NLM Subsidy on Donkey Farming: If you ever think of leaving your job and starting a business, everyone thinks of opening a food stall or a factory. But did you know that now you can become a millionaire simply by raising donkeys? In fact, the central government has launched a scheme under the National Livestock Mission to promote donkey farming. The government is providing significant subsidies. Let's learn more about this scheme...

What is the scheme?
Under the NLM scheme, if any individual, FPO, SHG, JLG, FCO, or Section 8 company applies for donkey, horse, or camel farming under the NLM, the government will provide a 50 percent subsidy on the entire cost. The subsidy amount will be limited to ₹50 lakh. Now, if your investment is ₹1 crore, the government will provide ₹50 lakh.

Special Rules for Donkey Farming

According to the special rules for donkey farming, a unit must include at least 50 female and 5 male donkeys. Under this scheme, the government provides a subsidy of up to 50 lakh rupees, which is a capital subsidy of 50% of the total project cost. This benefit applies only to indigenous breeds of donkeys, not foreign breeds. The subsidy is paid to the farmer in two installments: the first installment upon approval of the bank loan, and the second after completion of the project.

Why is the scheme being implemented?

The government is running this scheme to promote donkey farming. According to government data (the 20th Livestock Census of 2019), there are a total of 1.23 lakh donkeys left in the country. Meanwhile, the number of donkeys has declined by approximately 60% since 2012. This is the reason the government is running this scheme.

Learn about the government's animal husbandry schemes
The Government of India is running several important schemes to promote animal husbandry. Today, we're going to tell you about two such schemes...

1. Pashu Kisan Credit Card (Pashu KCC)

The Pashu Kisan Credit Card (Pashu KCC), like the KCC card available for farming, is now available to small farmers engaged in animal husbandry. This card is offered to farmers who rear cows, buffaloes, sheep, goats, and fish. With its help, farmers can avail loans up to ₹1.60 lakh without any guarantee. The interest rate under this scheme is very low, and if farmers repay their loan installments on time, they receive an additional 3% interest rebate.

2. Rashtriya Gokul Mission (RGM)

The Rashtriya Gokul Mission is a scheme aimed at promoting indigenous (Indian) breeds of cows and buffaloes and improving milk production in the country. Under this scheme, if a farmer or entrepreneur starts a 'Breed Multiplication Farm', the government provides a subsidy of up to ₹2 crore. Along with this, important services like AI are made available to the farmers at very low cost or sometimes even free of cost, so that good breeds can be developed rapidly and the livestock farmers can get more profits in the long run.