Sericulture is the science of raising silkworms and rearing silk from the grown worms, as well as the cultivation of Mulberry, which is sustenance for silkworms. Silk is the end product of sericulture or silk farming. The demand for silk in our country and abroad is expanding on a daily basis. As a result, many of them want to establish sericulture farming in India because the rewards from silkworm breeding are considerable.
Loans and subsidies
Many farmers and individuals who start sericulture cultivation are unaware of the loans, subsidies, and programmes available in India. State and federal governments are providing numerous programmes, loans, and subsidies to enhance silk production in the country, which would increase exports. State and federal governments are implementing numerous strategies, including subsidies and loans, to increase silk production in the country. Furthermore, NABARD and banks in India are providing large loans and subsidies for silkworm rearing.
NABARD provides loans and subsidies to farmers in order to grow the sericulture business. However, the specific loan requires little detail and eligibility. Banks will get complete information on NABARD loans and sericulture subsidies.
Farmers, people, self-help groups, and unemployed NGO students are among those who are eligible for NABARD loans for sericulture. The non-farm sector also comprises artisans, handicrafts, handlooms, power looms, MSME, and so on.
The individual seeking a loan or subsidy in NABARD for sericulture should own land or lease cultivable land, the land should have irrigation facilities as they need to develop mulberry trees, the farm should be properly sanitary, and it should have sufficient transportation facilities.
The many sorts of subsidies available for sericulture farming are listed below.
- The subsidy provided for mulberry cultivation in one care is Rs 10,500.
- A subsidy of Rs 2,75,000 is offered for the construction of a silkworm rearing shed.
- The subsidy for sericulture-related equipment is Rs 52,500.
- The irrigation facility subsidy for mulberry plantations is Rs 37,500.
- The farm mechanisation subsidy is Rs 10,000.
- Silk productivity incentives are Rs 20 for each extra kilogramme.
- Subsidies of Rs 5,000 are available for the purchase of organic fertilisers used in sericulture.
- The maximum subsidy allowed for medical allocation is Rs 1,50,000.
- There is a Rs 1,500 subsidy available for disinfectants used in sericulture.
- The subsidy offered for various costs associated with sericulture is Rs 10,000
Schemes under the beneficiary empowerment programme
If the costs of setting up the unit are Rs 7,000, it provides a 100 per cent subsidy, i.e., the CSB subsidy is Rs 7,000 per unit.
Schemes for silkworm shed construction
CSB sanctions for silkworm shed construction schemes If 80 per cent of the cost of constructing the silkworm shed is Rs 5,00,000, then the subsidy will be up to Rs 4,00,000
Schemes for establishing Chawki rearing centre
If the construction of a Chawki raising centre costs Rs 10,00,000, the CSB subsidy will cover 80% of the cost, up to Rs 8,00,000.