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 is a list of equipment required for a poultry farm business:
Automated feeders
Vaccinator
Electrical heaters
Back-up power sources
Infrared bulbs
Hatching egg trays
Nestboxes
Water heaters
Water filters
Reflectors
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:
Passport-size photographs
Well-structured business plan
Identity Proofs like Aadhaar/PAN card
Company incorporation certificate
Bank statements for the last 6 to 12 months
Farmland documents
Business licenses/permits
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.