Goat Farming Loan

Goat farming loan is a type of working capital loan that is used to start goat farming and grow it. Goat farming requires a sustainable amount of fund to start and manage the farm. To maintain the cash flow customers may need a goat framing loan offered by NBFCs and government institutions.

The goat farming business is getting popular in India because of multiple reasons like goat milk and goat meat consumed by most of the people in India. Most of all government also encouraging people to opt for goat farming as an MSME to fight unemployment. MSME full form is Micro, Small and Medium Enterprises Development.

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What is Goat Farming?

Goat farming involves the raising and breeding of domestic goats as a branch of animal husbandry. People farm goats principally for their meat, milk, fibre and skins. Goat farming can be very suited to production alongside other livestock on low-quality grazing land.

Benefits of Goat Farming Loan

There are many advantages of goat farming loan. Such as:

  • You can get a loan to start goat farming. Lack of fund is the major challenge for an individual who wants to start an animal husbandry farm.
  • Most of the banks are offering insurance along with loans for animal husbandry. It gives animal farm owners peace of mind and security.
  • When you avail of a loan for a goat farm, you get enough time to pay the loan amount. And the best part is you can easily pay the loan EMI with the production done by animals.
  • Goat farming loan can be used for purposes like land purchase, shed construction, buying goats, purchasing feed, etc.

Loan Schemes for Goat Farming

There are few government schemes and subsidies for entrepreneurs to start goat farming business. 

Goat Farming Loan from SBI

The loan amount for goat farming will be considered depending on the business needs and the applicant’s profile. The applicant must provide a goat farming business plan that has all-important business details like area, location, goat’s breed, equipment used, working capital invested, budget, marketing strategies, details of workers, etc. 

Once the applicant meets the goat farming eligibility criteria, then SBI will sanction the fund as per the requirement for commercial goat farming. SBI might ask the applicant to submit the land papers as collateral. The interest rate shall vary from applicant to applicant and lender to lender.

NABARD Loan for Goat Farming

National Bank for Agriculture and Rural Development’s (NABARD’s) motive is to support small and medium farmers to boost the production of livestock farming that increase employment opportunities in India.

NABARD offers goat farming loans with the help of various financial institutions, such as

NABARD’s scheme provides loan to people who fall under the poverty line, SC/ST category gets a 33% subsidy on goat farming. And other categories such as OBC and general category will get 25% subsidy of maximum Rs. 2.5 lakh.

Goat Farming Loan from Canara Bank

Canara bank provides Sheep and Goat rearing loans to its clients at the best interest rates. They will provide you loan once you pass the eligibility criteria of goat farming. The loan amount will be disbursed as per business requirements and you can repay them in 4 to 5 years. 

IDBI Bank Loan for Goat

IDBI bank provides loans for sheep and goat rearing under its scheme ‘Agriculture Finance Sheep & Goat Rearing’. The loan amount they disburse for sheep and goat rearing is a minimum of Rs. 50,000 and maximum are up to Rs. 50 lakh. 

Mudra loan for Goat Farming

Mudra loan scheme doesn't cover the farming sector, therefore, you can't avail of a mudra loan for goat farming. Mudra offers business loan up to Rs. 10 lakh to individuals and businesses engaged in the non-farming sector. However, there are other loan schemes and subsidies that you can avail of for goat farming. Goat farming shed plan should be present before you avail of a goat loan.

Documents Required for Goat Farming Loan Application

  1. 4 Passport size photographs
  2. Last 6 months’ bank statement
  3. Address proof
  4. Income Proof
  5. Aadhar Card
  6. BPL card, if available
  7. Caste certificate, if SC/ST/OBC
  8. Domicile certificate
  9. Goat farming project report
  10. Original land registry papers

To avail MSME loan of up to 7.5 lakh you can visit Ziploan. At Ziploan we don't require many documents. You will get the business loan within 3 days* once you meet the eligibility criteria and submit the required documents.

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