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TL;DR 1: Happiness isn't dictated by your choice of profession.TL:DR 2: Whether academia is a lucrative/better career path over the private sector comes down to a gamble: long term stability, freedom and reasonable compensation for a sizeable period of time of instability, possible/probable failure and relatively low compensation.I'm a deep believer thata person's happiness primarily arises from within.However, if your profession is a wrong-fit or isn't working out, then that can be major drag on your life and can create situations where normally happy people are profoundly unhappy. But these situations are temporary and people return to their normal state of happiness within some finite period of time (usually 6 to 12 months).I think that jobs in private sector and jobs in academics both have pros and cons and both can be incredibly rewarding, both intellectually, financially, and personally.I really feel that these quick statements answer the question, but the question details are asking something different:What are the pros and cons of academia versus the private sector for a PhD scientist? Is there a difference in the quality of life?In the short run:An academic career is a long slog before the benefits of academia start outweighing those in the private sector. It's simply a fact that not everyone who wants a lifelong career in academics can fit. That means that there is a selection process that starts occurring at the end undergraduate education and continues through the tenure process. This is usually about of 20 your most valuable years (from 20 to 40). If it doesn't work out, you are not all-for-naught, but certainly the cost-benefit analysis of leaving academics at age 38 will not be obviously in your favor.Along that way, you've been incredibly successful and your compensation will not have typically matched by people in the private sector. The upside is that during this time, you will be working on what you want and most people who are succeeding are finding it rewarding but exhausting. Now frequently in the private sector, you can find rewarding and intellectually interesting work, but it won't be quite as free as in academics.On average, you'll be surrounded by interesting and bright colleagues in academics (almost everyone will have a PhD) and it's your job to become a well-rounded intellectual. Career development is first and foremost during these years in academics you simply don't get this type of development in most of the private sector. As you become more senior you'll go to many international conferences per year (I've already been 4 in the first two months of 2012), whereas most people I know in the private sector go to one or two per year (at most) and frequently one to two per decade.You'll also develop into mentoring junior scientists which is generally a rewarding and personally fulfilling experience.However, you have to do all of this while dealing with career uncertainty and having to bop around the country/world every 2 to 5 years until you get tenure. You have to live with uncertainty and failure all the time and you could lose your career at anyone of these transitions. Along the way you may experience some truly nasty politics.How rough the road will be depends a lot on the person and the field. Most people know roughly where they stand amongst their peers. If you're at the top, then it will be a much easier road than if you're in the middle.If you contrast this with private sector employment, most people would never consider taking a job where you can work for a maximum of 2 to 5 years before you're forced to look for new work and where you will be forced to move to another part of the country (postdocs). Or that after 5 to 7 years of working, your peers will go out and ask 7 to 20 people to write letters about you and if they don't come back with near-stirling support, you'll be fired (junior faculty). Most companies want to keep their talent if they can. Rehiring is a expensive and inefficient. Companies may go out of business, but you can typically find another job in the region where you live.In the long run:Where things begin to turn around is post-tenure. At this stage of your career you have stability like no one in the private sector. Your compensation will be good. You will have intellectual and personal freedom like no one in the private sector. While your peers may be losing their jobs or taking pay cuts, you will be surfing through up and down economic cycles. You'll be enjoying what you do and the quality of life is really superb. [*]This recession really has put things into some context. If you lost your job at age 60 in this recession, it's been incredibly hard to find employment opportunities commensurate with your experience. It's a critical time, most people hope to retire between their early 60s and early 70s. Losing your job for 2 years and taking a major pay cut really has devastated a lot of people's retirement prospects. That simply doesn't happen in academics (or rarely does). You're working away with a stable pay check. A recession happens: damn your retirement portfolio is down. But you aren't hemorrhaging money. In academics, I've known people who've taken a 2 day per month furlough, but not one person lost their job due to the recession.I should mention, that this long term assumption of stability is based upon the financial stability of universities. I think it's a pretty good bet. But you never know. Things are the same until they're different. If you see a 100 year old university, you think, that's pretty young, while if you see a 100 year old company, you think, that's extremely old.Bottom line:Ultimately it's a gamble [**]. You're risking career uncertainty and low pay while performing a fulfilling job while hoping for a stable, reasonably well paid job that has immense stability in the long run versus a higher paying, more stable job, that is probably reasonably fulfilling