Poultry Loan: To start such a business at a low cost, whose demand for the product remains in the market, it can be considered about the poultry farming business. Chicken and egg consumption is constantly increasing and due to this poultry farming is becoming a very big industry. In such a situation, if you want to start a large profitable business at a low cost, then this is a better option. The government also gives subsidy for this. NABARD gets 25 percent subsidy. SC-ST and below poverty line gets 33.33 percent subsidy.
Adoption of adequate air and water facilities
To start poultry farming, first you have to choose the place. This place should be such that where pollution does not affect the chickens. Apart from this, availability of water, lights and clean air could be ensured there. There should be better arrangement for the movement of vehicles in the place you have chosen.
After this money can be arranged by taking loans to start a business. Many public and private banks provide this loan; Such as SBI, PNB, HDFC Bank, IDBI Bank etc.
One can get loan easily from SBI
State Bank of India (SBI) provides loans under ‘broiler scheme’ to existing and new farmers for building sheds for poultry, pasture (in which chickens will be fed) and other essential things.
According to the information given on the SBI website, to start a poultry form, banks can take loans by pledging the land on which to start poultry. The value of this land must cover at least 50 percent of the debt. After this, you get a margin of 25 percent.
The bank gives five years to repay the loan. However, if you are unable to repay the entire loan in this period, you will get an additional time of six months in which the remaining amount will have to be paid every two months.
Documents required for taking a loan
Three major documents are required to start a poultry form from SBI.
- Filled application form
- Voter ID card / PAN card / Passport / Aadhaar card / Driving license etc. as an identity card
- Voter ID card / passport / Aadhaar card / driving license etc. for address proof
Get up to 75% loan
For poultry farming, the bank provides loans to those who have training or adequate experience or who have sufficient land to build a poultry shed. SBI currently provides loans at a floating rate of 10.60 per cent per annum. The bank can get a maximum loan of 75 percent of the cost.
Source: www.financialexpress.com
