Loans For Animal Husbandry


Animal husbandry loans are a great help for farmers who want to improve or start their livestock farming projects. Farmers can use the funds to buy livestock, upgrade infrastructure like barns or shelters, purchase necessary equipment, and ensure the health and well-being of their animals through veterinary care.

These loans offer flexible repayment terms and competitive interest rates, helping farmers manage their finances effectively. With animal husbandry loans, farmers can expand operations, increase productivity, and boost long-term profitability.

Animal husbandry loans promote sustainable agriculture by supporting livestock farming. Explore the possibilities for growth and success with loans for dairy, poultry, goat farming, fisheries & other cattle farming purposes.

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Loans For Animal Husbandry Interest Rates

In India, interest rates for animal husbandry loans vary based on factors like the lending institution, loan amount, and borrower's credit profile. Typically, these loans offer competitive rates between 10% to 15% for farmers to finance their livestock farming projects.

Lender Type Interest Rate
Commercial Banks Up to 15%
Government Schemes 3% onwards
Note: These rates are indicative and subject to change. Always check with the bank for the most up-to-date information before making any investment decisions.

Eligibility Criteria For Animal Husbandry Loans

The specific eligibility criteria vary depending on the lender and scheme, here's a general overview of what you might encounter:

  • Indian citizen with a valid ID proof and address proof.
  • Minimum age requirement (usually 18 years or above).
  • Clean credit history (no significant defaults or outstanding debts).
  • Land ownership or valid lease agreement (if required by the lender).
  • Experience in animal husbandry or relevant training/qualification (preferred by some lenders).

Documents Required For Animal Husbandry Loan

While the exact documents required for an animal husbandry loan can vary depending on the specific lender and scheme, here's a general overview of what you might need:

  • Identity Proof: Aadhaar Card, PAN Card, Voter ID, Passport (any one)
  • Address Proof: Electricity bill, phone bill, ration card, bank statement (any one)
  • Age Proof: Aadhaar Card, PAN Card, Birth Certificate (any one)
  • Passport-size photographs
  • Land ownership documents: Sale deed, title deed, land tax receipts
  • Animal ownership documents: Purchase receipts, vaccination records, breed certificates (if relevant)
  • Government approvals/licences: Necessary permits or licences specific to your animal husbandry activity (e.g., dairy licence)
  • Co-applicant documents: If applicable, similar documents for co-applicants or guarantors

EMI Calculator For Animal Husbandry Loans

EMI Calculator for Animal Husbandry Loans, a valuable tool designed to help farmers estimate their Equated Monthly Instalments (EMIs) for financing their livestock farming projects.

By inputting loan amount, interest rate, and tenure, farmers can quickly determine their repayment obligations, enabling informed financial planning and decision-making.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

This user-friendly calculator simplifies the loan assessment process, empowering farmers to manage their finances effectively and ensure the success of their animal husbandry ventures.


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Types of Animal Husbandry Loan Schemes

Types of Animal Husbandry Loan Schemes in India include government and commercial options, making it easier for individuals to start their animal husbandry ventures.

Animal Husbandry Infrastructure Development Fund (AHIDF)

Features:

  • Offers interest subsidies ranging from 3% to 5% on loans taken for infrastructure development like sheds, feed storage units, and equipment.
  • Eligibility: Individual entrepreneurs, farmer producer organisations (FPOs), cooperatives, private companies, and MSME units involved in animal husbandry activities.
  • Loan limit: Varies depending on the project cost and purpose.

Dairy Processing and Infrastructure Development Fund (DIDF)

Features:

  • Provides subsidised loans with 3% to 5% interest concession for establishing or upgrading dairy processing units like chilling plants, milk pasteurisation units, and cheese factories.
  • Eligibility: Individuals, cooperatives, farmer producer organisations (FPOs), private companies, and MSME units involved in dairy processing activities.
  • Loan limit: Varies depending on the project cost and purpose.

National Livestock Mission (NLM)

Features:

  • Offers various sub-schemes to support breed improvement, fodder development, disease control, and market access for livestock farmers.
  • Provides financial assistance for activities like setting up breeding farms, purchasing quality breeding stock, establishing fodder banks, and setting up veterinary units.
  • Eligibility: Individual farmers, cooperatives, and farmer producer organisations (FPOs) involved in various livestock activities.
  • Loan limit and subsidy rates vary depending on the sub-scheme.

Rashtriya Gokul Mission (RGM)

Features:

  • Specifically focuses on the conservation and development of indigenous cattle breeds.
  • Provides financial assistance for setting up gaushalas (cow shelters), purchasing breeding stock, and establishing fodder banks for indigenous cattle.
  • Eligibility: Individual farmers, gaushalas, and farmer producer organisations (FPOs) involved in breeding and rearing indigenous cattle breeds.
  • Loan limit and subsidy rates vary depending on the scheme component.

