Today, we talk about “Top 10 Banks for Poultry Farm Loan/Grants In India”.
Banks providing poultry farming loan in India:
If you want to start commercial poultry in India and looking for top 10 banks for poultry fam loan, keep reading this. India is a goldmine of farm livestock resources and Animal Husbandry that plays an inevitable role in Agriculture. To boost the development in this area, the Indian Government and other national and private banks are offering loans for Animal husbandry allied activities. Below we have listed Top 10 banks offering Bank Loans for Poultry Farming In India.
1-SBI( State Bank of India):
State Bank of India is giving Poultry Loan to the farmers at a low-interest rate.
Poultry Loan by SBI:
Features and Benefits: This loan benefits for existing and new farmers for constructing poultry shed, feed room and other equipment’s.
Eligibility: The farmers with adequate experience or training in poultry farming and with land for constructing poultry sheds are eligible for this poultry loan.
Collateral Security: For security, the person should mortgage of land on which the poultry shed, and other infrastructure are available or proposed to be constructed that should cover at least 50% of the advance.
Margin:25%.
Repayment Period: 5 years including 6 months of a grace period in bi-monthly installments.
Documents required: Duly filled an application form,
Identity proof- the person should submit a voter ID card/PAN card/Passport/Aadhaar card,/Driving License, etc.
Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
How to apply: For details, you can contact your nearest SBI branch engaged in Agricultural advance for application and further details.
Broiler Farm Loan.
Read: Planting Techniques for Profitable Farming.
Broiler Plus Loan by SBI:
This scheme from SBI provides loans for Broiler Farmers under Contract farming
Features:
This scheme provides loans for existing farmers and new farmers for contract broiler farming, constructing poultry shed and feed room, and for purchase of equipment.
Eligibility: :
-The farmers with adequate experience or training in poultry farming and with land for constructing poultry sheds are eligible for this poultry loan.
-The farmers possess the land for constructing poultry shed, and the land should be at least 500 meters away from other poultry farms, with a potable water source.
Flock Size:
The minimum flock size should be 5000 birds. And financing can be done for 10,000 and 15, 000 birds or part thereof.
Loan amount:
-Up to 75 % of the cost.
-the loan amount will be up to Rs 3 lacs for every 5000-bird farm.
-The maximum loan amount is Rs 9.00 lacs per farmer
Security: For security, the person should mortgage of land on which the poultry shed, and other infrastructure is available or proposed to be constructed that should cover at least 50% of the advance.
Repayments: Loan should be repaid within 5 years and a grace period of 6 months is provided.
How to apply: For details, you can contact your nearest SBI branch engaged in Agricultural advance for application and further details.
2-IDBI Bank:
The IDBI Bank is offering loans to all activities of poultry farming i.e. Layer farming, Broiler farming, and Hatcheries.
Poultry Loan by IDBI:
Features and Benefits: This loan benefits for existing and new farmers for constructing poultry shed, feed room and other equipment’s.
Eligibility: The applicant should have a thorough knowledge of poultry farming substantiated by training certificate/ experience certificate etc. for eligibility of poultry loan.
Collateral Security: For security, the person should mortgage of land on which the poultry shed, and other infrastructure are available or proposed to be constructed that should cover at least 50% of the advance.
Margin: N/A.
Repayment Period: 6 years.
Documents required: Duly filled in application form,
Identity proof- the person should submit a voter ID card/PAN card/Passport/Aadhaar card,/Driving License, etc.
Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
How to apply: For details, you can contact your nearest IDBI branch engaged in Agricultural advance for application and further details.
3-Federal Bank:
Top 10 Banks for Poultry Farm Loan.
Animal Husbandry Loan:
India is rich in livestock resources. For the development in this area and to give financial help for the farmers, Federal Bank offers a loan for Animal husbandry allied activities.
Features and Benefits: This loan benefits for existing and new farmers for constructing poultry shed, feed room and other equipment’s. The applicant can avail, Loan amount up to 100 % on the cost of the asset or project cost.
Eligibility: The applicant should have complete knowledge of poultry farming substantiated by training certificate/ experience certificate etc. for eligibility of poultry loan.
Collateral Security: For security, the person should mortgage of land or Third party guarantee.
Loan Amount: For the loan up to Rs.50,000 you can avail 100 % of the cost of the asset/project cost. Above Rs 50,000 – you can avail up to 85 % of the cost of the asset/project.
