Goat Farming Loan

Goat farming is a profitable business avenue with the scope for long-term growth. It is a popular option since goats provide milk, meat and skin. To start a goat farming business, you need considerable funds to meet various working capital needs, such as. 

• Purchase land for the business 

• Purchase livestock 

• Feed the livestock 

• Construction of sheds 

Here are some of the salient features and advantages of getting a goat farming loan: 

• You can utilise the loan for purchasing land, fodder, goats, constructing sheds, etc.

• A goat farming loan is a kind of farm credit facility

• You can repay the loan conveniently within 60 months, i.e., 5 years

• Financial institutions allow you to renew the loan annually

• Various leading financial institutions provide goat farming loans

• Some financial institutions offer insurance with goat farming loans

• You can repay the goat farming loan amount through Equated Monthly Instalments (EMIs)

Goat farming or goat rearing comes under the category of agriculture. Therefore, the Micro Units Development and Refinance Agency (MUDRA) does not provide goat farming loans. 

However, the state and central government of India have launched various schemes and subsidies for goat farming. You can get a goat farming loan under the National Bank for Agriculture and Rural Development (NABARD).

Here are some important points about the goat farming loan from NABARD:

• Borrowers falling below the poverty line get a 33% subsidy on goat-rearing

• Borrowers of the SC/ST category get a 33% subsidy on goat farming 

• Borrowers of the OBC and the general category get a 25% subsidy of up to ₹2.5 Lakhs

The loans under such a scheme are available only for select applicants, who meet the criteria. However, if you do not meet those requirements, you can also apply for working capital loans from banks and non-banking financial institutions (NBFCs). 

On Bajaj Markets, you can choose from a number of affordable loan options from top lenders. This allows you to easily compare various options and choose one that suits your affordability and preferences. You can also apply online with minimal documentation and enjoy quick processing of your application.