Step-by-Step Guide: Getting a NABARD Loan for Your Goat Farming Business

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Goat Farming Business This is a business that has been being done all over the world for many centuries. In India, this business is being done commercially on a large scale in recent times.

Many young people and farmers want to do Goat Farming Business in a modern way, due to the increasing popularity of Goat Farming, the Government of India has also started giving loans for this business, which is known as goat farming loans, in this loan. 

HOW TO GET A LOAN FROM NABARD FOR GOAT FARMING

The government also gives subsidies, Goat farming business can also be done by that person or farmers who do not have land, goat is such a creature that efficiently survives even in that harsh environment, where no other crop is grown, Goat farming Business also makes a valuable contribution to the economically backward and weaker sections of the society in improving the economic condition.

The benefit of Goat Farming Business

• 1. The initial cost for starting Goat Farming Business is very less,
• 2. There is no need for special housing for goats,
• 3. Goat is less prone to diseases as compared to sheep and other animals,
• 4. Goat farming business can be done easily in drought-prone areas where fodder grows in very little quantity.
• 5. Women can easily do this business along with men,
• 6. Goat's milk is lighter to digest and rich in nutrients than cow's,
• 7. Low cholesterol is found in goat meat, due to which these meats like to eat it even in summer,
• 8. More goats can be reared in less area,

NABARD Loan / Loan Scheme from NABARD for Goat Farming

National banking for agriculture and rural development (NABARD) is an apex body for all matters related to policy, planning, and operation in the field of loans to farmers. 

This bank institution was set up by the Reserve Bank of India. To start goat farming, loan from banks as well as refinance facility from NABARD is available.

Farmers for getting loans from Nabard.

• 1. To take the loan for Goat Farming Business from Nabard, farmers should first inquire about the Goat farming business loan by visiting the Commercial or Cooperative, or Regional Rural Bank branch of their area.
• 2. After taking the application form from the bank, it should be filled with the help of the bank's officer or technical officer,
• 3. To start a Goat farming business a Goat farming project report should be prepared,
• 4. Goat Farming Project Report will include development of land, purchase of equipment for goat farming business, construction of goat housing, purchase of goat breeding stock, etc.,
• 5. In this project report, if you are buying land for this business, then you cannot include the amount of land purchase,
• 6. After completion of the Goat Farming Project Report, submit it to the bank and wait for any response from the bank.

Farmers have been divided into three different categories by NABARD,

• small farmers 5% 
• medium farmers  10%
• large farmers  15%

Goat Farming Loan by Nabard In this scheme, the loan is given for 5 to 6 years, the loan has to be repaid in half-yearly or annual installment, and no interest will be charged for one year from the beginning,

List of Banks offering Loan for Goat Farming

• IDBI Bank
• Canara bank
• Syndicate Bank
• SBI Bank
• Co-operative Banks
• Maharashtra Bank
• Oriental Bank of Commerce

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