How to take loan for poultry farming? What are the things to keep in mind in 2022? - techandonlinesolution.info

How to take loan for poultry farming: At present, poultry farming is becoming a fast growing business and many people are also doing this business. Today this business is growing at the rate of about 15 percent and its demand is also increasing day by day.

How to take loan for poultry farming? What are the things to keep in mind in 2022? - techandonlinesolution.info

 

 

 

 But many people want to start poultry farming business but they do not have the right information, due to which they are not able to start this business.

You do not need to be disappointed because today we are going to give you all the information related to what is poultry farming and how to take poultry loan, which bank gives poultry loan, how much land will be used for loan etc.

 

What is Poultry Farming Loan?

Usually, poultry is reared to meet the need of eggs and meat, where does the same process go to the poultry business.

* This is also known as Poultry Farming. Nowadays this business is growing very fast. No degree or special education qualification is required to do this business, this work can be done only through basic training. 

This is a business by which you can get your part time income. Through poultry farming business, you can easily create millions of miles.

For this you have some capital and you have to work hard. Anyone can start this work.

How to take loan for poultry farming?

* Many schemes of the government provide chicken farming loans, under this you can take this loan through your nearest banks and finance company. Both government banks and private banks provide poultry farm loans, so that you can start your business.

* To take the chicken farming loan, you have to follow the steps given below, only then you will be able to take this loan.

Step 1. First of all go to your nearest branch

Step 2. Take the application form to apply for the loan.

Step 3. Self attested with required documents.

Step 4. Talk to the bank manager for loan information.

Step 5. Submit your firm's business project report and tell about the report for future enhancement of your work.

Keep in mind: Before taking the loan, make sure to check all your information properly because filling one wrong information can also lead to the loan rejection and must read the terms of conditions before applying for the loan.

Step 6. The bank will verify all the documents, form reports, etc., given by you.

Step 7. It may take a few days for the loan to be approved, so you have to wait or you have to contact the bank manager.

Step 8. As soon as the loan is approved, the loan amount is transferred to the band account specified by you.

How much land is required for poultry farming?

*To start a poultry farming business, it is necessary to have the most important clean place. If you want to do this business on a small scale, then you can use the land around your house, but if you want to start it on a large scale, then you will definitely need a large area of ​​land for this.

*The land is the most expensive part to start a poultry farming business.

 

What are the types of poultry farming loan?

Before starting the poultry farming business, you should know what it is like.

Usually the poultry farm works on the basis of two factors like broiler, layer.

    1. Broiler poultry is raised for meat

    2. Layer poultry is done for eggs. 

What is the eligibility to take poultry loan?

Some eligibility criteria have been set for taking poultry loan, only those who follow them can take this loan which is as follows

Poultry farming loan can be taken by every person in India who has enough land.

The applicant must have completed experience or training training in a poultry farm.

The applicant should know about the poultry farm, what to feed the chickens according to the environment and in which environment to keep it.

Before making a poultry farm, it should be kept in mind that there should not be any other poultry or poultry farm within half a kilometer away from that place. So in such a situation, the bank will not approve the loan and there should be a provision of water at that place.

The applicant should have documents approved by the government such as Aadhar card, PAN card.

Poultry farming or poultry farm should be more than 1 year old to take loan.

The bank can ask for a guarantor to give the loan, who can sign and agree with the loan amount, only then the bank approves the loan.

To take the loan, you have to submit your latest 3 months bank statement and poultry business report to the bank.


Keep in mind: Before taking a poultry or poultry farm loan, you can find out about it with the nearest bank or finance company around you.

Note: If you follow the above mentioned information then you will definitely get the loan. Apart from this, the bank can also demand eligibility according to it.

What are the documents required for taking Poultry Farming Loan?

To take a poultry farming loan, you need some necessary documents. Using these documents, you can get a loan to start your business.

which is as follows

    1. Identity Card: Aadhar Card, PAN Card, Driving License etc.

    2. Address Proof: Ration Card, Electricity Bill, Telephone Bill, Voter ID Card etc.

    3. Business Project Report of Poultry Farm

    4. Latest 3 months bank statement

    5. ITR Report

    6. Passport Size Photo (Latest)

How much can one get Poultry Farming Loan MAX?

To start a poultry business, you can usually take a loan from government banks and private banks.

The description of which is as follows.

You can apply for a loan of up to three lakh rupees on the rearing of 5000 chickens by the State Bank of India.

Apart from this, loan can be obtained for poultry farm and poultry farming up to a maximum of Rs.

State Bank of India (SBI) can provide loan amount up to 75 percent of the total cost to start the poultry farming business.

