Bakri Palan Loan Yojna: If you want to start goat farming and you need money for this, then the government is giving a loan of up to Rs 10 lakh. By taking advantage of this loan, you can start your goat farm and build a successful business.
The Government of India and the state governments are giving subsidies and loans at low interest rates to promote goat farming business. In this article, we will tell you how to take goat farming loan, who is eligible for this loan, what documents will be required and how to apply.
What is Goat Farming Loan?
Goat farming is a profitable business, which can be started at low cost. The government is giving a loan of up to Rs 10 lakh under NABARD, Animal Husbandry Department and various bank schemes. The purpose of this loan is to promote self-employment in rural areas and make farmers self-reliant.
Key Features
Loan Amount: ₹50,000 to ₹10,00,000
Subsidy: 25% to 50% (higher for SC/ST and women)
Interest Rate: 4% to 12% (depends on the bank)
Loan Tenure: 3 to 7 years
Guarantee: Loan up to Rs 5 lakh can be availed without guarantee
Eligibility
- Age: 18 to 55 years
- Citizenship: Indian
- Agricultural Land: If you have your own land, it will be easy to get a loan
- Credit Score: Should be good (CIBIL score 650+ would be better)
- Business Plan: There should be a complete plan for goat farming business
- Required Documents
- Identity Proof
- Address Proof
- Business Plan
- Bank Statement
- Passport Size Photo
- Land Documents
How to Apply
On PM Kisan, NABARD or Bank website Visit.
Search “Goat Farming Loan” and click on Apply Now.
Upload the required information and documents.
Upload the goat farming business plan.
Submit the application and wait for bank approval.