For loans more than 1 Lakh – 10% of the outlay cost should be contributed by the entrepreneur.Updating your poultry houses is critical to your business and your birds. Our dedicated team can answer your questions, address your concerns and assist with overseeing your project from day one. The number of other livestock loans was also higher than a year ago but remained historically low. The thought of building a poultry farm can seem overwhelming.
The average size of loans for other livestock continued a sharp upward trend, increasing about 30 in the third quarter and reaching an all-time high (Chart 3). For instance, for an outlay costing 10 Lakh your bank loan must be 4 Lakh. The increase in livestock loan volumes was driven by larger loan sizes. In order to avail the subsidy – 40% of the outlay cost should be availed as bank loan.In simple terms, 25% of your total investment will be adjusted as back ended capital subsidy. It means the interested business person or an entrepreneur has to first avail a bank loan only then subsidy can be availed. NABARD provides 25 % of outlay as back ended capital subsidy and 33% in the case of SC/ST and North East states.So overall the poultry business seems to be a good option for someone who want to start a new business with less investment. Eggs have become an important ingredient of morning breakfast for a large number of families in urban areas. Secondly, chicken has no religious taboos like pork and beefs. Chances are other lenders couldnt tell you a thing about poultry farming, but theyll still issue you a loan. Chicken is most widely accepted meat in India. Poultry has an important role in India as eggs and meats are the important and comparatively cheap source of protein and vitamins. NABARD and Ministry of Micro, Small and Medium Enterprises (MSME) promotes this scheme to encourage entrepreneurship and employment opportunities in rural and backward areas. Poultry venture Capital Fund Scheme (PVCFS)