How much time is available to deposit poultry loan?

You are given a time period of 5 years to repay the loan amount given by the State Bank of India (SBI), within which you can deposit this loan.

If due to any reason you are not able to repay this loan within a period of 5 years, then you are provided with an additional 6 months.

Where can I use Poultry Farming Loan?

Poultry Farming Business Loan can be taken for shed construction, purchase of equipment, for the care of chicks such as medicine, fodder etc. Apart from this, it can also be taken to buy chickens.

Poultry Farming Loan 2021 Schemes

The government is also promoting poultry farming a lot, under which the government has released many schemes in 2021. Schemes like National Agriculture and Development Rural Bank (NABARD) and Poultry Venture Capital Fund (PVCF) etc. are available by the government.

Under which any state of India you live in. You can check from the official website of your state, as if you live in Rajasthan, then you can get a loan under the Poultry Farm Loan Scheme 2021 Murgi Palan Rin Yojana.

Similarly, you can take loan under poultry farming scheme in other states like Haryana, Punjab, Rajasthan, Uttar Pradesh etc.

Who provides the Poultry Farming Loan?

Both government and private banks provide poultry farming business loan, here we have given the names of some banks with the help of which you can take loan and you can also check from the official website of these banks.

SBI Poultry Loan – Mudra Loan Under PMMY : State Bank Of India

PNB Poultry Loan – Punjab National Bank

Federal Bank Poultry Loan

Bank Of India Poultry Loan

Canara Bank Poultry Loan

Bank Of Baroda Poultry Loan

Hdfc Bank Poultry Loan

Icici Bank Poultry Loan

Note: The banks mentioned above are at the sole discretion of RBI. Please check the interest rate, timing, processing fee and GST of these banks carefully.

For more information about poultry farming loan, you can visit the nearest branch of these banks.

Loans and Subsidies for Poultry Farming Scheme 2021

Anyone can apply for a loan for poultry farming.

Up to 25% subsidy is given by the government for poultry farming.

For the people of SC/ST category, up to 35% subsidy is given by the government for poultry farming.

What are the things to keep in mind before starting a poultry farm?

If you want to do poultry farming business on a large scale, then you should take special care of the following things.

Poultry farm should be established in such a place where there is a good system of traffic. So that import-export of eggs and meat can be done easily.

Poultry farm should be made in such a place where there is special arrangement of water.

Before starting the poultry farming business, it should be constructed at some distance from your village or city so that there is no noise of traffic vehicles on it. This may bother the hen.

It should also be kept in mind that the people of any village or city should not be disturbed by the filth and smell caused by the chicken.

 

FAQ Poultry Farm Loan Question-Answer

Q1. Does poultry farm income come under Income Tax?

Ans. Yes, income from poultry farm is taxed under Income Tax Act 1961.

Q2. Are there any government schemes available for poultry farm or poultry farming loan?

Ans. Yes, schemes like National Agriculture and Development Rural Bank (NABARD) and Poultry Venture Capital Fund (PVCF) etc. are available for poultry farm loan.

Q3. For which type of poultry farm loan is available?

Ans. Loans are available for both broiler and layer poultry farms.

Q4. Can I get poultry farm loan without collateral or any security fund?

Ans. Yes, some banks have this facility and in some you can get bail.

Q5. What is the maximum loan one can get for poultry farming?

Ans. According to your form, you can get up to a maximum of Rs.

Q6. How much money can I earn from a chicken farm?

Ans. If the poultry farm is done on a large scale, then lakhs and crores of rupees can be earned with its help.

Q7. What is the price of chicks in the market now?

Ans. At present, the cost of chicks is ₹ 10, but in (7-8) weeks, the price of chicken increases to Rs 250 per kg.

Q8. How much space is earmarked for one hen?

Ans. A hen needs at least 1 sq ft and if the space is 1.5 sq ft, the risk of loss of eggs or chicks, hens, is greatly reduced.

Q9. How many chickens are required for broiler farm?

Ans. For broiler chicken farming, business can be started with at least 10 thousand chickens, for this 4-5 lakh rupees will be required. And the bank can get you up to Rs 28 lakh.

Q10. How many chickens are needed for layer form?

Ans. For layer chicken farming, you can start a business with at least (10-12) thousand chickens, for this 10 to 12 lakh rupees will be required. And the bank can get you 40 to 45 lakh rupees.

Conclusion

The above-mentioned information must have been helpful for you because this information has been given after much research in which we have told you how you can take a poultry loan, how to start a poultry farm, how much loan the bank can give.

All the information related to the types of chicken farm loan is given in this article. If you face any problem then you can tell in the comment box.