Need finance to start a 50 goat unit. Which bank or scheme gives goat farming loans?
How much loan can I get for goat farming and from where?
RRajesh Patidar11mo ago · 360 views
5 Answers
🌾Farmer.in Krishi TeamExpert ✓11mo ago
You can finance a goat unit through a bank term loan, often linked to government subsidy. The main route is the National Livestock Mission (NLM), which gives a 50 percent back-ended capital subsidy on the project cost for goat breeding units, with the balance as your margin and a bank loan. NABARD refinances such loans, and many banks offer goat or animal husbandry loans; smaller needs can be met through Kisan Credit Card (KCC) for animal husbandry. The loan amount depends on your project size, land, and the bank's appraisal of your DPR. Prepare a proper project report with unit size, shed, animals, feed and revenue. Apply through the NLM portal and your financing bank; confirm current limits with NABARD or your bank.
DDinesh Solanki10mo ago
I got a goat farming loan from my bank with NLM subsidy. The DPR and training certificate were must-haves. KCC for animal husbandry also helped me with feed money in between.
LLokendra Patel10mo ago
A realistic DPR matters. The bank questioned my first report for showing too-high profit. When I put honest local prices and a sensible kid mortality figure, they trusted it and sanctioned faster. Do not inflate the numbers to look good.
KKailash Verma9mo ago
For a small 50-goat unit, ask your bank about KCC for animal husbandry as well, not only a big term loan. It gave me flexible working capital for feed and medicine between sales. Easier to manage than one large EMI when cash flow is uneven.
GGovind Chouhan9mo ago
Compare a couple of banks before signing. Interest rates and how willing they were to handle the NLM subsidy claim differed a lot between branches near me. The cooperative bank was friendlier to livestock loans than the one I first tried.