Poultry Loan
A Poultry Loan provides financial assistance to individuals, farmers, and entrepreneurs involved in poultry farming activities such as broiler farming, layer farming, hatcheries, and feed production. These loans help set up or expand poultry infrastructure, purchase birds, install equipment, and manage working capital needs efficiently. Government schemes and banks offer special interest rates and subsidies to promote the poultry sector under agri-finance programs.
Types Of Poultry Loan
Poultry loans are designed to meet different financial needs depending on the scale and purpose of farming operations.
Broiler Farming Loan
For raising chickens for meat production, covering costs like chicks, feed, housing, and maintenance.
Layer Farming Loan
For egg production units, including shed construction, purchase of layers, and automation setup.
Hatchery Loan
For establishing or upgrading hatcheries with incubators, hatchery equipment, and biosecurity systems.
Feed Mill Loan
For setting up feed production units to ensure consistent quality and cost-effective feed supply.
Integrated Poultry Farming Loan
For end-to-end poultry units involving breeding, rearing, feed, and processing facilities.
Working Capital Loan
For day-to-day operational expenses like feed purchase, utilities, wages, and veterinary care.
Why Poultry Loan Is Important?
Eligibility
Farmers, poultry entrepreneurs, FPOs, and MSMEs engaged in poultry farming or processing are eligible.
Loan Amount
Depends on project size and borrower profile; can range from ₹50,000 for small farms to several crores for large setups.
Interest Rate
Typically ranges between 8%–12% p.a., with subsidies available under NABARD and government poultry promotion schemes.
Collateral Requirement
Loans up to a certain limit (e.g., ₹1–2 lakh) may be collateral-free under agricultural credit programs.
FAQs
What is a Poultry Loan?
A poultry loan is financial assistance provided by banks or government institutions to establish or expand poultry farming operations.
Who can apply for a Poultry Loan?
Farmers, entrepreneurs, FPOs, self-help groups, and agribusiness owners involved in poultry-related activities can apply.
What can the poultry loan be used for?
It can be used for farm setup, purchase of chicks, feed, shed construction, hatchery equipment, or working capital.
Is any subsidy available for poultry loans?
Yes, NABARD and the Government of India offer interest subsidies and capital assistance under specific schemes.
What documents are required to apply for a poultry loan?
ID proof, address proof, project report, land ownership/lease documents, and bank statements are typically required.
What is the repayment period for a poultry loan?
Usually between 3 to 7 years, with possible moratorium periods depending on the project type.