Cent Animal Husbandry Infra Scheme

The Cent Animal Husbandry Infra Scheme is a loan scheme offered by the Central Bank of India specifically designed to cater to the infrastructure needs of individuals and entities involved in animal husbandry activities.

Features:

  • The scheme provides financial assistance for establishing or expanding infrastructure related to various animal husbandry activities like dairy, poultry, piggery, goat farming, sheep farming, and fisheries.
  • Some eligible infrastructure investments include construction/ renovation of sheds, purchase of milking machines, feed storage facilities, water supply systems, and veterinary equipment.
  • Eligibility: The scheme is open to individual entrepreneurs, private companies, MSMEs, farmer-producer organisations (FPOs), and Section 8 companies engaged in animal husbandry activities.
  • Loan Amount: The maximum loan amount varies depending on the type of infrastructure, project viability, and the borrower's repaying capacity.
  • Interest Rate: The interest rate offered is 3% per annum for all eligible entities and loan amounts.
  • Repayment: The loan repayment period can be up to 8 years, with a maximum moratorium period of 2 years.

Comparing Animal Husbandry Loan Providers

To be a successful in a husbandry venture, finding the right financial support can be overwhelming with numerous loan providers and options available. The table provided below talks about the different providers offering animal husbandry loans:

Banks Margin/ Loan Amount Tenure
Federal Bank Up to 75% of project cost Up to 84 months
Central Bank of India 10% to 25% Up to 8 years
Bank of Baroda Up to 10% As per bank
Indian Bank Up to 25% of project cost Up to 72 months
Canara Bank 15 -25% margin Up to 84 months
Note- These rates are indicative and subject to change. Always check with the bank for the most up-to-date information before making any investment decisions.

Tips For a Successful Animal Husbandry Loan Application

Seeking a loan to acquire infrastructure, and grow your animal husbandry business can be tough due to the long and complicated application process. Here are some key tips to boost your chances of securing a successful animal husbandry loan application:

  • Prepare a Detailed Business Plan: Present a comprehensive business plan outlining your livestock farming project, including objectives, financial projections, and market analysis.
  • Seek Professional Advice: Consult with financial advisors or agricultural experts to ensure your loan application is well-prepared and meets industry standards.
  • Be Transparent: Provide accurate information and be transparent about your financial situation and project details to build trust with lenders.
  • Communicate Effectively: Maintain open communication with the lender throughout the application process, addressing any queries promptly and providing requested updates.
  • Follow Up: After submitting your application, follow up with the lender to track its progress and address any additional requirements or concerns promptly.

Steps to Apply for a Business Loan

You can avail a business loan as per your need for a dairy farm or other animal husbandry purposes. Buddy Loan provides you with a pool of RBI approved lenders, providing business loans of upto 50 lakhs.

Check the steps below and apply for a loan now!

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the business loan application page. Enter your mobile number and OTP.
  • Step 3: Specify the desired loan amount and email. Next, choose the Business Loan option.
  • Step 4: Choose if you have a Business Proof (Yes/ No)
    • If ‘Yes’ (If you have a business proof), enter your business and personal details.
      Or
    • If ‘No’ (If you do not have a business proof), choose the profession type and enter your personal details.
  • Step 5: Provide income details and Click the ‘Submit’ button.

Apply for a business loan now!

Frequently Asked Questions

An Animal Husbandry Loan provides financial support for raising various animals (not just dairy), covering costs like buying animals, building infrastructure, and ongoing operational expenses. It generally works like any other loan, requiring repayment with interest over a set period.

Eligibility for Animal Husbandry Loans can vary, but generally includes individuals, businesses, and organisations involved in raising animals, often requiring land ownership, relevant experience, and a sound business plan.

Animal husbandry loans typically cover a wide variety of animals, including dairy cows, poultry, swine, goats, sheep, fish and shellfish (aquaculture), honey bees, rabbits, and more. However, specific offerings can vary depending on the lender's criteria.

Applying for an animal husbandry loan involves researching options, preparing documentation, and submitting your application to chosen lenders, either online or in person. Remember to consider government schemes and seek expert advice if needed.

While exact requirements vary, you'll typically need personal docs (ID, proof of address), land ownership proof (if applicable), animal ownership proof (if existing), financial statements, credit history evidence, and a detailed business plan for your animal husbandry venture.

Loan amounts and tenures for animal husbandry vary vastly based on needs, lender, and financial situation, typically ranging from thousands to hundreds of thousands with repayment periods from months to years. Research specific options for the best fit.

Animal husbandry loan interest rates vary widely depending on several factors, typically ranging from 8% to 15% or even higher, with government schemes potentially offering subsidies to bring them down. Research specific lenders and consider your creditworthiness for an accurate estimate.

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