Start Poultry Farming and Earn Good Profit; Check Loans and Subsidies Provided to Farmers

The poultry industry in India started about 5000 years ago. Poultry farming was a major industry of the Mauryan Empire. However, it was seen as a commercial industry from the 19th century itself. It has become a big industry in view of the ever increasing demand for chicken and eggs. Poultry farming is a business that can become an additional source of income for you. This business can be started at a very low cost and you can earn huge profit through it. Central and state governments are also giving facilities to provide loans and training at their respective levels to promote poultry farming.

What all you need to start poultry farming ? 

A. To start poultry farming, land is required.

B. To start poultry farming, you should choose a place at a short distance from your village or city.

C. Choose a place where there is good provision of water, clean air and sunlight and vehicles.

Loans and subsidies for poultry farming 

1. The government gives subsidy up to 25% for poultry farming. 

2. For SC / ST class people, this subsidy is up to 35 percent. 

. NABARD gives subsidy on poultry farming.

4. Any person can take loan for poultry farming.

How can you get loan? 

A. For poultry farming, you can obtain loan from any government bank.

B.State Bank of India (SBI) gives loans up to 75% of the total cost for this work and it provides loans up to Rs 3,00,000 for a poultry farm of 5,000 chickens. From here, you can take a loan of up to 9 lakh rupees. This loan from SBI has to be returned in 5 years. If for some reason you are unable to repay the loan in 5 years, then 6 months more time is given.

C. This scheme is named as 'Broiler Plus' scheme by State Bank of India. Under this scheme, loans are given for making room for poultry farming, buying equipment and buying poultry.

Documents needed 

1. Identity certificate - Driving license, voter ID card, PAN card or passport is required.

2. Two passport size photographs.

3. Ration card, electricity bill, telephone bill, water bill or lease agreement is required in address proof.

4. Project Report of Poultry.

5. Photo copy of bank account statement.

In this way, you can easily start poultry farming by taking bank loan.