Margin: N/A.
Repayment Period: Longer repayment period up to 9 years
Documents required: Duly filled in application form,
Identity proof- the person should submit a Voter ID card/PAN card/Passport/Aadhaar card,/Driving License, etc.
Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
How to apply: You fill the application and submit to the nearest Federal Bank. Or can visit the nearest Federal Bank for the details.
4-Karur Vysya Bank:
Karur Vysya Bank offers Poultry Loan for the establishment of small poultry for both Layer and Broiler for Farmers and agricultural laborers.
Features and Benefits: KVB offers loans for the establishment of small poultry (layer or broiler) for farmers and agricultural laborer. KVB also offers loans for Establishment/expansion of hatchery farm.
The applicant can avail, Loan amount up to 100 % on the cost of the asset or project cost.
Eligibility: All the individual farmers, agricultural laborers with experience or certificate in poultry management, are eligible for bank credit for poultry units. The applicant should have trained / technically qualified for running the unit.
Collateral Security: For security, the person should mortgage of land or Third-party guarantee.
Loan Amount: Laon amount depends on the type and size of the poultry unit.
Margin: N/A.
Repayment Period: Longer repayment period up to 6 years.
Documents required: Duly filled in application form,
Identity proof- the person should submit a Voter ID card/PAN card/Passport/Aadhaar card,/Driving License, etc.
Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
How to apply: You fill the application and submit to the nearest KVB. Or can visit the nearest KVB for the details.
5-HDFC Bank:
HDFC Bank, the bank provides financial support for eligible clients with experience in farming cash crops, horticulture, plantations, poultry, animal husbandry, dairying, seeds, warehousing, etc.
The HDFC bank also finances the supplies for agri inputs like seeds, fertilizers, pesticides, and micro-irrigation tools.
Features and Benefits: HDFC offers loans for the establishment of small poultry (layer or broiler) for farmers and agricultural laborer. The applicant can avail, Loan amount up to 100 % on the cost of the asset or project cost.
Eligibility: All the individual farmers, agricultural laborers with experience or certificate in poultry management, are eligible for bank credit for poultry units. The applicant should have trained / technically qualified for running the unit.
Collateral Security: For security, the person should mortgage of land or Third-party guarantee.
Loan Amount: Laon amount depends on the type and size of the poultry unit.
Margin: N/A.
Repayment Period: Longer repayment period up to 5 years.
Documents required: Duly filled in application form,
Identity proof- the person should submit a Voter ID card/PAN card/Passport/Aadhaar card,/Driving License, etc.
Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
How to apply: You fill the application and submit to the nearest HDFC. Or can visit the nearest HDFC branch for the details.
6-Punjab National Bank:
PNB offers a financing scheme for poultry farmers. PNB provides loans for construction of sheds and purchase of equipment’s and also provides production loans for the purchase of day-old chicks, feed, medicines, etc.
Features and Benefits:
For subsidiary terms: PNB offers a medium-term loan for acquiring fixed assets, and offers production credit for capital requirements as Short Term Loan.
For main activity: Investment credit will be provided as a medium-term loan whereas production credit will be given either in the shape of the cash credit limit or as an integral component of investment credit.
Eligibility :
For subsidiary terms: Small farmers, landless agricultural laborer or any other persons who are planning to supplement income through poultry with an adequate land/shed to establish poultry farm are eligible for loans.
For the main activity: the concerned person should be running a poultry unit on a commercial basis. He should own land/shed to establish or extend a poultry farm.
Collateral Security: For security, the person should mortgage of land or Third-party guarantee.
Loan Amount: Laon amount depends on the type and size of the poultry unit.
Margin: N/A.
Repayment Period: the Repayment period is 18/12 months in the case of layers and broilers.
Repayment of investment loan will be over a period of 6-7 years in the case of small farmers depending upon their repaying capacity.
Documents required: Duly filled in application form,
Identity proof- the person should submit a Voter ID card/PAN card/Passport/Aadhaar card,/Driving License, etc.
Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
How to apply: You fill the application and submit to the nearest PNB. Or can visit the nearest PNB branch for the details.
7-Bank of India:
Poultry Finance By Bank of India: Bank of India provides loans for small and medium scale poultry farmers.
