Poultry Farm Loan Yojana 2024: If you are a farmer and want to do poultry farm work along with farming, but you do not have enough money available, then do not worry. Today we have brought information about such a scheme for you through which you can open a poultry farm. Let us tell you that the government is giving loans for opening poultry farms. If you also want to get more information about this, then stay with us. Here we are providing you all the information about Poultry Farm Loan Yojana 2024.
A loan of 9 lakhs will be provided under the scheme
Under the Poultry Farm Loan Scheme 2024, you can be provided a loan of up to Rs 9 lakh which will be enough to set up a poultry farming business. Citizens who are not able to start this business due to their financial condition not being right can start it by taking a loan. If you are interested in taking a poultry farm loan, then let us tell you that the government will also provide a subsidy of 25% to 33% on this loan.
What will be the interest rate in Poultry Farm Loan Scheme 2024?
Before taking a poultry farm loan, you should be aware of the interest rate applicable to the loan. In such a situation, let us tell you that different interest rates can be applied to this loan in public banks. The initial interest rate of this loan in SBI is 10.75%, while in other banks it can be less or more. At the same time, subsidy is also given on the loan which has been fixed differently for different sections. Under this scheme, 25% subsidy is provided to the beneficiaries coming from the general category, and up to 33% subsidy is provided to the citizens of the Scheduled Caste and Scheduled Tribe category.
In how much time can the poultry farm loan be repaid?
The repayment period of the loan given for a poultry farm is from 3 years to 5 years. That is, you can take this loan for a maximum of 5 years. On the other hand, if the financial condition of a person is very weak and he is unable to repay the loan on time, then in this situation he is also given 6 months of relief or additional time for loan repayment.
Eligibility required for the scheme
- To avail of the benefits of the scheme, you must be a permanent resident of the area where you live.
- This loan will be for setting up a poultry farm.
- Citizens living below the poverty line will be able to take loans under this scheme.
- The applicant should have sufficient land and proper arrangements for poultry farming.
Documents required to avail of the scheme
- Aadhar Card
- Income Certificate
- Residence Certificate
- Cast Certificate
- Bank Passbook
- Permit to open a poultry farm
- Project Report
- Certificate regarding information about birds
- Sufficient space to open a poultry farm
How to apply under the scheme
- First of all, you have to go to the nearest branch of your SBI Bank.
- After going there, you will be provided with all the information related to the scheme by the bank representative and the application form for the scheme will be given.
- After getting the application form, you have to carefully enter the complete information regarding the poultry farm. After this, all the related documents have to be attached with the application form.
- Now you have to submit your application form to the bank branch.
- Your application will be reviewed by the bank officer.
- If everything is found correct then your application will be approved and you will get the loan.