Poultry Loan: Starting a business at low cost whose demand will be remain the same in future can be the best business idea for you. Hence, the business of poultry farming is the example of this. Consumption of chicken and eggs 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 will give 25 percent subsidy while 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 a place. This place should not exposed to pollution which can affect the chickens.
Apart from this, availability of water, lights and clean air should be ensured there. There should be better arrangement for the movement of vehicles in the place you have chosen. After this you need to arrange money by taking loans to start this business. Many public and private banks including SBI, PNB, HDFC Bank, IDBI Bank will provide loan.
One Can Get Loan Easily from SBI
The State Bank of India (SBI) provides loans under the 'broiler scheme' to existing and new farmers to build sheds for poultry, pasture (in which chickens will be fed) and other necessities. According to the information given on the SBI website, banks can give you loans by pledging the land on which you can 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 in every two months.
Documents Required for Taking A Poultry Loan
Three key documents are required to get poultry loan 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.
