Poultry Farm Loan Yojana 2024: Poultry farm is such a business related to agriculture sector, to start which you can also get loan from public banks. If you have made up your mind to raise chickens and want to know how to apply for Poultry Farm Loan, then complete information about it is given in this article. Here you will know how to get loan for poultry farming? What is the application process for this? What documents will be required to take loan, what eligibility criteria have to be fulfilled etc.
Apart from this, we will also give you information about the interest rate and loan repayment period for Poultry Farm Loan . Under the Poultry Farm Loan Scheme, you can be provided a loan of up to Rs 9 lakh which is sufficient to set up a poultry business. You will be able to take this loan by fulfilling the simple terms and conditions of the banks, but before that read all the useful information given in this article carefully so that you do not have any problem in applying for Poultry Farm Loan.
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Poultry Farm Loan Yojana 2024
Poultry farming is an agriculture related business which can be started at low cost and good income can be earned. Therefore, the government is providing financial assistance for poultry farming business to promote self-employment. If you also want to earn a fixed income by opening a poultry farm, then you can get a loan of up to Rs 9 lakh under the government’s Poultry Farm Loan Yojana.
Let us tell you that you will also get the benefit of low interest and more subsidy on this loan. This year, the benefits given under the Poultry Farm Loan Scheme have been increased, according to which if your cost for opening a poultry farm is Rs 10 lakh, then the government can provide you up to 75% subsidy on this loan.
How to get Poultry Farm Loan?
We would like to inform the candidates who are interested in taking poultry farm loan that recently the Central Government has started Poultry Farm Loan Yojana to provide loan for poultry farming. Under which the applicant will be provided a loan of up to Rs. 9 lakhs on the basis of eligibility. Citizens who are not able to establish self-employment due to financial crisis can start poultry farm by applying under this loan scheme.
If you are interested in taking a poultry farm loan, then let us tell you that the government will also provide a subsidy of 25% to 33% on this loan. But for this you have to match your eligibility with the scheme conditions and apply correctly, only then the government will provide you the loan. After applying, if you are found eligible for this scheme, then you will get the loan amount to open a poultry farm.
Poultry Farm Loan Interest Rates
Before taking a poultry farm loan, you should be aware of the interest rate applicable on the loan. Therefore, we would like to tell you that different interest rates can be applied on this loan in public banks. For example, the initial interest rate of this loan in SBI is 10.75% , while in other banks it can be less or more.
At the same time, subsidy is also given on the loan which is determined differently for different categories. Let us tell you that under this scheme, beneficiaries coming from the general category get 25% subsidy and citizens of Scheduled Caste and Scheduled Tribe category get up to 33% subsidy.
Poultry Farm Loan Scheme Repayment Period
The repayment period of the loan given for poultry farm is from 3 years to 5 years. That is, you can take this loan for a maximum of 5 years. On the other hand, if a person’s financial condition is very weak and he is unable to repay the loan on time, then in this situation he is given 6 months relief or extra time to repay the loan.
What is the Eligibility for Poultry Farm Loan?
The central government has set some terms and conditions for taking poultry farm loan, so if you want to take this loan to start poultry farming, then you have to follow all the conditions. The candidate who follows all the conditions will get many benefits under the scheme and will also be given extra time to repay the loan. To avail this benefit, you have to fulfill the following eligibility criteria –
- The area where you live must have permanent residents.
- This loan can be taken to set up a poultry farm.
- Citizens living below the poverty line will be able to take loans under this scheme.
- To avail a loan, the applicant must have all the relevant documents.
- The applicant must have sufficient land and proper arrangements for poultry farming.
Documents Required for Poultry Farm Loan?
You can apply for poultry farm loan by supplying the following documents, let us tell you that any institution will provide you loan after reviewing these documents, so without these documents you will not be able to apply for the loan –
- Aadhar card
- Income Certificate
- Address proof
- Caste certificate
- Bank passbook
- Permit to open a poultry farm
- project report
- Certificate of knowledge of birds
- Adequate space to open a poultry farm
What are the benefits of Poultry Farm Loan Yojana 2024?
- Poultry Farm Loan Scheme has been launched by the Central Government for those citizens who want to start self-employment in the field of poultry farming.
- By providing loan under this scheme, the government is giving an opportunity to set up poultry farm.
- Let us tell you that under this, a loan of up to Rs 9 lakh will be provided by the government in the form of financial assistance, in which loan subsidy will be given to citizens of different categories as per category.
- The government will provide 3 to 5 years to repay this loan. If for any reason the poultry farmer is unable to repay the loan, he will be given an additional 6 months in which he will have to repay the entire loan.
How to apply for Poultry Farm Loan Yojana 2024?
To get a poultry farm loan, you can go to any public bank and apply. Next we are telling you how to get a loan from SBI. You can easily get a poultry farm loan by following the step by step process given below –
- First of all, visit your nearest branch of SBI Bank .
- After going there, you can get information about Poultry Farm Loan from the concerned officer.
- All the information related to the scheme will be provided to you by the bank representative and the application form of the scheme will be given to you.
- After getting the application form, you have to carefully fill in the complete information regarding the poultry farm.
- After giving all the information, copies of important required documents will have to be attached with the application form.
- The duly filled application form along with complete documents has to be submitted at the bank branch.
- After this, all the documents will be reviewed by the officer, and if found eligible for the loan, your application will be approved.
