Loan from banks with refinance facility from NABARD is available for starting goat farming. For obtaining bank loan, the farmers should apply to the nearest branch of a Commercial, Co-operative or Regional Rural Bank in their area in the prescribed application form which is available in the branches of financing bank.
If you are looking to apply for an agriculture loan, it is advisable to research your options online and apply for a loan of your choice by visiting the nearest branch of a lender. When visiting the branch, ensure that you carry the required documentation along with you to quicken the application process.
The loan amount will be up to Rs 3 lakhs for every 5000-bird farm. The maximum loan amount is Rs 9 lakhs / farmer. Security - For security, the person must mortgage of land on which the poultry shed & other infrastructure is available or planned to be constructed that must cover at least 50 percent of the advance.
To avail this subsidy you need to apply for loan with any commercial or co-operative bank for 2 to 10 animals . Bank will provide you loan . then you will submit a form for subsidy to bank itself . this form with all other documents will be send by bank via its regional office to NABARD Regional office of your state .
Generally, goat farming means rearing them for the purpose of harvesting milk, meat, and fiber. Nowadays goat farming has become a profitable business and it requires a very low investment because of its multi-functional utility.
Goat farming loans are available on the number of goats that you have. Depending on the requirement NABARD loans can be obtained which has special interest waiver. To obtain loan from NABARD you will have to prepare a detailed project report and submit it to the government authority.
As goat farming is a proven highly profitable business idea so, the popularity of this business is increasing rapidly in India. Most of the people prefer goat meat and has a huge domestic demand. Along with meat production, goats are also very suitable for milk, fiber and skin production.
Goat Farming | Profit Margin
| Time Period | 1st Year | 2nd Year |
|---|
| Total Investment | Rs. 166850 | Rs. 166850 |
| Income by Selling Gunny Bags | Rs 1000 | Rs 1000 |
| Income from selling (male goats @ Rs. 3000 per buckling | – | Rs. 320000 |
| Income from selling (female goats @ Rs. 2500 per buckling | – | Rs. 280000 |
NABARD - National Bank For Agriculture And Rural Development. Dairy Entrepreneurship Development Scheme. Capital Investment Subsidy Scheme for Commercial Production Units for organic/ biological Inputs. Agriclinic and Agribusiness Centres Scheme.
The bank gives loans to other agricultural activities or allied activities like Poultry, Dairy, and Fisheries etc.
- ICICI Bank.
- HDFC Bank.
- Punjab National Bank (PNB)
- Allahabad Bank.
- Axis Bank.
- Oriental Bank of Commerce (OBC)
District Central Cooperative Banks (DCCBs) Primary Agricultural Credit Societies (PACS) State Cooperative Agriculture and Rural Development Banks (SCARDBs) Primary Cooperative Agriculture and Rural Development Banks (PCARDBs)
Crop Loans
As per the government regulations of 2013-14, agriculture loan interest rates for short-term loans up to Rs. 3 lakh is kept at 7%. However, the government also provides a subvention of interest at the rate of 3%. This makes the effective agriculture loan interest rate just 4%, which is quite low.The bank gives loans to other agricultural activities or allied activities like Poultry, Dairy, and Fisheries etc.
- ICICI Bank.
- HDFC Bank.
- Punjab National Bank (PNB)
- Allahabad Bank.
- Axis Bank.
- Oriental Bank of Commerce (OBC)
NABARD - National Bank For Agriculture And Rural Development.
NABARD - National Bank For Agriculture And Rural Development. Dairy Entrepreneurship Development Scheme. Capital Investment Subsidy Scheme for Commercial Production Units for organic/ biological Inputs.
Government schemes: These are the most important agriculture schemes introduced by the government.
- E-NAM.
- National Mission For Sustainable Agriculture (NMSA)
- Pradhan Mantri Krishi Sinchai Yojana (PMKSY)
- Paramparagat Krishi Vikas Yojana (PKVY)
- Gramin Bhandaran Yojna.
- Livestock insurance Scheme.
The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.
You can avail subsidy amount varies from 25% to 35% of the total cost of purchase of goats. In addition, NABARD is also providing financial assistance to Start A Commercial Goat Farming Business. And many people are unaware of all these Loans and Subsidies that are offered by the Government to Start Goat Farming.
