loan for goat farming

 You can get a goat farming loan from banks (commercial, cooperative, rural) with refinancing from NABARD, often with government subsidies for eligible farmers (marginal, small, landless) through schemes like the National Livestock Mission or Mudra Yojana, covering unit costs for sheds, animals, and equipment, with processes involving detailed project reports, bank applications, and technical approvals, requiring documents like ID, address proof, and business plans.  

Types of Assistance & Schemes
  • Bank Loans: Available from commercial, cooperative, and Regional Rural Banks (RRBs) for setup and working capital. 
  • NABARD Refinance: Facilitates loans for farmers through banks. 
  • Government Subsidies: Direct financial support, often 40-60% of unit cost (for SC/ST), for general and specific schemes. 
  • National Livestock Mission (NLM): Supports entrepreneurs in goat farming with subsidies and technical assistance. 
  • Mudra Yojana (PMMY): Offers small, collateral-free loans for livestock businesses. 
  • State-Level Schemes: Many states offer interest subsidies and tailored financing. 
How to Apply (General Steps)
  1. Contact Banks/Departments: Visit local commercial/cooperative banks or the Animal Husbandry Dept. 
  2. Prepare a Project Report: Detail costs (sheds, goats, feed, equipment), income, and viability. 
  3. Fill Application: Complete the bank's application form. 
  4. Submit Documents: Provide ID (Aadhaar, Voter ID), address proof, income proof, land records, and business plan. 
  5. Approval: Bank reviews the project; a technical officer might inspect the farm. 
  6. Sanction & Release: Loan/subsidy is released upon approval, often directly to the bank. 
Key Requirements & Details
  • Eligibility: Landless laborers, small/marginal farmers, women, SC/ST individuals often prioritized. 
  • Experience: Relevant training or experience in goat husbandry is beneficial. 
  • Credit Score: A good CIBIL score (e.g., 700+) helps. 
  • Project Cost: Loans cover a significant portion, but borrowers often contribute 15%. 
  • Loan Amount: Can range up to ₹50 Lakh depending on scale; interest rates around 7-10%.