Poultry Farm Loan Scheme: The government has launched the Poultry Farm Loan Scheme under which any person who wants to take a loan to start a poultry farm business can apply for this scheme and get a loan of up to Rs 9 lakh. Under this scheme, the government also provides a subsidy of 25% to 33% on taking a poultry farm loan, but this loan is available to the person who fulfils all its rights. The amount of loan is directly credited to your bank account.
Under this scheme, you can start a business related to poultry farming and agriculture sector and generate good income for yourself. The government wants people to pay more attention to self-employment, so you are provided a loan of up to Rs 9 lakh under this scheme. If you want to open a chicken farm, the cost is up to about Rs 10 lakh, where the government also subsidises you up to 25%.
Poultry Farm Loan Interest Rate
If you want to take a poultry farm loan, you can apply by visiting the nearest bank branch. Under this loan scheme, different interest is charged through different banks. Talking about SBI Bank, here the interest on poultry farm loan is charged 10.75%. Under this scheme, while general category citizens get a subsidy of 25%, SC/ST candidates are subsidised up to 33%.
Poultry Farm Loan Repayment Period
If you take a poultry farm loan, you get 3 years to 5 years to repay it. Once you take a loan, you can repay it in a maximum of 5 years. If you delay repaying the loan for any reason, you are also given 6 months extra time by the government.
Eligibility
- You can apply for this type of loan to the neighbouring bank where you live.
- You have to tell the bank why the loan is being taken.
- Loans and subsidies are provided in this way only to poor citizens.
- You should already have all kinds of arrangements of project reports, land and chicken farming business.
Required Documents
- Aadhaar card
- Income certificate
- Residence certificate
- Caste certificate
- Bank passbook
- Permission to open poultry farm
- Project report
- How many birds will be raised
- Documents of poultry farming place