First time ಕೋಳಿ ಸಾಕಾಣಿಕೆಗೆ loan ಸಿಗ್ಗುತ್ತಾ

Question

अनुराग गुप्ता · Accepted Answer

Hello, it is possible to get a loan for starting a poultry farm even if it’s your first time. Many banks and agricultural finance institutions offer loans specifically for new farmers in poultry farming, as it’s a priority sector under agricultural lending in India.

Here’s a general outline of how to apply for a poultry farm loan:

1. Eligibility and Requirements
You don’t need previous experience, but you’ll need a clear business plan that shows expected costs, production, and profits.
Most banks require proof of land or space where the poultry farm will be established and, in some cases, a guarantor.

2. Loan Options
Banks and Cooperatives: Banks like SBI, HDFC, and Canara Bank offer poultry farm loans. NABARD (National Bank for Agriculture and Rural Development) also supports poultry farming through refinance schemes with partner banks.
Kisan Credit Card (KCC): Some farmers use KCC for credit on smaller-scale poultry projects.

3. Subsidies and Support
NABARD provides subsidies for poultry projects under its schemes. These can cover up to 25-33% of the total cost for small and marginal farmers.
Some state governments also offer their own subsidies or grants for poultry farming. You can check with the local agricultural department for such schemes.

4. Application Process
Visit your nearest bank or cooperative society and ask for details on poultry loans. You’ll need to submit documents such as an ID proof, address proof, land ownership or lease documents, and a business plan.
Some banks may require collateral, but for small loans, KCC or specific subsidy-linked loans might not require it.

5. Interest Rates and Repayment
Interest rates for poultry farming loans can vary based on the bank and type of loan. Some banks may offer a moratorium period, where you can start repaying after a certain time once the farm is operational.
For more information, you may want to consult your local bank branch or contact NABARD or your state agricultural department for the latest poultry farming loan schemes and subsidies.