Livestock Sector Boom: AHIDF's Credit Guarantee Scheme Leading the Way
There is a world of opportunities and growth in the livestock sector. The Department of Animal Husbandry & Dairying, Ministry of Fisheries, Animal Husbandry, and Dairying has brought forth an exciting Credit Guarantee Scheme under the Animal Husbandry Infrastructure Development Fund (AHIDF).
This empowering scheme is specifically crafted to uplift farmers, particularly first-generation entrepreneurs and the underprivileged segments of society. Its core objective is to fortify the credit delivery system and offer seamless access to hassle-free credit for Medium, Micro,& Small Enterprises operating in the dynamic Livestock sector.
The Credit Guarantee Scheme under AHIDF is a game-changer for the livestock sector, making it easier for MSMEs to access financial assistance without the burden of collateral security. By establishing a Credit Guarantee fund Trust of Rs. 750.00 crores, the Department of Animal Husbandry & Dairying has taken a significant step towards fostering a conducive environment for entrepreneurs to thrive. The scheme’s main focus is to give paramount importance to the project’s viability and ensure that credit is secured solely based on the primary security of the assets being financed.
The Credit Guarantee Scheme under the Animal Husbandry Infrastructure Development Fund (AHIDF) is a game-changing initiative that opens new avenues for growth and prosperity in the livestock sector. By facilitating financial assistance to MSMEs, especially first-generation entrepreneurs and the underprivileged, without the burden of collateral security, the scheme strengthens the credit ecosystem and boosts the overall rural economy. Embrace this opportunity and join the league of thriving livestock entrepreneurs!
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