Solutions
The correct answer is Livestock
Other information:
* The DAHD has launched a "Credit Guarantee Scheme" specifically designed for the Livestock Sector.
* Objective: To ensure that the credit facility from the lender is solely secured based on the primary security of the financed assets.
* Scheme: Access to financial resources for the un-served and under-served livestock sector, this makes financial assistance from lenders accessible to primarily first-generation entrepreneurs and underprivileged segments of society.
* The DAHD has set up a credit guarantee fund trust of Rs 750 crore, which will cover up to 25 per cent of credit facilities extended to eligible MSMEs by lending institutions.
* The trust, formed in partnership with NAB Sanrakshan Trustee Company Private Ltd, a subsidiary of NABARD, ensures credit guarantee for MSMEs under the AHIDF scheme.
* Interest subvention of three per cent.
* Loan of up to 90 per cent of the total project cost from any Scheduled Bank, National Cooperative Development Corporation (NCDC).