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Goat Farming Loan and Subsidy.
Goat Farming Loan and Subsidy.

Goat Farming Loan and Subsidy Information Guide

Goat Farming Loan and Subsidy Information:

Goat Farming Loan and Subsidy.
Goat Farming Loan and Subsidy.

Introduction to Goat Farming Loan and Subsidy:- Goat farming business is gaining momentum in in India since meat lovers are increasing. The demand and price for goat meat is increasing every year. Apart from this, there many people who are unemployed, and there are people who wants to invest and there are people who wants to experiment with goat farming business. Whatever the case, If you are planning for commercial goat farming, you must know the fact that the initial investment would be more and you may not able afford this. Goat farmers should also understand the fact that they reach break-even point only after 2 or 3 year and subsequent years would be profitable. Central government of India and Various state governments are encouraging Indian goat farmers under various agriculture schemes and goat farming is one of them.

To uplift the poor in rural areas and to develop and provide employment, there are some subsidies provided by these schemes. The goat farming or rearing business in India is primarily carried out in the states of Gujarat, Rajasthan, Karnataka, Telangana, Andhra Pradesh, Kerala, Tamil Nadu, Maharashtra, Madhya Pradesh, Orissa, Rajasthan, Bihar, Jharkhand, Uttar Pradesh, Kashmir and West Bengal as these states have the terrain and climate suitable for goat farming business. These state governments announced goat farming business subsidy schemes in association with local banks and NABARD (National Bank for Agriculture and Rural Development).

Before going in detail of subsidy and loan information, ask yourself why you should choose goat farming?. Well, the answer for this question is given below.

  • Goat meat has excellent demand and can fetch good profits.
  • Goats provide milk, meat, hide and manure through the year.
  • Goats are friendly animals and occupy less space.
  • Goats can depend on agriculture waste and graze on open fields.
  • Goats milk also nutritious when compared to cow milk
  • Farmers can make some extra income by selling goat manure.
  • Goats are disease resistant when compared to sheep and cow.
  • Goats can kid even triplets hence goats will be multiplied in short period.
  • Goats are easy to market; there will not be a marketing problem at all.
  • Goats easily can mingle with other livestock and you don’t need separate goat housing, if number of goats is less.

Goat farming is a kind of business which requires huge initial investment for purchase of animals, construction of goat house/shed, daily feed and nutrients, and other equipment. This is the reason we said earlier, you can avail subsidies and bank loans to run the goat farming business. It is  recommended that you start with a small number of goats, once you gain experience  in this fields, you can expand to a larger numbers.

Goat Farming Loan – About NABARD: It stands for “National Bank for Agricultural and Rural Development” which set up by RBI. NABARD is dedicated in helping people who are dependent on agriculture as main source of income. Apart from this, NABARD also helping directly and indirectly agriculture sector by providing many subsidy loan schemes to rural population.

Goat Farming Loan – How much subsidy can we get?: Well, subsidy may vary to general category to reserved category. The goat subsidy amount varies from 25% to 35% of the total cost of goats or goat project. (Subsidies may be applicable to shed construction, feed cutter, milking equipment and other things mentioned in the project report)

How to get Goat Farming loan and subsidy?: Every state has their own budget allocated to encourage goat farming. Recently, Telangana government announced to encourage rural area goat farmers. When it comes to providing subsides in goat farming, Maharashtra and Karnataka are in leading position.

Another important point is NABARD never directly lends to a farmer but instead routes the subsidy through a recognized banks where application is filed.

Goat Farming Loan – Process for Goat Farming Loan and Subsidy:-

  1. When you are ready for goat farming business, visit your nearest local any commercial, rural or co-operative bank and inquire if they offer loans for purchasing goats through NABARD, if they do, get the application form.
  2. Complete the application form with the help of bank officer or technical officer. Prepare a brief and point to point project report which can contains details of your goat farming project. This report should be submitted  to “NABARD” for availing subsidy.
  3. Once the application for subsidy and project report has been submitted to “NABARD”, it may take some time to review and get it approved. The subsidy will be provided only in the end.
  4. A technical officer from Bank may visit your farm before sanctioning any loan or subsidy as part of due diligence check.
  5. The loan borrower or goat business applicant needs to pay margin amount  between 10-15% of the loan amount while the remaining amount will be provided as a loan from NABARD through applied bank.
  6. Interest rate varies from bank to bank and on an average you can expect 12% for 10 years tenure (period).
  7. If you are planning a commercial or large scale goat farming then you are eligible to get subsidised loans for purchase of land, construction of goat pens/shed/house, feeders and milking machines. A detailed project report should be  provided to the bank,  if you want the loan to cover the above said items.

Goat Farming Loan- Banks Offering Goat Farming Loans & Subsidies in India:- There are many rural and agriculture co-operative banks  offering  goat farming loans for farmers.

  • SBI (State Bank of India)
  • IDBI Bank
  • Maharashtra Bank
  • Co-operatives Banks
  • Canara Bank
  • Oriental Bank of Commerce.

