1) SBI Poultry Loan – MUDRA Loan under PMMY (Allied Agri)
Important allied activities covered under Mudra Yojana
| Interest Rate | (1 yr MCLR – 8.50%) + 2.75% = 11.25% p.a. onwards |
| Nature of loan | Agriculture Term Loan |
| Loan Limit |
|
| Loan Amount | Project Cost (A) Less Margin (B) Bank Loan (A-B) |
| Margin |
|
| Collateral | Not required up to Rs. 10 lakhPrimary: Hypothecation of assets created out of the Bank Loan |
| Processing Fee | Nil up to Rs. 50,000 & 0.35% for amount from Rs. 50,000 – Rs. 10 lakh + GST |
| Moratorium | 12 Months Maximum (Should be decided because of activity Financed) |
| Interest Subvention | Not applicable |
2) PNB Poultry Loan
Scheme for Financing Poultry Farming
| Interest Rate | Depends on the applicant’s profile and business requirements |
|---|---|
| Purpose |
|
| Nature of loan | Agriculture Term Loan – Short-term & Medium-term |
| Loan Amount | Shall be need-based |
| Repayment Tenure (Production Credit) | Maximum up to 18/12 months, the gestation period of 6/3 months in case of broilers and layers |
| Repayment Tenure (Investment Credit) | 6-7 years, with gestation period of 12 months for layers and 3 months for broilers |
| Eligible entities | Under-employed people, individuals, landless agricultural laborers, small farmers, etc. |
| Unit Size Eligibility | Minimum poultry farm size should of at least 500 birds for subsidiary activity |
3) Federal Bank Poultry Loan
Broiler Poultry Farming
| Interest Rate | Depends on the applicant’s profile and business requirements (11% p.a. on Other Business Loans) |
|---|---|
| Purpose of loan | For the procurement of day-old chicks, purchase of feed, medicine, labor cost, power cost, veterinary expenses, etc. |
| Nature of loan | Agricultural Medium-Term Loan |
| Eligible Entities | Individuals, Sole proprietorships, Partnership firms, Companies & Co-operatives |
| Loan Amount |
|
| Repayment Options & Tenure | Term Loan up to 7 years & Cash Credit 12 months |
| Collateral/Security | Mortgage of land with a 10-20 % margin (Residential/Commercial Property only) |
4) Bank of India Poultry Loan
Poultry Development Scheme for financing to Poultry Sector
| Interest Rate | Depends on the applicant’s profile and business requirements |
|---|---|
| Nature of Loan | Term Loan & Working Capital Loan |
| Loan Amount |
|
| Eligible Entities | Individual, SHG/JLG groups consisting of poultry farmers, cooperative society, company or association of persons, partnership firms, proprietorship concerns/FPOs/FPCs, Pvt. Ltd. firms. |
5) Canara Bank Poultry Loan
Loan for Poultry & Duck Rearing
| Interest Rate | Depends on the applicant’s profile and business requirements |
|---|---|
| Purpose |
|
| Margin | Up to Rs 1.60 lakhs – NIL, Above Rs 1.60 lakhs – 15-25% |
| Collateral/Security |
|
6) Bank of Baroda Poultry Loan
Financing Development of Dairy, Poultry, Fishery, etc.
| Nature of Loan | Term Loan and Cash Credit |
|---|---|
| Interest Rate | Up to Rs. 3 Lakh
Limit Rs. 25 Lakh and above
|
| Purpose of loan | Funding for the establishment of units engaged in poultry, dairy, piggery, sericulture, and many more sectors |
| Eligible Entities | Individuals or groups including small and marginal farmers and agricultural laborers engaged in agriculture and allied activities |
| Processing Fees | Aggregate Agriculture exposure of Rs. 3.00 Lakhs- NilFor Working Capital (Fresh/Review)
For Term Loan: Above Rs 3 Lakhs – 1 % of the limit sanctioned with a maximum of Rs 100 lakhs |
| Margin | Upto Rs. 1.00 Lakhs – Nil Over Rs. 1.00 Lakhs – 15 % |
| Repayment Tenure |
|
| Inspection Charges | Nil for Aggregate Loan up to Rs 3.00 Lakh |
Note: All the above and below-mentioned interest rates, fees, and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.
Poultry Farm loans can also be availed under various Govt. initiated loan schemes, such as NABARD, start-Up India, MUDRA under PMMY, PSB loans in 59 minutes, and other business loans types that include MSME loans, working capital loans, startup loans, etc. Applicants can apply business loan from private and public sector banks or NBFCs to start a poultry farming business.