Features and Benefits:
BOI provides loans for the establishment of small poultry( layer or broiler) units 200 to 500 birds for farmers and agriculture laborers.
BOI provides loans for Individual registered partnership firms, limited companies and cooperative societies with trained workers and management experts for establishing/ expanding poultry farms, establishment/ expansion of hatchery farm or production cum processing units.
Eligibility: Small and Individual Farmers, Agricultural Labourers with experience/ trained in poultry management, Individual Registered Partnership Firms, Limited Companies, etc., are eligible for bank credit for large poultry units.
Collateral Security: For security, the person should mortgage of land or Third-party guarantee.
Loan Amount: Laon amount depends on the type and size of the poultry unit.
Margin: N/A.
Repayment Period: Up to 6 years
Documents required: Duly filled in application form,
Identity proof- the person should submit a Voter ID card/PAN card/Passport/Aadhaar card,/Driving License, etc.
Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
How to apply: You fill the application and submit to the nearest BOI. Or can visit the nearest BOI branch for the details.
8-Syndicate Bank:
Syndicate Bank has initiated the Animal Husbandry Scheme for supplementary and sustained stream income for small to largescale farmers.
Syndicate Bank offers Medium term Composite to farmers for subsidiary occupation.
Syndicate Bank offers loans for the Purchase of quality Animals, feeds, Equipment and machinery such as Deep freezers, etc.
This bank provides loans Establishment of Broiler and layer poultry Farms, hatchery units., Construction of poultry shed, Egg Store, Purchase of Chicks, Feeds, etc.
9- The Nainital Bank:
The Nainital Bank initiated Poultry Venture Capital Fund (Subsidy) Scheme for small scale and marginal farmers.
Poultry Venture Capital Fund (Subsidy) Scheme :
This scheme provides financial support to poultry farming activity and also provide employment opportunities in backward areas.
This scheme helps to improve the productivity of un-scientifically run units through technology up gradation.
This scheme helps to improve the quality of meat to consumers in hygienic conditions and improve hygienic sales of poultry meat.
Subsidy available through NABARD.
10-Canara Bank:
Canara Bank provides loans for Poultry and Duck Rearing.
Features and Benefits:
a) Establishing/improving layer/broiler farms and hatcheries including the purchase of chicks, feeds and medicines up to laying / marketing stage, equipment’s, feed mixing plants, construction of poultry sheds.
b) Working capital limits for the purchase of chicks, feed, medicines can be considered either as a single transaction loan or as working capital limits.
Eligibility :
-The applicant should have experience/knowledge in poultry farming/duck rearing.
-The farm should have enough accommodation for the birds proposed to be purchased.
-Good quality, adequate drinking water facilities should be available on the farm.
-The farm should be in a calm area, free from disturbances, dust, noise, etc.
-Veterinary facilities, marketing facilities should be available in nearness to the farm.
-Availability of day-old chick feeds, etc and also the facility for replacement of ducklings.
Collateral Security :
For loan up to Rs.1,00,000/- Hypothecation of assets created out of bank finance.
For loans above Rs.1,00,000/- Hypothecation of crops/assets created out of the bank
finance and Mortgage of landed properties
Loan Amount: Laon amount depends on the type and size of the poultry unit.
Margin: Loans up to Rs.1 lakh – Nil: Loans above Rs.1lakh – 15-25%
Repayment Period :
-Poultry loan granted for the purchase of chicks and feeds for layer farm should be repaid within 18 months in monthly installments.
-Loans granted for the purchase of broiler chicks and feed should be repaid within 3 – 3 1/2 months or soon after marketing of birds whichever is earlier.
-The repayment schedule for loans granted for hatcheries, the commercial farm should be fixed according to the production programme after income generation and working out the cash flow statement.
-Composite loan for construction of poultry shed/purchase of equipment and other investments may be repaid in 7-9 years by monthly/quarterly installments inclusive of gestation period of 12 to 18 months.
Documents required: Duly filled in application form,
Identity proof- the person should submit a Voter ID card/PAN card/Passport/Aadhaar card,/Driving License, etc.
Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
How to apply:
i) Proforma invoice for the purchase of equipment, cages, birds.
ii) Plan and estimate for construction of the building.
iii) Copies of land records regarding land owned/leased, certified by concerned Revenue Authorities. However, land records need not be insisted for loans up to Rs.10000/-
That’s all folks about top 10 banks for poultry farm loan.
