If you are also thinking of raising chickens, then it is good news that recently the central government has started a new scheme under which loans will be provided for poultry farming. Under this scheme, a loan of up to Rs 9 lakh will be provided, on which a subsidy of 25% to 33% will also be available. You will get complete information regarding the scheme in today’s article, so please read it carefully.
Poultry Farm Loan 2024
Poultry farming is a business that is related to agriculture and in which you can earn good profits at low cost. This means that you get more savings at low cost. If you also want to expand the business by opening a poultry farm, then the government can provide you a loan of up to Rs 9 lakh in which low interest and more subsidy will be given. Under the Poultry Farm Loan Scheme in this year 2024, if your total cost is Rs 10 lakh, then the government can provide you a subsidy of up to 75% on the loan.
Subsidy and interest rate under Poultry Farm Loan
The initial interest rate given by the government to the beneficiaries for opening a poultry farm will start from 10.75%, on which subsidy has also been arranged by the government. The government has made provision of different subsidies for different categories for opening a poultry farm. 25% subsidy will be provided to the beneficiaries of the general category and up to 33% subsidy will be provided to the citizens of Scheduled Caste and Scheduled Tribe category.
Under the Poultry Farm Loan Scheme, the repayment period of this loan is from 3 to 5 years. That is, you can repay it for a maximum of 5 years. If a person’s financial condition becomes weak and he is unable to repay the loan on time, then the government gives him 6 months of relief or extra time. Under the Poultry Farm Loan Scheme, a subsidy of 25% to 35% is provided. The government has set some terms and conditions for the Poultry Farm Loan Scheme. If the poultry farmer complies with all the conditions, he will be considered eligible for additional time, in which additional time will be provided by the government.
Documents Required for Poultry Farm Loan
- Aadhar card
- Address proof
- income certificate
- caste certificate
- Bank account number
- Permit to open a poultry farm
- Place available for opening a poultry farm
- project report
- Certificate of knowledge of birds
NABARD Dairy Scheme
Poultry Farm Scheme Benefits and Features
- An updated scheme has been launched by the government to start a poultry farm. According to this scheme, you will get a chance to set up your poultry farm with the help of the available loan. You will be provided a loan of up to ₹ 9 lakh by the government as financial assistance. The time given to repay this loan is 3 to 5 years.
- If for any reason the loan is not repaid by a poultry farmer, an additional time of 6 months will be provided by the government.
- Under this scheme, 75% of the financial assistance is provided by the government while the remaining 25% amount has to be paid by the poultry farmer himself.
How to get loan for poultry farm?
If you also want to take advantage of the new poultry farm loan scheme launched by the government, then first of all you have to go to your nearest State Bank of India branch. There you have to meet the concerned officer of the loan scheme and get the details. After this, you have to get the application form according to the Pradhan Mantri Mudra Loan Yojana. Then, you have to carefully fill the complete information regarding the poultry farm and attach all the necessary documents. When your application is ready, you have to submit it to the officer.
Dairy Farming Loan
Your application will be scrutinized by the officer. If your application is approved, you will be provided a loan of up to ₹9 lakh for poultry farm by State Bank of India, which has to be repaid in 3 to 5 years.