which leads to a less certain job that isn't as likely to be fulfilling and flexible in the long run. The question is, are you willing to make that gamble?Personal experience:I am junior professor (up for tenure shortly). I've definitely found the academic path very rewarding and wouldn't change anything. Yet along the way I've known dozens if not hundreds of people who have left academics. In most cases, people have left because they weren't succeeding at moving forward. During this end stage, many became very unhappy (no one likes not succeeding) and when they leave academics, they typically find a rewarding and challenging job in the private sector and they immediately become happier. In the medium run, they're by-in-large pretty happy and successful. (I'm still too young to see the long run). However, they're basically as happy as when they were succeeding in the academia career path. And this really comes back to the short answer to the state question: happiness is internal.[*] This is not to say that there are no responsibilities for tenured faculty or that tenured faculty can't get fired or that tenured faculty don't work very hard. It's just that a tenured professor's employer will not typically fire/layoff them.[**] I've used the term "gamble" because these are major life choices where you will spend a sizeable amount of time pursuing (minimally 5 years and usually closer to 10 to 20 years). I don't mean it pejoratively, simply that you're making decisions where there isn't a certainty in the outcome and if it doesn't work out, you can't do it again.

You can find the same post here: Page on linkedin.comA Tech Concoction For MBAs, JDs and WannapreneursAug 7, 2015The Basic StartupAn atom has three basic parts but most bootstrapped tech startups have two:1) Builder of a Product - the rockstar engineer, CEO|CTO| tech co-founder who builds a scalable product that can make & keep customers happy. S/he is also the evangelist that attracts top engineers and stays ahead of the curve on cutting edge technology trends to exceed business requirements and leapfrog competitors. S/he builds a better mousetrap.2) Builder of a Market - the business guru, CEO|CXO| business or legal co-founder who brings in clients, partners, revenue and can be the 'ears on the ground' to identify and put a roadmap around new features after doing a webinar or attending a conference or based on domain expertise. This person is also charged with finding a repeatable sales cycle that defines most startups. This post is mainly for you!!!What's this post about?The outline below can be useful to get a FinTech startup off the ground, determining the core set of skills you might need to find a technical co-founder and a quick technical primer to have intelligent conversations as a Product CEO or CXO in front of your tech team, B2B relationships and investors.It can also be a reference tool for business folks, MBAs | JDs, and other non-technical founders that want to complement their business & financial skills (The Fin) with technical ones (The Tech) to add value as a technical product manager. What follows below is NOT a comprehensive list but what I'd consider a good set of resources that I've collected recently after four FinTech endeavors focused on powering Robo-Advisors and CrowdFunding portals via Web Apps and APIs. Three of those companies have been my own and while I am still searching for a BIG exit, I've had the great pleasure of partnering, hiring and working closely with 3 Tech Co-Founders and 8 Software Engineers in my startups and many more as a mentor, advisor and board member to several tech startups in a period marked by severe competition for engineering talent. I've also taught myself HTML, CSS, Flash, Fortran 90, SQL, C, Objective C and Java in the past.Some Web 2.0 BasicsIf you want to build your own website without coding: weebly andsquarespace are great tools to use. However, these are not replacements for building a technical product but simple ways to explain what you do online. Below are the tech sound bytes that explain the basics of front end, back end, APIs and a quick primer on product management. The Model View Controller (MVC) framework on the left gives you an idea for the most relevant components the View (what the user sees or front end which is typically received from the controller), theModel (the backend or database holding information, docs, etc) and theController (the glue and orchestrator between front end and back ends). It can update a record or send a command to the front end to change the view of the model (e.g. an updated stock price).Basic Web App Tech StacksFrom Left to Right: Front End Languages, Front End Frameworks, Back End Frameworks & DatabasesFront End Primer {Focus Point #1}Most useful and probably easiest Front End languages worth understanding are: Javascript, HTML5, CSS3, jQuery, Ruby. You don't need them all but a good understanding of Javascript, HTML and CSS can go a long way.To overly simplify things, think of HTML and CSS as the necessary languages to define the look and feel of your web pages whereas Javascript is a more powerful language that can behave as the glue between software components like your database and web server. It can also encompass powerful functionality like a program or action based on user input.Lastly, jQuery is a commonly used javascript library (in 65% of highly-trafficked websites) that is cross-platform compatible (runs on windows, mac et al).In the diagram above, left to right, Sass & less are newer versions of CSS which is primarily used to define elements of a page. For ex, all H1 headers in this doc, need to be Font: Verdana, Size:16 and Color:Black. That styling is a CSS example. This partially enables SaaS products to be white-labeled (branded per customer). CoffeScript is a more readable form of JavaScript.In the middle of the diagram, front end frameworks are basically sets of HTML | CSS templates|Goodies like fonts which are "useful tools for faster and better development. With frameworks you can build a well structured, maintainable and upgradable website. It also helps you save time because there are plenty of readily available elements that you can use." - sitepointBootstrap is a front end framework that can ease the development ofdynamic websites and web applications. In the diagram above, Foundation is another front end framework managed by Zurb whereas Bootstrap was started by Twitter.Ruby on Rails: "Ruby on Rails is an open-source web framework that’s optimized for programmer happiness and sustainable productivity. It lets you write beautiful code by favoring convention over configuration." In plain english, think of this as a supermarket of gems which are pre-packaged sets of functionality. If you need to attach a doc to an email, there's a gem for that which you can copy and paste into your programs.angular.js is one of the top JavaScript MVC frameworks for web apps. backbone.js and ember.js are similar and round the top three contenders. The right hand side of the diagram will be discussed in the back end section below.Back End PrimerBack End useful languages as a business person: Structured Query Language (SQL) so you can understand CRUD functions in a database. What's CRUD? Create, Read, Update, Delete records. Also helpful in defining basic APIs (see below).Good Concepts to know: Relational Databases | No SQL databases | Big Data 101 | Cloud (see Amazon AWS, Microsoft's Azure or Google Cloud)The remaining portion of the diagram reflects mainly backend tech. Mongo db is not a relational database (not SQL based). "MongoDB is one of the earliest database types under the NoSQL banner. Instead of using tables and rows as in relational databases, MongoDB is built on an architecture of collections and documents. Documents comprise sets of key-value pairs and are the basic unit of data in MongoDB" SourceNode.js is primarily a backend controller that specializes on non-blocking inputs and outputs and great for lots of concurrent users. Think of many people hitting the same tables and avoiding data corruption and "conflict locks" due to concurrent traffic. Lastly, Express (web-framework that goes hand in hand with node.js),Data Modeling Tools: Gliffy, OmniGraffle and MS Visio can help you provide your engineers with relationships between say, an investor and an investment. A household, to one to many members that can also have one or many accounts which may contain one or many investments and so on. Financial example here.Best languages for middle to backend: Java, C_, PHP, Python. Think of these as scripting languages where business logic, automation routines, algorithms, and harder to do stuff can be packaged. Fun facts I found out after b-school, the C language fits in less than 300 pages. Objective C, the basis for iOS programming is a subset of this language. I do think that for most business folks, adding value as a PM, Designer or UI Developer might be easier than to pick up back end programming.APIs ~ Legos {Focus Point #2}Think of APIs as legos that can allow for standard connectivity by way of inputs and outputs to be communicated between two systems. More importantly, APIs can help you wrap complex algorithms without disclosing your IP, externalize and monetize them via partners, clients and even competitors. As a business domain expert, you may need to define your APIs for your engineering team usingJSON (beware that lots of banks still love XML). These can be internal or external. As an example, Xignite is a FinTech company that built a huge business through APIs. A basic example of an API could be for a crowdfunding portal or Broker Dealer to send investor information collected during sign-up and for a service like FundPaaS, to return back a success status after successfully running a KYC, AML and Accreditation check on that person or business.Application Programming Interfaces (APIs) further defined & examplesCommonly Used APIs on Programmable Web, a great directory of APIsAPIs -- Network Effects and ROI >> 100%Other Implications | ConsiderationsDoes your stack affect your exit potential?"An analysis of Google, Facebook, Twitter, Box, Dropbox, and other emerging web players indicates that the stack doesn’t matter very much. While the tendency at most of these companies is either Java, PHP, Ruby, or Python, as long as the software service supports integrations via some form of web services **APIs**, the acquirer is able to develop an integration plan" See study Source"the large enterprise acquirers have a preference towards Java ... while some of the newer players have made investments in PHP and Ruby" SourceMajor Acquisitions by Acquiree and the Technology Stack from 2012-2015Security Issues -- particularly important in Financial ServicesJust beware of these issues and hire experts to help you here. This is beyond my pay grade and the scope of this post.Zero to One LearningTo be clear...What I am saying... as a Product CXO, you can learn the basic tech lingo to guide your technical hiring, define your MVP and understand the inner workings of a tech-stack at a high level. You can also play the Product& Business Development role that is so critical as you ramp up while keeping your team small and burn rate low. Learning a new trade will also slow down your startup so you have be careful and thoughtful as to the "what" and by "when" here.What I am NOT saying... to learn every single language or framework above or below or to switch from being an MBA | JD to a software engineer unless you can afford to take a year or two off and even then, you'll compete against the 16 yr old wiz that's been coding for 10 years.Full Dev ProgramsThere are many. These are three that I've become familiar with from a recruiting or learning perspective:Selection Based: www.HackReactor.com {to become an entry-level software engineer / good recruiting partners}Selection Based: www.devbootcamp.com {to become an entry-level