Poultry Farm Loan Yojana:- Poultry farming is one of the most profitable businesses in India, providing employment and a steady income source to thousands of farmers. To encourage poultry farming, the Indian government and various banks offer financial assistance through the Poultry Farm Loan Yojana. This scheme provides loans at low-interest rates to individuals and businesses looking to start or expand their poultry farms.
In this article, we will cover all the details regarding the Poultry Farm Loan Yojana, including eligibility, application process, benefits, and required documents.
Table of Contents
What is Poultry Farm Loan Yojana?
Poultry Farm Loan Yojana is a financial scheme designed to support small and large-scale poultry farmers. It provides financial aid to cover expenses related to infrastructure, purchase of birds, feed, equipment, and maintenance. Various government banks, cooperative banks, NABARD, and private financial institutions offer loans under this scheme.
The government also provides subsidies on poultry farm loans to promote the poultry industry in India. The interest rates and repayment terms vary depending on the bank and loan amount.
Benefits of Poultry Farm Loan Yojana
- Financial Support – The loan provides necessary funds to start and expand poultry farming operations.
- Low-Interest Rates – Many government banks offer loans at subsidized interest rates, making it affordable for farmers.
- Flexible Repayment Options – The repayment period for poultry farm loans is flexible, ranging from 3 to 7 years.
- Government Subsidy – NABARD and other agricultural development schemes offer subsidies on poultry loans.
- Boosts Rural Employment – The scheme encourages self-employment opportunities in rural and semi-urban areas.
- Loan for Various Purposes – Funds can be used for infrastructure development, bird purchase, medical care, and feed.
Eligibility Criteria for Poultry Farm Loan Yojana
To avail of the loan under this scheme, applicants must fulfill the following eligibility requirements:
- The applicant must be an Indian citizen.
- Individuals, self-help groups, farmers, startups, and existing poultry businesses can apply.
- A minimum age of 18 years is required.
- The applicant should have a business plan for poultry farming.
- A good credit score may be required for higher loan amounts.
- Some banks may require collateral for larger loans.
Documents Required for Poultry Farm Loan Application
- Identity Proof – Aadhaar Card, PAN Card, Voter ID, Passport
- Address Proof – Electricity Bill, Ration Card, Rent Agreement
- Bank Statements – Last 6 months’ bank statements
- Income Proof – Income Tax Return (ITR) or salary slips (if applicable)
- Land Ownership Proof – If applying for infrastructure development
- Business Plan – Detailed poultry farm project report
- Photographs – Recent passport-size photographs
- Collateral Documents – If required by the bank
How to Apply for Poultry Farm Loan Yojana?
Online Application Process
- Visit the official website of the bank offering poultry farm loans.
- Check the loan details and eligibility criteria.
- Fill out the online application form with the required details.
- Upload scanned copies of the necessary documents.
- Submit the application and wait for approval.
- Once approved, the loan amount will be disbursed into your bank account.
Offline Application Process
- Visit the nearest bank branch offering poultry farm loans.
- Request the loan application form and fill it out correctly.
- Attach all required documents with the application.
- Submit the form to the bank officer for verification.
- After approval, the loan amount will be credited to your account.
Loan Amount and Repayment Terms
- The loan amount depends on the scale of the poultry farm and the applicant’s repayment capacity.
- Small-scale farmers can get loans ranging from ₹50,000 to ₹5 lakhs.
- Large poultry farms can avail loans up to ₹25 lakhs or more.
- Repayment tenure varies from 3 to 7 years, including a moratorium period of 6 months to 1 year.
- Interest rates vary from 7% to 12%, depending on the bank and applicant’s profile.
Subsidy on Poultry Farm Loan
The Indian government offers subsidies through NABARD and other rural development schemes:
- NABARD Subsidy – Provides a 25% to 33.33% subsidy on poultry farming loans for small-scale farmers.
- PMEGP Scheme – Offers subsidies for entrepreneurs setting up poultry farms.
- State Government Subsidies – Some state governments provide additional subsidies on poultry loans.
Farmers should check with their respective state government and NABARD office for detailed information on available subsidies.
Top Banks Providing Poultry Farm Loans in India
- State Bank of India (SBI)
- Punjab National Bank (PNB)
- HDFC Bank
- ICICI Bank
- Bank of Baroda (BOB)
- NABARD (through Cooperative Banks)
- Axis Bank
- Canara Bank
- Union Bank of India
- IDBI Bank
Each bank has different interest rates and loan conditions, so it is recommended to compare and choose the best option.
Challenges in Poultry Farming and Loan Repayment
Although poultry farming is profitable, some challenges may affect loan repayment:
- High Initial Investment – Setting up a poultry farm requires significant investment.
- Disease Outbreaks – Bird flu and other diseases can impact poultry production.
- Market Fluctuations – Poultry product prices fluctuate based on demand and supply.
- Feed Cost – The high cost of poultry feed can affect profit margins.
To overcome these challenges, farmers should adopt proper farm management techniques, insurance coverage, and government assistance programs.
Conclusion
Poultry Farm Loan Yojana is an excellent financial support scheme for individuals looking to start or expand their poultry business. With easy access to low-interest loans and government subsidies, poultry farming has become a lucrative business opportunity in India. If you are planning to enter this sector, apply for a poultry farm loan today and take advantage of the financial benefits to build a successful poultry business.
