Compare & Choose from the Best Business Loan Offers 
Poultry Farm loan is a type of business loan or working capital loan offered by various private and public sector banks to individuals, MSMEs, and business owners in rural or urban areas across the nation. Poultry loans are offered at competitive interest rates with flexible repayment options from several financial institutions.
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Comparison of Interest Rates on Business Loans Offered by Top Banks/NBFCs
| Bank/NBFCs | Interest Rate | |
| HDFC Bank | 10.00% – 22.50% p.a. | Apply Now |
| FlexiLoans | 1% per month onwards | Apply Now |
| ZipLoan | 1% – 1.5% per month (Flat ROI) | Apply Now |
| Axis Bank | 14.25% – 18.50% p.a. | Apply Now |
| IDFC First Bank | 14.50% onwards | Apply Now |
| Kotak Mahindra Bank | 16% – 19.99% | Apply Now |
| Fullerton Finance | 17% – 21% | Apply Now |
| Bajaj Finserv | 17% p.a. onwards | Apply Now |
| RBL Bank | 17.50% – 25% p.a. | Apply Now |
| ICICI Bank | 18% onwards | Apply Now |
| Indifi Finance | 1.5% per month onwards | Apply Now |
| Lendingkart Finance | 1.5% – 2% per month | Apply Now |
| Tata Capital Finance | 19% p.a. onwards | Apply Now |
| NeoGrowth Finance | 19% – 24% p.a. | Apply Now |
| Hero FinCorp | Up to 26% p.a. | Apply Now |
Poultry Farm Loans from Top Banks – September 2022
SBI Poultry Loan – MUDRA Loan under PMMY (Allied Agri)
Important allied activities covered under Mudra Yojana
- Poultry/Dairy/Fisheries
- Goat /Sheep/ Piggery rearing
- Bee Keeping
- Agri Clinic and Agri-Business Centers
- Others (promote livelihood and income generation), etc.
| Interest Rate | 9.85% p.a. onwards |
| Nature of loan | Agriculture Term Loan |
| Loan Amount | Max. up to Rs. 10 lakh |
| Repayment Tenure | From 3 years to 5 years |
| Collateral | Not required |
| Processing Fee | Nil up to Rs. 50,000 & 0.50% for amount from Rs. 50,000 – Rs. 5 lakh |
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PNB Poultry Loan
| Interest Rate | Depends on the applicant’s profile and business requirements |
| Nature of loan | Agriculture Term Loan – Short-term & Medium-term |
| Loan Amount | Shall be need-based |
| Repayment Tenure (Short-term) | Maximum up to 8-12 months, the gestation period of 6-3 months |
| Repayment Tenure (Long-term) | Maximum up to 7 years |
| 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 |
Federal Bank Poultry Loan
| Interest Rate | Depends on the applicant’s profile and business requirements |
| 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 proprietorship, Partnership firms, Companies & Co-operatives |
| Loan Amount | Min. Rs. 1,50,000 wherein minimum flock size should be 500 birds per batch |
| Repayment Options & Tenure | Monthly or Quarterly and maximum up to 7 years |
| Collateral | Mortgage of land with 10-20 % margin |
Bank of India Poultry Loan
| Interest Rate | Depends on the applicant’s profile and business requirements |
| Purpose of loan | For the establishment of small poultry (layer or broiler) units of 200 to 500 birds per batch |
| Eligible Entities | Individual Farmers, Agricultural Laborers, Partnership firms, limited companies, and registered co-operative societies |
| Loan Amount | Shall depend upon the type and size of the poultry unit |
| Collateral | Required for loan below Rs. 1 lakh and above as well |
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Canara Bank Poultry Loan
| Interest Rate | Depends on the applicant’s profile and business requirements |
| Purpose of loan | · For the establishment of layer/broiler farms and hatcheries · For the purchase of chicks, feeds, and medicine · For buying equipment, feed mixing plants · For the construction of poultry sheds |
| Repayment Tenure | Maximum up to 9 years |
| Margin | Loans up to Rs. 1 lakh – Nil Loans above Rs. 1 lakh – 15-25% |
| Collateral | Required for loan below Rs. 1 lakh and above as well |
Bank of Baroda Poultry Loan
| Interest Rate | Depends on the applicant’s profile and business requirements |
| 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 |
| Nature of Loan | Term Loan and Cash Credit |
| Repayment Tenure | For Term, loan is from 3 years to 7 years For Cash Credit is 12 months with an annual review |
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 avail generic business loans from private and public sector banks or NBFCs to start a poultry farming business.
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Documents Required for Loan Application
- Duly filled poultry farm application form with passport-sized photographs
- Identity, Age, Address, Income Proofs of applicant, co-applicant
- Certificate of incorporation
- Business PAN card
- Poultry Farm Business Permit
- The permit from Animal Care Standards
- Invoice for purchase of equipment, cages, birds
- Plan and estimate for construction of the building
- Copies of land records regarding land owned/leased, certified by concerned Revenue Authorities
- Insurance Policy
- Any additional document required by the bank
FAQs
Q. What Government schemes are available for broiler farming?
Ans. The Government schemes that are available for broiler farming include National Bank for Agriculture and Rural Development (NABARD), Poultry Venture Capital Fund (PVCF), etc.
Q. How much loan can I get for poultry farming?
Ans. The loan amount offered shall depend on business requirements and varies from lender to lender.
Q. Which bank gives loans for poultry farming?
Ans. There are several banks offering loans for poultry farming, such as HDFC Bank, SBI, PNB, Federal Bank, IDBI Bank, Axis Bank, Canara Bank, Bank of Baroda, Central Bank of India, Bank of India, etc.
Q. Can I get a Poultry Farm Loan without collateral or any security?
Ans. Some lender does offer poultry farm without security but most banks does require collateral or security to be deposited before taking a loan.
Also Read: How to get a loan to start a business without collateral?
Q. What is the taxability of poultry farm income?
Ans. Poultry farm income is tax-deductible under the Income Tax Act of 1961.
Q. What are the two types of businesses that can be done under poultry farming?
Ans. Layer farming and broiler poultry farming are the two types of businesses that can be performed under the Poultry Farming business.