Bottom Line of Goat Farming Loan:- It’s easy to get loan if you have prepared project report well and if you meet all technical parameters set by “NABARD”.

For Stall fed goat farming: Read here.

For Sheep farming : Read here.

46 comments

  1. sachin chhatrapal verma

    I’m will start goat farming and I need of shed design . If you have shed design with you than please send me … For my research

  2. I want to start goat forming large scale or commercial goat farming. I need a loan for Land, shed, fencing, goat purchase. Where can I get information about this?

    • Well, You can contact NABARD officials. NABARD is located in most of the cities, you can get more information about goat farming, sheep farming and dairy farming subsidies.

  3. Dipak Kumar Nath

    I want to know what is the required paper work for goad farming project.

  4. I am planing to start goat forming large scale or commercial goat farming .I need more information about loan and whats is essential document for the goat farming . I am Living in Rural Area.

  5. Dear Sir,

    Is there any subsidy on interest amount

    Regards

    Manoj Sethi

  6. I am planing to start to goat Farming I need loan information and subsidy information.

    • Contact nearest NABARD office for more information about how to apply for goat farming loan and subsidy.

    • Pravin doulatrao bawane

      मला शेळीपालन सुरू करायचे आहे त्यासाठी शासकीय लोन हवे आहे काय काय कागदपत्र लागतील सविस्तर माहिती दयावी,

    • I want to starting commercial goat farming. Who will guide me. Please give me contact no. Or please contact me on 9975325224

  7. Can I get a government undertaking agriculture land on lease to establish a goat farm?
    If yes, How can I proceed?

  8. What are the criteria required for getting loan from NABARD, for commercial Goat farming.

    Ex: I am from urban city, will I also be eligible to get this loan.

    • You should meet some technical requirements to get a subsidy or loan for commercial goat farming business in India. Please talk to technical officer from NABARD office for procedure of getting NABARD loan and subsidy.

  9. Can we get a land on lease from the govt. (Either from india govt. or from state govt.) For goat farming .

  10. Syed Mazhar hussai

    From where I would get the project report for goat farming

  11. I am graduate and from Mumbai city only ,want to start goat farming but having no piece of land,shall i get loan to purchase land + infrastucture near to the city?or atleast to the boundries like dive daman and whom to contact ?

  12. How to apply the loan for goat farming in online?

  13. Dear Sir,
    I have my goat farm area attached to the govt. Property land, will the govt. give me the permission for grazing on their(govt.) land??

  14. Khalied Mohammed Saif ullah khan

    Sir, myself live in the city Hyderabad, India, my agriculture land now in Budera, Telangana and I’m planning to start a goat farming business, but have financial problem so please guide me how can I get loan to approve my agriculture land in goat farming.

  15. Dear sir,

    I’m planning to start a goat form, what is the land area required to start with 100 goats. In a shed.

  16. We have constructed and started 200 sheep farming on our own investment, can I get a subsidy without a loan??
    Please help on this.

  17. Is it possible to start goat farming project on the agricultural land taken on lease or rent for 10 years from a farmer without his objection.

  18. Sir, i have taken a goat loan , but ive some small confusion in this … plz guide me ..
    I’ve taken loan in the year 2014-2015 buy getting a information as 33% subsidy .. but now bank people are telling that there is no subsidy claimed …. its already passed 3years , now the bankers are informing . Can i avail subsidy, im ready to pay late fee if there is any way please inform….
    Ive taken 25,00,000 with 6,25,000 from our side … with
    33% subsidy so plz guide
    Shashin.1212@gmail.com
    Or cal me or whats up me about this to my number
    +91 9036867601

  19. Hi,
    I from Hyderabad and want to start goat forming, can you suggest, how to start.

  20. Santosh Pandit Chaure

    Sir we are project planning for goat farm and we want loan so what is the process will u please help me out.

  21. Hi sir I’m shivakumar from tumkur taluk
    Recently i went to ask about loan my rural area bank manager he was telling me 30% have to pay insurance because people cheat animal died like that
    That’s y insurance company made 30000 for one loan insurance like that manager told me
    In this case who will pay insurance 30% every year pls guide me bank manager bugudanahalli vijaya bank

  22. Sir l want goat farming in my agricultural land in rural areas near gangapur city district swai madhopur Rajasthan. So I want information to get loan for construction shed and loans.

  23. I want to avail LOAN for GOAT FORMING Rs.10 Lac.Whether SECURITY is required for GOAT FORMING?
    If so for how much amount the security is required & also I wish to know about the SUBSIDY DETAILS.

  24. Sir I am belong from Rajasthan , Dist -Alwar Teh- Behror, I required loan against of Goat Farm with subsidy please give me detail of Bank give me loan in Alwar

  25. Hello sir,

    I am Anand from Unnao and I have 21,000seq.fit constructed area and I want to start a goat farm please advise how I can get a loan from the bank for goat farming.

  26. Good Morning sir …
    I would like to start goat farming project in bihar and in West bengal …what I have to do ..self created project report will gets accepted or have to follow the legal process.

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