Government Loan Scheme for Poultry and Goat Farming: Animal husbandry has always been the backbone of India’s rural economy. Poultry and goat farming, in particular, are two sectors that require relatively low investment but can yield steady income throughout the year. To support farmers, self-help groups, and rural entrepreneurs, the Government of India has introduced special loan and subsidy facilities under national and state-level schemes. These schemes not only provide easy access to finance but also aim to empower small and marginal farmers.
If you are planning to start or expand your poultry or goat farming business, here’s a complete guide to the loan facilities, eligibility, subsidies, repayment, and benefits.
Government Loan Scheme for Poultry and Goat Farming: Key Highlights
- Low-interest loans are available for poultry and goat rearing projects.
- Coverage includes chicks, goats, sheds, feed, medicines, and equipment.
- Subsidy support is available through NABARD and state schemes.
- Loans can be availed from nationalized banks, cooperative banks, and rural banks.
- Repayment period: 3–7 years, depending on the loan size and project.
- Priority given to women farmers, SC/ST categories, and self-help groups.
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Why Poultry & Goat Farming?
- Low Investment, High Returns: Both poultry and goats require less capital compared to dairy or large-scale cattle farming.
- Quick Income Cycle: Poultry starts generating returns in 4–6 months, while goat rearing provides regular income through milk, manure, and eventual sale.
- Rising Demand: Urban and rural markets for eggs, chicken, goat milk, and meat are expanding rapidly.
- Employment Generation: Even a small unit can support a family or a rural youth group.
Government Loan Scheme for Poultry and Goat Farming:Loan Facilities for Poultry Farming
Poultry farming loans are provided under various schemes, primarily supported by the National Bank for Agriculture and Rural Development (NABARD).
What the Loan Covers:
- Setting up poultry sheds.
- Buying day-old chicks.
- Feed and fodder costs.
- Vaccination and medicines.
- Small-scale machinery and equipment.
Loan Amount:
- Small units: ₹50,000 – ₹5 lakh.
- Medium to large farms: Up to ₹25 lakh or more (depending on the project).
Subsidy:
- 25–35% subsidy (varies by state, beneficiary category, and project size).
- Higher subsidy for women, SC/ST, and economically weaker farmers.
Government Loan Scheme for Poultry and Goat Farming:Eligibility Criteria
To avail of these loans, farmers must meet certain eligibility requirements:
- Must be 18 years or older.
- Should have basic knowledge or training in animal husbandry.
- Priority is given to self-help groups (SHGs), women farmers, SC/ST candidates, and rural youth.
- Land or rented space for setting up poultry/goat units is required.
- A simple project report may be needed to apply.
Where to Apply
Loans for poultry and goat farming are available through:
- Nationalized banks (SBI, Canara Bank, PNB, Bank of Baroda, etc.)
- Regional rural banks (RRBs)
- Cooperative banks
- Microfinance institutions (in partnership with NABARD or state governments)
Farmers can approach their nearest branch with a basic application and project plan.
Repayment Terms
- Repayment period ranges from 3–7 years, depending on the loan size.
- The moratorium period (also known as a grace period) is typically 6–12 months before repayment begins.
- Interest rates: Subsidized for priority sector lending, often 7–9% per annum (lower if availed under special schemes).
Benefits for Farmers
- Financial Support: Easy access to capital for rural entrepreneurs.
- Risk Coverage: Some schemes include livestock insurance.
- Subsidy Advantage: Reduces repayment burden significantly.
- Skill Development: Training programs are often provided alongside financial support.
- Market Linkages: State animal husbandry departments sometimes connect farmers with buyers.
Equine (E-E-A-T) Perspective
- Experience: Thousands of rural households have already benefited from poultry and goat farming loans, creating sustainable income.
- Expertise: NABARD and state agricultural departments provide financial and technical assistance, ensuring projects are viable.
- Authority: Loan schemes are backed by official government notifications, making them reliable.
- Trust: Subsidies and benefits are directly credited to farmer bank accounts under DBT (Direct Benefit Transfer).
Common Challenges
- Delays in Loan Processing: Farmers sometimes face delays due to paperwork.
- Lack of Awareness: Many eligible farmers do not know about these schemes.
- Disease Risk: Poultry and goats are vulnerable to diseases if proper care isn’t taken.
Tip: Always get your livestock insured and attend government training programs to reduce risks.
FAQs
Q1: How much loan can I get for goat farming?
A: Between ₹80,000 and ₹10 lakh, depending on the scale of the project.
Q2: Is a subsidy available for poultry farming?
A: Yes, up to 35% subsidy, higher for women and SC/ST farmers.
Q3: Which bank provides goat farming loans?
A: All major nationalized banks, regional rural banks, and cooperative banks provide such loans under NABARD support.
Q4: Do I need collateral for these loans?
A: For small loans (under ₹1.6 lakh), usually no collateral is required. Larger loans may require land or asset security.
Government Loan Scheme for Poultry and Goat Farming: Conclusion
The Government Loan Scheme for Poultry & Goat Farming is a big opportunity for rural farmers, youth, and women to create sustainable income with relatively low investment. With subsidies, low-interest loans, and training support, these schemes aim to make animal husbandry a powerful driver of rural employment.
If you’re planning to start a poultry farm or a goat-rearing unit, now is the right time to explore these loans at your nearest bank and benefit from government support.
