Poultry farming is a fast-growing division of the agricultural sector. As such, generous investments are directed towards poultry farms' rearing, breeding, and hatching processes. These developments aren't a surprise as the poultry farm business has effectively contributed towards an astonishing ₹26,000 Crores to the national income. Given this amazing growth opportunity, the government is making several provisions to enhance further development in the industry. However, it is imperative to chart out a sturdy business plan when starting a poultry farm business.
The poultry farm business is abundant in terms of the benefits it offers, which makes it a popular choice of investment among farmers:
Doesn’t require a very big space
Capital investment required is less as compared to other types of farming
High/constant market demand for poultry
A continuous source of income
Increases employment opportunity
No need for a license
Here are the important steps that you must follow to ensure the successful start of your poultry business:
Figure out the Produce: Your poultry business can cater to many different requirements, i.e., meat processing, chicken breeding, broiler chicken, or egg processing. Pick one or more, depending on how it suits your business plans best. You must choose the birds to breed based on the sector you want to serve. ‘Broilers’ are bred for meat processing, whereas ‘layers’ are bred for the production of eggs.
Finalise the Location: The location is an important aspect to consider when starting a poultry farm. Pick an appropriate place for your farmland as this is where you will be operating and managing your business. You’ll also have to consider logistics when finalising the location.
Title the Business: Name the business and register the same as per the regulated laws laid down in your state.
Generate Funds for Capital: As with every business, starting a poultry farm also requires funds to meet the working capital requirements. This includes purchasing equipment, raw material, managing salaries, and more. You can turn to the affordable business loans available at Bajaj Markets for this.
Marketing & Advertising the Business: Marketing and advertising play a key role in making your business known. Include in-depth details of all your marketing and advertising strategies in your business plan.
Find the Target Audience: The target audience is the ultimate consumer of your product. Your target audience will include shop vendors, restaurants, wholesale markets, retailers, etc.
Here is a list of equipment required for a poultry farm business:
Back-up power sources
Hatching egg trays
Nipple and manual drinker
Basic water and sanitation infrastructure
A poultry farm business does not demand excessive capital. Typically, the amount required to start this business ranges between ₹25,000 to ₹1.5 Lakh. If the poultry farm is to be started on a large scale, then the expenses can go up to ₹7 Lakh. At Bajaj Markets, you can avail of a business loan that suits your needs. The loan eases your financial burden and allows you to start your business without using your accumulated savings or liquidating investments. Below we have explained simple steps to apply for a business loan for poultry farming at Bajaj Markets.
Visit the Bajaj Markets official website and navigate to the business loan page.
Check the business loan eligibility criteria.
Fill up the online application form for a business loan with your details such as your name, age, income, and more. You must also furnish details about the loan amount required, loan tenor, and current city.
Submit your application with all the relevant documents to complete the process.
Once the loan application is verified and approved, you will receive the funds in your bank account within 24 hours.
Here are the documents that you must keep handy when starting a poultry farm business:
Well-structured business plan
Identity Proofs like Aadhaar/PAN card
Company incorporation certificate
Bank statements for the last 6 to 12 months
Poultry farming is an activity that involves rearing birds for their meat and eggs and is a widely famous business venture.
You would need between ₹25,000 to ₹7 lakh. The cost may differ depending on the scale of your business.