Commercial Poultry Farming Subsidy Loans: NABARD is coming up with a number of schemes and subsidy loans for the poultry farmers. Along with the NABARD, MSME or Ministry of Micro, Small and Medium Enterprises is encouraging entrepreurship, particularly in the backward rural areas. Under this, they have brought the Subsidy Loans and Schemes for the Poultry Industry. Everyone knows that Poultry has an excellent scope and importance in the Indian Context. One can enjoy good profits with the right amount of the management practices.
Both the Meat and Eggs are the main products of the Commercial Poultry Farming in India. If you want to know the Costs and Profits of Poultry Farming, then click that link. Since Chicken Eggs and Chicken Meat are a source of protein, people consume it regularly. Also, there are no religious restrictions on Chicken Meat. Hence if you are a new entrepreneur, you can Start Chicken Poultry Farming Business without any fears. But to start this Commercial Layer or Broiler Chicken Poultry Farming Business, you will require some investments. If you do not have that investment, you can opt for the government subsidies for poultry. Here we are going to tell about the same.
How to Get 25% Poultry Farming Subsidy Loans in India:
NABARD is providing the subsidy for the Poultry farming business. This Subsidy Scheme is called as Poultry Venture Capital Fund Scheme (PVCFS). You will get 25% of the investment as a subsidy for the back end capital. While you will get up to 33% subsidy loan if you belong to SC/ST and the North East States.
Conditions for this Subsidy:
- To enjoy this subsidy, you will have to first apply for the bank loan and then you can get this subsidy.
- If you want to get that subsidy, you have to avail the 40% of the outlay cost as the bank loan.
The entrepreneur has to contribute up to 10% of the outlay cost, of the loan is more than 1 lakh.
Who Can Apply for this Poultry Loan?
- Private Limited Companies
For Applying, CLICK HERE.
This is all about the Loans for Poultry Farming. You can check our website for other bank loans and farming guides. You can also bookmark our website for more details.