Four clear months! This is the time limit to designate the gap between the start of the funding application process and the effectiveness of the cash grant in the beneficiary’s bank account. All you need to do is identify yourself as an applicant for co-financing. The operation begins with the Divisional Delegate of the Ministry of Livestock, Fisheries and Animal Industries of the host locality of the livestock project. It is then a question of presenting an in-depth diagnosis following some field study missions.
The development of a profitable business plan follows. It leads to the justification of the capacity of the PO or Promoter to mobilize his/her quota. If the beneficiary’s means do not reach the contractual amount expected, the possibility of additional bank loan from a partner financial institution, IFP, is indicated. The subsidy allocation mechanism also looks at the prior existence of a productive partnership, i.e a contract with a buyer, according to the principles of contractual breeding. These grants finance production infrastructure, working capital requirements and equipment.