List of Broiler Poultry Farm Subsidies in India: Earlier we have provided information on Cost of Broiler Poultry Farm Business. We hope that the information is helpful to you. Now we are going to let you know the model reports for poultry farm business loan. We have collected information on the various bank loan for poultry farm. So without wasting much time, check the below poultry farm loans grants and NABARD subsidy for poultry farming 2017.
Broiler Poultry Farm Subsidies and Loans:
The Government of India (GOI) and other nationalized banks provide subsidy and loans in order to encourage the establishment of poultry farming business in India. In the previous article, you got to know about expenditure incurred during the establishment of broiler poultry farm in India. Here, you will get to know about all the information regarding subsidies and loans availed for construction of broiler farm.
Poultry Venture Capital Fund Scheme [PVCFS]:
The Government of India (GoI) has launched a new scheme, Poultry Venture Capital Fund Scheme (PVCF). Both NABARD and Ministry of Micro, Small, and medium enterprise (MSME) are promoting this Poultry Venture Capital Fund scheme. Earlier people have got NABARD subsidy for poultry farming 2016. This PVCFS is to encourage the entrepreneurship and also the employment opportunities for the rural and backward areas in the country.
Poultry is an important role playing agricultural business sector as in India eggs and meat are the cheap source of proteins and vitamins. Broiler meat or chicken meat has no apprehensions in most of the Indian families as it doesn’t have religious taboos like beef and pork. From the overall views, poultry business seems to be a good opinion for someone who wishes to establish a new enterprise with fewer inputs and investments in India. The salient features of PVCFS are described below.
- To avail this scheme for the establishment of a poultry farm, a startup entrepreneur should first avail a bank loan from a nationalized bank or recommended banks.
- 25% of the sanctioned loan will be born by the NABARD and 33% in case of reserved categories like SCs STs.
- Simply, 25% -33% of the total investment will be backed up and adjusted by NABARD.
- To avail the scheme, 40% of the outlay cost is availed a bank loan.
- For example, if an outlay costing is INR 5 lakhs, bank loan must be 2 lakhs.
- To get loans more than 1 lakh, 10% of the total outlay cost should be born by the startup entrepreneur.
Who can apply for the scheme?
- Individual entrepreneurs
- Private Ltd. companies
- Organised and unorganized sector groups
|Category||Back ended subsidy||Credit||Beneficiary share / Margin Money|
|Below Poverty Line||33.33%||56.67%||10%|
|SC's / ST's||33.33%||56.67%||10%|
|Above Poverty Line||25%||65%||65%|
Bank loans For Broiler Poultry Farm Business in India:
Broiler Plus by SBI:
Apart from Broiler Poultry Farm Subsidies, State Bank of India (SBI) has launched this Broiler Plus. This is a scheme for financing broiler farmers under contract farming. Under this scheme, loans can be availed by both existing farmers and startup entrepreneurs. This scheme enables them to construct poultry shed, feed room and also finances to purchase other equipment.
Eligibility Criteria to avail this Broiler Plus Loan:
The startup entrepreneur must have experience in poultry farming or should undergo a training in poultry farming. They should have a contract with companies undergoing broiler poultry production. The farmer should have adequate land to construct the poultry farm. The land should be 500 meters away from any existing nearby poultry farm. water facilities must be adequate.
Commercial flock size:
The average flock size should be 5000. however, loans are provided for flock size with 10,000 to 15,000.
Amount of loan provided:
Up to 75% of the total expenditure OR up to 3 lakhs for a flock size of 5,000. You will get a Maximum loan of 9 lakhs by a farmer or any startup individual.
Security Demanded to Avail the Broiler Plus Loan:
You have to Mortgage the land of your broiler poultry farm. Hypothecation of assets created out of bank finance.
How to Repay Broiler Plus Loan:
- You have to repay the loan either in installments or monthly intervals.
- Furthermore, you have to pay the entire loan in 5 years inclusive of 6 months as a grace period.
How to Apply for Broiler Plus Loan:
You can contact the nearby State bank of India branch or through online.
Navinypuarn Scheme For Broiler Poultry Farm:
This scheme is exclusively for the farmers of Maharashtra state. We have given the Details of this scheme below.
|Project phase||Project cost(Rs.)||Subsidy (%)||Implimenting officer|
|Bird shed, store room, electrification etc.||2,00,000||General - 50%|
SC's and ST's - 75%
|District deputy commisioner of animal husbandary department.|
|Equipment, food, water facilities.||50,000||-do-||-do-|
We hope that this guide on Broiler Poultry Farm Subsidies. Furthermore, check below to know more information by clicking on the link.