software engineer / good recruiting partners}Pay & Go: www.bignerdranch.com {for specific iOS programming paid courses}Learning to Code Sites 101Again, many but these are the ones I've personally found useful. Also, each of the languages and frameworks described above have their own references and resources to teach you.Online video tutorials & trainingLearn to codeOnline Courses and Nanodegree Programs to Advance Your CareerEvery child deserves opportunityScratch - Imagine, Program, Share{Focus Point #3} - Product CXO Transformation Tools1) Agile MethodologyLearn Agile Methodologies to manage tech projects. DO NOT BRING typical financial services SDLC like waterfall methodologies to your tech startup as they'd greatly diminish your iterative power.2) Problem, Solution & MVP DefinitionDefine Problem & Solution Statements that your product will solve.Define user stories around the problem you are solving.Identify all features you can think of and prioritize these into an MVP.Useful software tools like JIRA, Trello, GitHub, Google Docs to track these items3) Rapid PrototypingAwesome tools here include Balsamiq, Gliffy, Keynote or Powerpoint, UX Pin or even a good old napkin with your ideas, screens and workflows. For mobile apps prototypes: Proto.io, mPath. This is a perfect skill for a business co-founder to develop and add value on product development.Ship your product quickly and often. Iterate through build, measure and learning loops that are based on data and feedback.4) Business Model CanvasThis is a great business modeling tool to think through an entire product or business in general. To me this forces you to think hard about revenue generation as a concerted effort and the product implications that can stem from each potential business model. It's sort of a visual business plan.Bringing it all together - My Suggested StrategyOh, and what's an Wannapreneur anyway? It's yes, another portmanteau for aspiring entrepreneurs that sometimes fall short of understanding that being a full-time entrepreneur is one of the *hardest things* you'll ever have to do and that usually involves learning faster than your competitors, re-inventing yourself sometimes and acquiring new skills when necessary. Luckily there are servicesjust for you. Also, see a related article on advise to 1st time entrepreneurs from a couple of years ago and be ready to take major risks including seeing your bank account go negative.Many MBAs and experienced business folks sometimes argue that acquiring technical knowledge is not the best use of their time and that they should focus squarely on the business side of things. I know there are plenty of successful business folks to whom this post wouldn't apply but I also know plenty of successful FinTech entrepreneurs that have invested the time to beef up their technical chops in order to start a FinTech company. For the bootstrapped entrepreneur, debt-ridden MBA/JD that wants to find a technical co-founder and build a FinTech startup on a shoe-string budget, this post certainly applies.If this resonates, you probably realize the power of continuous learning; you know there's nothing you can't do and appreciate why technical skills may lead to finding the unicorn technical co-founder once you can speak the same language and relate on different wavelength than business alone. This in turn, may immediately increase the value of your tech startup while keeping your headcount and burn rate low since you could handle all business + product management matters going forward. Or you may just do it for the sake or learning (+1 Like).I've heard plenty of disturbing comments stating that for every Engineer, you canincrease your valuation by X and for every MBA, you can subtract Y from your valuation. Well, I am both so I can freely express my unbiased opinion as a FinTech Entrepreneur, Biomedical Engineer, MBA that worked on Wall St and Silicon Valley. My hope is to add another section to the bridge between these two worlds and bring forth more FinTech startups into our ecosystem. So keep at it my friends and make sure that you build, measure and learn as you iterate through features and potential business models.Please add more tools, frameworks or valuable articles in the comment section. I'll re-post a 201 version in 45 days. ThanksIf you are here, you are a NERD. Here's the Extra CreditCommonly Used Tech StacksL: Linux {Operating System. Like Windows / Mac OS}A: Apache {Web Server}M: MySQL {Database}P: PHP {Scripting. Think Controller}Web Server???: The primary function of a web server is to store, process and deliver web pages to clients. The communication between client and server takes place using the Hypertext Transfer Protocol (HTTP). Pages delivered are most frequently HTML documents, which may include images, style sheets (hey you know these are CSS) and scripts (sounds like javascript) in addition to text content. The most widely used is the Apache.Operating System: Microsoft Windows, Mac OS, Linux. If you replace the L with W, you get WAMP. Another stack.Other Scripting Languages: Perl and PythonJava Stack ExampleM - Mongo (the backend), E - Express (web-framework that goes hand in hand with node.js), A - Angular.js (front-end framework), N - Node.js (the backend controller that specializes on non-blocking inputs and outputs. Great for lots of concurrent users)Transposing the Stack to an MVC EquivalentHow these communicate with each other

