Age 60 |
Annual Family Income | ₹ 3 Lakh |
Beneficiary | Only one Beneficiary can Apply |
Purpose of the Loan | Purchase of Milch Annimal |
| Loan Approval is subject is verification | (1) Community status (2) Age (3) Family Income (4) Residential Status (5) Required document |
| Quick Eligibility Checklist | 1. Belong to BC, MBC,DC 2. Age is before 18 and below 60 years 3. Annual family income prescribed limit 4. Can Provide the required document |
Document Required for Scheme
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- Aadhaar Card
- Income Certificate
- Community Certificate
- Ration Card
- Address / Resident Proof
- Bank passbook
- Passport-size Photo
- Milk Cooperative Society Membership details
- Quatation if Required
- Document Checklist
- Aadhar card
- Community Certificate
- Income Certificate
- Address Proff
- Bank Passbook
- Passport size photo
- Relevant quatation
Application Process TABCEDCO Milch Animal Scheme
Step 1 : Check Eligibility |
Step 2 : Prepare the Document |
Step 3 : Apply Online |
Step 4 : Fill the Application |
Step 5 : Submit the Document |
Step 6 : Verification |
Step 7 : Loan Sanction |
Step 8 : Loan Disbursement |
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Conclusion
The Milch Animal Loan Scheme is an important financial assistance initiative aimed at helping eligible beneficiaries develop their dairy farming and milk-production activities. By providing access to loan assistance for purchasing milch animals, the scheme can help beneficiaries create a regular source of income and strengthen their livelihood. The scheme is particularly valuable for eligible members of the BC, MBC and DNC communities, as TABCEDCO’s broader objective is to support their economic development through viable income-generating activities.
For those who are interested in dairy farming, this scheme can provide an opportunity to purchase milch animals, increase milk production and work towards greater financial independence. Applicants should check the latest eligibility criteria, loan amount, interest rate, documents and repayment conditions with TABCEDCO or their concerned milk cooperative society before applying.
Application Link in Below
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