Goat farming today is not just a part of dairy farming. Goat rearing is also becoming an industry. People are doing goat rearing along with agriculture as it earns lakhs of income. Some breed goats for milk, while others breed them for meat Goat farming can be profitable even if the goats are sold for a single year. Along with this, there is good demand for goat milk and manure. Goat’s milk contains the nutrients of mother’s milk and is a balanced food source.
Goat farming has become a profitable business. This is also supported by the government. Very few people know that the government provides loan and insurance facilities to start a goat farming business. It is special to start goat farming business at low cost.
Explain the various banks that offer loans for goat farming. Along with this, many banks also offer the benefit of insurance coverage. Loans are also available under government agency NABARD for this.
The food and drink requirements of goats in this business are cheaper than other animal husbandry. Moreover, it can be started even from a small area in rural and urban areas.
NABARD is the leader in providing loans for goat farming. It is one such organization which provides loans at very attractive rates. Besides, the benefit of subsidy for goat rearing is also provided under the National Livestock Mission. This will give you a cheap bank loan.
These banks offer goat farming loans
State Cooperative Agriculture and Rural Development Bank
State Cooperative Bank
Nagar Bank
Other banks affiliated with NABARD
Commercial Bank
Regional Rural Bank
How much subsidy is available from NABARD on Goat Farming Loan
Under NABARD, 33 percent subsidy is given to Scheduled Caste and Scheduled Tribe beneficiaries on loans for goat rearing. At the same time, other people, including the general category, are given 25 per cent subsidy, subject to a maximum limit of Rs 2.5 lakh.
How much loan can be availed?
A loan of up to Rs.5 lakh can be availed from the bank on 20 goats. Under this scheme, people living in the village who are associated with goat farming business can easily start goat farming business by providing all their necessary documents in the bank.
Loan up to ₹4 Lakh
Banks can lend up to 4 lakhs on 10 goats
Under the Goat Farming Scheme, Goat Farming Loan is provided to people living in rural areas who want to start their new goat farming business.
How to get loan..?
To get a goat farm loan, first you can go to your nearest bank or animal husbandry center. From there you can apply for a loan to buy a new goat under the Goat Farming Scheme.
For providing Goat Farming Loan, the bank will give the loan amount only after verifying your business plan report, ITR slip, Aadhaar card, PAN card, bank account number, bank statement of last 6 months.
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