It is very important to give priority to poultry development in the Animal husbandry sector because the egg production of the State at present is 108 crore while the consumption is 473 crore per year. Similarly requirement of chicken meat is met by procuring and rearing about 10 crore one day old broiler chicks annually. Indian Nutritional Academy, Hyderabad has suggested consumption of 182 eggs per head per annum as standard. The National availability is 53 eggs while in U.P. it is 22 eggs. Similarly the standard suggested for chicken meat consumption is 11.00 kg, the National availability is 2.20 kg and for U.P. it is 0.987 kg per head per anuum. This clearly reflects the huge gap in requirement & availability. Though the State have enormous potential and conducive environment for poultry development yet only Backyard Poultry is developing steadily in the State. Inspite of rich resources like availability of maize grain, other poultry feed ingredients, plenty of man power, huge market, steep rise in poultry product consumption; development of entrepreneurship in poultry sector is not taking required pace in the State. Therefore, for the development of entrepreneurship and making state self sufficient by providing incentives and creating investor friendly environment, the State Govt. has proposed bankable schemes for establishment of 123 lac commercial layer and 6 lac parent broiler birds in next five years. In the scheme measures have been taken for financial relief through required poultry policy initiatives.2. Name of the Schemes(i) Establishment of Commercial Layer Farm(ii) Establishment of Parent Broiler Farm2.1 Establishment of Commercial Layer Farms In the first stage 123 lac commercial layer birds units will be established in five years in order to produce nearly 365 crore eggs for making State self sufficient in egg production. 2.1.1 Thirty thousand birds shall be considered as one unit. Entrepreneur may establish more than one unit and will be entitled for getting 10% interest subvention on the term loan for five years (60 months) to the maximum of Rs. 40.00 lac per unit. In case amount of term loan is less, then 10% subvention in interest will be calculated on actual amount of term loan taken and in any case it will never be more than Rs. 40.00lacs per unit in five years (60 months). Cost of one Unit of 30000 Layer Birds is Rs. 180.00 lac. Bank loan (TL+CC) = 126.00 lac (70%. Margin Money - INR = 54.00 lac (30%) 2.2 Establishment of Parent Broiler Farms With the objective of making broiler farming more profitable and organised and making state self sufficient in broiler chicks production, establishment of six lac broiler parent birds farm in next five years will be encouraged in order to produce nearly 972 lac chicks within the State. 2.2.1 Ten thousand birds shall be considered as one unit. Entrepreneur may establish more than one unit and the entrepreneur will be entitled for getting 10% interest subvention on the term loan for five years (60 months) to the maximum of Rs. 45.00 lac per unit. In case amount of term loan is less the 10% subvention in interest will be calculated on actual amount of term loan taken and in any case it will never be more than Rs. 45.00 lacs per unit in five years (60 months). Cost of Project of one Unit (10000 Birds) = Rs. 206.50 lac. Bank loan 70% = 145.00 lac, Margin Money 30% = 61.50 lac 3. Effective date of the Scheme- The benefit of the scheme will be effective from 17.06.2013 (date of release of Govt. Notification). No. 2280/Thirty Seven-2-2013-1(45)/12 APPLICABLE FOR BOTH SCHEME 4. Eligibility • No domicile restriction. • Scheme is open for every one residing in India or abroad. • NRI's and entrepreneurs from other countries are also eligible. • Individual/partnership/groups/companies are also eligible. • Any body applying for the establishment of units must have land in his name. (a)No of Units one can opt:- • There is no upper limit for number of units , any body can opt for any number of units. • The total number of birds at a farm must be in multiple of one unit. • There is no need of establishing one unit far from second or third unit. (b)Incentives 1. Interest subvention:- Entrepreneurs will be entitled for getting 10 point percent interest subvention on loan (TL+CC) taken from bank for five years (60 months) from first installment repayment to bank to the maximum of Rs. 40.00 lac per unit. This benefit will multiply with number of units. 2. Exemption from Stamp Duty • 100% exemption in the stamp duty on purchasing of the land for poultry units maximum area is 3 acre land/unit in the case of Commercial Layer and 6 acre/unit in the case of Broiler Parent. 3. Exemption of Electricity Duty Provision has been made to provide following benefits on electricity bill to these units. Commercial Layer one Unit @ Rs. 1200/- per month for 10 years Broiler Parent one Unit @ Rs. 2400/- per month for 10 years 4. Rebate in CST & VAT In units where capital investment is more than Rs. 5.00 crore then the poultry unit will be eligible get interest free loan (IFS) equal to the total amount of CST and VAT deposited from the date of first sale upto 10 years and this amount will be repayed as full amount by the entrepreneur after 7 year from the date of receiving the loan. Exemption from Mandi Tax If the investment in plant, machinery and spare parts in the new unit is more than Rs. 5.00 crore then such unit will get exemption from Mandi Fees on purchase of raw materials for 5 years as per food processing policy-2012 of U.P. 5. The Poultry Entrepreneurs will also get following benefits. 5.1 Under the schemes 100 percent stamp duty exemption will be given on purchase of land in any part of the state (maximum 3 acre for one layer unit and 6 acre for one unit of broiler parent bird) for which furnishing of Bank guarantee and a certificate from the Chief Veterinary Officer of the concerned district will be mandatory. U.P. Govt. order Kar Evam Nibandhan Anubhag-7 Notification NO. K.N. 7- 344/11/2012/312(98)/2012 Lucknow dated 01-04-2013 5.2 Electricity duty for these unit will be exempted for 10 years up to the limit as prescribed by U.P. Govt. Order. Energy Section-3 No. 1026/Thirty Seven-P-3-2013 Lucknow Dated 12 June 2013 5.3 In case the capital investment on establishment of poultry unit is more than Rs 5.00 crore, then the poultry unit will get interest free loan equal to the total amount of Central Sales Tax and VAT deposited from the date of first sale upto 10 years and will be repayed as full amount by the entrepreneur after 7 years from the date of distribution of loan. U.P. Govt. Order No. 1854/37-2-2013-1(45)/12 T.C. 5.4 Similarly, if the investment in plant, machinery and spare parts in the new unit is more than Rs. 5.00 crore, then such unit will get exemption from Mandi Fees on purchase of raw materials for 5 years as per food processing policy- 2012 of U.P. 6. Application form available on website shall be submitted to Director, Animal Husbandry, Uttar Pradesh, Gokarannath Road, Badshah Bagh, Lucknow Proforma 'A' is for Commercial Layer Farming. Proforma 'B' is for Parent Broiler Farming For details contact to the Director, Department of Animal Husbandry, Gokrannath Road, Badshah Bagh, Lucknow, U.P. Telephone No. 0522-2740238, 0522-2740482, Fax-0522- 2740202. Investors can also contact on Toll Free No. 1800 180 5141, 0522-2741991, 0522- 2741992 and Fax No 0522-2740832. You can also visit on department http://websitehttp://animalhusb.up.nic.in for information. Contact Person- Dr. A.U. Qidwai-08090396756, [email protected], Dr. V.K. Sinha-09839300136, [email protected] Dr. Jaikesh Pandey- 09451374055 Proforma-A Department of Animal Husbandry, Uttar Pradesh, Lucknow. Uttar Pradesh Poultry Project-2013 (UPGovt. No. 13 eq0l@lSrhl&2&2013&1¼45½@12Vh0lh0 fnukad 15 ebZ 2013 iSjk&6½ Format For Submission of Scheme Layer Farm 1. General i. Name of the sponsoring bank ii. Address of the controlling office sponsoring the scheme iii. Nature and objectives of the proposed scheme iv. Details of proposed investments http://S.No. Investment No of Units (a) (b) (c) v. Specification of the scheme area (Name & Block/s) http://S.No. District Block vi. Names of the financing bank's branches (Nationalized Bank) http://S.No. Name of Branches District (a) (b) (c) vii. Status of beneficiaries (individual/Partnership/Company/ Corporation/Co-operative Society/Others viii. Details of borrower's profile Photo (a) Capability (b) Experience (c) Financial Soundness (d) Technical/Other Special Qualifications (e) Technical/Managerial Staff and adequacy thereof Separate paper can be used for submitting information where ever necessary PROJECT REPORT LAYER FARM 2. Technical Aspects a) Location Land and Land Development i) Location details of the project ii) Total Area of land and its cost iii) Site Map iv) Particulars of land development, fencing gates etc b) Civil Structures Detailed cost estimates along with measurements of various civil structures - Sheds for Birds - Store room - Dressing room - Office room - Quarters for staff - Others c) Equipment/Plant and Machinery i) Feeders ii) Waterers iii) Generator iv) Feed grinder and mixer v) Debeaker vi) Vaccinator vii) Fridge/Deep Freezer viii) other equipment if necessary ix) Truck/Van/Jeep (Price quotations for the above equipment x) Others d) Housing i) Type of housing Deep Litter/Cages/ Environment controlled ii) Area required (Sqft/bird) e) Birds i) Location details of the project ii) No of birds to be purchased iii) Source of purchase cost of bird iv) Rs. per bird v) Vaccination of purchased birds vi) Proposed programme of replacement f) Production Parameters i) Standard Egg Production ii) Feed efficiency (kg of feed/No of eggs produced) iii Mortality g) Bird placement shedule/Chart Dates to be appended PROJECT REPORT LAYER FARM h) Feeding i) Source of availability Purchased or own feed manufacturing ii) If Purchased a) Place of purchase b) Brand c) Cost (Rs. / kg) - Chick - Grower - Layer iii) If manufactured on farm a) capacity of feed grinder and mixer b) source raw material iv) c) Feed Formula d) Cost of Production (Rs. /kg) - Chick -Grower -Layer Requirement (kg per bird) - Chick - Grower - Layer i) Veterinary Aid i) Source ii) Location iii) Distance (km) iv) Availability of staff v) Type of facilities available vi) If own arrangements are made a) Employment a veterinary/doctor/stockman/ consultant b) Periodicity of visit c) Amount Paid (Rs) vii) Expenditure per bird per cycle (Rs) j) Electricity i) Source SCB/Other ii) Approval from electricity board iii) Connected load iv) Problems of power failure v) Arrangements for generator k) Water i) Source ii) Quality of water iii Availability of sufficient quantity for drinking and cleaning iv If investment has to be made type of structure, design and cost l) Marketing of Eggs i) Source of sale ii) Place of disposal iii) Distance (km) iv) Basis of payment (Number or weight) iv) Price realized - (Rs./kg/egg) v) Periodicity of payment m) Marketing of Other products i) Manure - Qty/bird price per unit (Rs/Qt) ii) Empty gunny bags Number and cost/bag n) Beneficiary experience o) Comments on technical feasibility p) Government restrictions if any 3. Financial Aspects i) Unit Cost SNo. Name of Investment Physical Unit and specification Unit cost with component wise breakup (Rs) ii) Down payment/margin iii) Year wise physical & financial programme Year Investment Physical units (Rs) Unit Cost (Rs) Total outlay /(Rs) Margin (Rs) Bank loan (Rs) 1 2 3 4 5 6 7 iv) Financial viability (Comment on the cash flow projection on a farm mode/unit Particulars a) Internal Rate of Return (IRR) b) Benefit Cost Ratio (BCR) c) Net Present Worth (NPW) v) Financial position of the borrower's (to be furnished in case of corporate bodies/partnership firms) a. Profitability ratio i. GP ratio ii. NP ratio b. Debt equity ratio c. Whether Income tax & other obligations are paid upto date d. Whether audit is upto date (enclosed copies of audited financial statements for the last three years) vi) Lending Terms i) Rate of interest ii) Grace period iii) Repayment period iv) Nature security v) Availability of Government Guarantee wherever necessary 4. Infrastructural Facilities a) Availability of technical staff with bank/ implementing authority for monitoring b) Details of i) Technical guidance ii) Training Facilities iii) Govt. support extension support c) Insurance type of policy Periodicity Rate of premium Annexure- A-I Economic of Layer Farming - At a Glance 1. Unit Size 2. System of rearing 3. District 4. Unit cost (Rs) 5. Bank Loan (Rs) 6. Margin Money (Rs) 7. Repayment period (Years) 8. Interest rate (%) 9. BCR at 15% DF 10. NPW at 15% DF (Rs) 11. IRR (%) Annexure A-II Economic of Layers Farming - Investment Plan SNo. Description Main Points Physical Unit Unit Investment (Rs/Unit) Total Investment 1. Shed and other constructions A. Brooder cum grower shed B. Layer Shed C. Store Room 2. Watering system (Moter Pump pipeline etc.) 3. Other requirements Brooder , Grower , Layer House 4. Investment for first 3 batches recurring expenditure a. Cost chicks b. Cost of feed c. Medication, litter, labour etc 5. Total Financial Investment 6. Margin Money (30%) 7. Bank Loan (70%) Annexure A-III Economic of Layer Farming - Techno Economic Parameters 1. No of egg laying birds (Layers) 2. Relating period (weeks) Brooding cum Growing 3. No of batches 4. Space requirement per bird (sft) Brooding cum Growing Laying Period 5. Cost of construction of sheds (Rs/Sqft) 6. Store room area to be constructed (Sqft) 7. Cost of construction of store room(Rs/Bird) 8. Cost of equipments and other requirements (Rs/Bird) Brooding , Growing and Cages 9. Mortality Percentage (%) 10. Cost of DOCs (Rs/Chick) 11. Supply of free chicks (%) 12. Extra Purchased (%) 13. Feed requirement (kg/bird) Brooding stage, growing stage Laying Stage 14 Feed cost (Rs/kg) Chicks/Grower Mash Layer Mash 15 Expenditure on labour (Rs/month) 16 Over heads cost (Cost of medicines, vaccine, Insurance litter etc) (Rs/bird) Brooding , growing stage Laying Stage 17 Egg Production 18 Price of Egg (Rs/Egg) 19 Body weight of disposable birds (kg) 20 Sale price of disposable birds (Rs/bird) 21 Income from manure (Rs/bird) Brooding , growing stage Laying stage 22 No of gunny bag (per ton of feed) 23 Income from gunny bags (Rs/bag) 24 Depreciation on sheds (%) 25 Depreciation on equipment (%) 26 Margin Money (%) 27 Interest rate (%) 28 Repayment period (years) 29 Grace period (years) 30 Construction period (months) 31 Rest period for sheds (weeks) Brooder , grower stage Laying Period Name and address of the entrepreneur............ contact no.................. signature of entrepreneur................................. Proforma-B Department of Animal Husbandry, Uttar Pradesh, Lucknow. Uttar Pradesh Poultry Project-2013 (UPGovt. No. 13 eq0l@lSrhl&2&2013&1¼45½@12Vh0lh0 fnukad 15 ebZ 2013 iSjk&6½ Format For Submission of Scheme Broiler Parent Farm 1. General i. Name of the sponsoring bank ii. Address of the controlling office sponsoring the scheme iii. Nature and objectives of the proposed scheme iv. Details of proposed investments http://S.No. Investment No of Units (a) (b) (c) v. Specification of the scheme area (Name & Block/s) http://S.No. District Block vi. Names of the financing bank's branches (Nationalized Bank) http://S.No. Name of Branches District (a) (b) (c) vii. Status of beneficiaries (individual/Partnership/Company/ Corporation/Co-operative Society/Others Photo viii. Details of borrower's profile (a) Capability District (b) Experience (c) Financial Soundness (d) Technical/Other Special Qualifications (e) Technical/Managerial Staff and adequacy thereof Separate paper can be used for submitting information where ever necessary PROJECT REPORT BROILER PARENT FARM 2. Technical Aspects a) Location Land and Land Development i) Location details of the project ii) Total Area of land and its cost iii) Site Map iv) Particulars of land development, fencing gates etc b) Civil Structures Detailed cost estimates along with measurements of various civil structures - Sheds for Birds - Store room - Dressing room - Office room - Quarters for staff - Others c) Equipment/Plant and Machinery i) Feeders ii) Waterers iii) Generator iv) Feed grinder and mixer v) Debeaker vi) Vaccinator vii) Fridge/Deep Freezer viii) Dressing equipment if necessary ix) Truck/Van/Jeep (Price quotations for the above equipment x) Others d) Housing i) Type of housing Deep Litter/Cages/ Environment controlled ii) Area required (Sqft/bird) e) Birds i) Location details of the project ii) No of birds to be purchased iii) Source of purchase cost of bird iv) Rs. per bird v) Vaccination of purchased birds vi) Proposed programme of replacement f) Production Parameters i) Standard Chick Production per female ii) Feed efficiency (kg of feed/No of eggs produced) iii Mortality g) Bird Chart Date to be appended PROJECT REPORT BROILER PARENT h) Feeding i) Source of availability Purchased of own feed manufacturing ii) If Purchased d) Place of purchase e) Brand f) Cost (Rs. / kg) - Chick - Grower - Breeder iii) iv) If Manufactured on farm a) capacity of feed grinder and mixer b) source raw material c) Feed Formula d) Cost of Production (Rs. /kg) - Chick -Grower -Breeder Requirement (kg per bird) - Chick - Grower - Breeder i) Veterinary Aid i) Source ii) Location iii) Distance (km) iv) Availability of staff v) Type of facilities available vi) If own arrangements are made d) Employment a veterinary/doctor/stockman/ consultant e) Periodicity of visit f) Amount Paid (Rs) vii) Expenditure per bird per cycle (Rs) j) Electricity i) Source SCB/Other ii) Approval from electricity board iii) Connected load iv) Problems of power failure v) Arrangements for generator k) Water i) Source ii) Quality of water iii Availability of sufficient quantity for drinking and cleaning iv If investment has to be made type of struture, design and cost l) Marketing of Eggs i) Source of sale ii) Place of disposal iii) Distance (km) iv) Basis of payment (Number or weight) iv) Price relased - (Rs./kg/egg) v) Periodicity of payment m) Marketing of Other products i) Manure - Qty/bird price per unit (Rs/Qt) ii) Empty gunny bags Number and cost/bag n) Beneficiary experience o) Comments on technical feasibility p) Government restrictions if any 3. Financial Aspects vii)Unit Cost SNo. Name of Investment Physical Unit and specification Unit cost with component wise breakup (Rs) viii) Down payment/margin ix) Year wise physical & financial programme Year Investment Physical units (Rs) Unit Cost (Rs) Total outlay (Rs) Margin (Rs) Bank loan (Rs) 1 2 3 4 5 6 7 x) Financial viability (Comment on the cash flow projection on a farm mode/unit Particulars d) Internal Rate of Return (IRR) e) Benefit Cost Ratio (BCR) f) Net Present Worth (NPW) xi) Financial position of the borrower's (to be furnished in case of corporate bodies/partnership firms) e. Profitability ratio iii. GP ratio iv. NP ratio f. Debt equity ratio g. Whether Income tax & other obligations are paid upto date h. Whether audit is upto date (enclosed copies of audited financial statements for the last three years) xii)Lending Terms vi) Rate of interest vii)Grace period viii) Repayment period ix) Nature security x) Availability of Government Guarantee wherever necessary 4. Infrastructural Facilities a) Availability of technical staff with bank/ implementing authority for monitoring b) Details of i) Technical guidance ii) Training Facilities iii) Govt. support extension support c) Insurance type of policy Periodicity Rate of premium Annexure- B-I Economic of Parent Broiler Farming - At a Glance 1. Unit Size 2. System of rearing 3. District 4. Unit cost (Rs) 5. Bank Loan (Rs) 6. Margin Money (Rs) 7. Repayment period (Years) 8. Interest rate (%) 9. BCR at 15% DF 10. NPW at 15% DF (Rs) 11. IRR (%) Annexure B-II Economic of Broiler Parent Farming - Investment Plan SNo. Description Main Points Physical Unit Unit Investment (Rs/Unit) Total Investment 1. Shed and other constructions A. Brooder cum grower shed B. Layer Shed C. Store Room 2. Watering system (Moter, Pump pipeline) 3. Other Requirements Brooding cum Growing House Laying House 4. Investment for first 3 batches recurring expenditure a. Cost chicks b. Cost of feed c. Medication, litter, labour etc 5. Total Financial Investment 6. Margin Money (30%) 7. Bank Loan (70%) Annexure B-III Economic of Broiler Parent Farming - Techno Economic Parameters 1. No of egg laying birds (Parent Female) 2. Relating period (weeks) Brooding cum growing 3. No of batches 4. Space requirement per bird (sft) Brooding cum growing Laying Period 5. Cost of construction of sheds (Rs/Sqft) 6. Store room construction (Sqft) 7. Cost of construction of store room(Rs/Bird) 8. Cost of equipments and other requirements (Rs/Bird) brooding cum growing house Cages 9. Mortality Percentage (%) 10. Cost of DOCs (Rs/Chick) 11. Supply of free chicks (%) 12. Extra Purchased (%) 13. Feed requirement (kg/bird) Brooding cum growing stage Laying Stage 14 Feed cost (Rs/kg) Chicks/Grower Mash Breeder Mash 15 Expenditure on labour (Rs/month) (one labourer) 16 Over heads cost (Cost of medicines, vaccine, Insurance litter etc) (Rs/bird) Brooding cum growing stage Laying Stage 17 Chick Production 18 Price of Chicks (Rs/Chick) 19 Body weight of disposable birds (kg) 20 Sale price of disposable birds (Rs/bird) 21 Income from manure (Rs/bird) Brooding cum growing stage Laying stage 22 No of gunny bag (per ton of feed) 23 Income from gunny bags (Rs/bag) 24 Depreciation on sheds (%) 25 Depreciation on equipment (%) 26 Margin Money (%) 27 Interest rate (%) 28 Repayment period (years) 29 Grace period (years) 30 Construction period (months) 31 Rest period for sheds (weeks) Brooder cum grower stage Layer Period Name and address of the entrepreneur............ Contact no.................. Signature of entrepreneur................................. ANNEXURE-C INFORMATION FROM THE CONTROLLING OFFICE OF THE NATIONALIZED BANK IN RESPECT OF BANK LOAN SANCTION UNDER POULTRY PROJECT-2013 UPGOVT. DEVELOPMENT OF ENTREPRENEURSHIP (To be submitted to the Director/CEO UPPDB) NAME OF THE BANK DATE: TOTAL AMOUNT OF CURRENT CLAIM: Details of Current Claim: (Rs.) Particulars Name and address of the Entrepreneur (P) indicate district also) Adhar no of the entrepreneur (if available) Location of the Project (indicate the district) Whether SC/ST/Women Bank/Branch address (indicate district also) with BSR Code Loan A/C No. Date of sanction Purpose of Loan Unit size Total Financial Outlay Margin Bank Loan Repayment prescribed Rate of Interest Date of release of 1st installment of loan Amount released (Rs) Interest Subsidy Claimed Any other information relevant to the project 1. We undertake having complied with all the instructions contained in UPGovt. circular No. 13 eq0l@lSrhl&2&2013&1¼45½@12Vh0lh0 Dated 15 ebZ 2013 (and subsequent modifications made by UPGovt/UPPDB) regarding operational guidelines of the scheme while sanctioning above proposals. 2. We request you to release an amount of Rs. ................................ (Rupees ) as Interest Subsidy in respect of the above entrepreneurs. Place : Date : Seal and signature of the Branch Manager (Financing Bank) Signature and seal Authorized signatory Controlling Office of the Bank Annexure-D Format for Utilization Certificate - Capital Subsidy (For the use of financing bank (Nationalized Bank) to be submitted to the Director/CEO Poultry Project-2013 UPGovt. Development of Poultry Entrepreneurship) 1. Name address of the beneficiary and location of the project 2. Name of the financing bank 3. Name & address of the financing branch 4. Date of sanction of loan by Bank 5. Date of field monitoring of the unit by the Bank 6. Date of completion of the unit 7. (i) Total financial outlay Rs. (ii) Margin Money Rs . (iii) Bank Loan Rs. (iv) Interest Subsidy received Date of receipt Amount Date of credit from Director/CEO (Rs) to the "Subsidy Reserve Fund A/C" of the borrower 8. Brief description of assets created 9. Rate of interest charged by the financial Bank % p.a. 10. This is to certify that the full amount of capital subsidy received in respect of the above project has been fully utilized and adjusted in the books of account under the sanctioned terms and conditions of the project within the overall guidelines of the scheme. Place Date Seal and signature of the Branch Manager (Financing Bank)