Goat Farming Loan: 50% subsidy on goat rearing, apply now. India is a country whose economy is mostly based on agriculture and a large part of the population resides in villages. The government from time to time launches various welfare schemes for farmers so that they can get financial support and a path of development. Recently, the Rajasthan government has launched the Goat Farming Scheme, under which the government will provide a loan of up to Rs 50 lakh. For more information on how to apply for Goat Farming Loan under this scheme, read the article below.
What is Goat Farming Scheme?
The Goat Farming Scheme launched by the Rajasthan government aims to provide self-employment opportunities to animal breeders. Under this scheme, animal breeders are being provided a loan of up to Rs 50 lakh so that they can start their work in the field of goat rearing. This scheme is prevalent in different states and in some states, up to 90% subsidy is also available on the loan available for goat farming.
Objective of Goat Farming Scheme
Promoting goat farming means providing another option to farmers, which can increase their income. It is a safe and profitable business that can also generate employment opportunities. Through goat farming, animal husbandry farmers get an opportunity to earn more income, which can improve their standard of living. Apart from this, it also instills enthusiasm towards nature, as it is in harmony with the environment. Promoting goat farming can reduce the unemployment rate in the state and also boost agricultural production.
Goat Farming Scheme Subsidy
The loan provided under the Goat Farming Scheme is subsidized by the state government. This subsidy may vary in each state. For example, 50% subsidy is provided by the Rajasthan government, while the Haryana government is providing 90% subsidy. Thus, if you take a loan through this scheme, you will have to deposit 50% or 10% of the total loan amount.
Goat Farming Loan Interest Rate
The loan under Goat Farming Scheme has an interest rate of 11.6%. You do not need to mortgage any property or valuables on the loan received under this scheme.
Goat Farming Scheme Documents
Aadhaar Card
PAN Card
Income Certificate
Land Related Documents
Residence Certificate
Bank Account
How to Apply for Goat Farming Scheme?
- Go to your local veterinary center and get the Goat Farming Scheme application form from there.
- Fill in all the required information in the application form and attach all the required documents with it.
- Then submit the application form and documents to the veterinary center.
- A veterinary officer will inspect your land and goat rearing location.
- If everything goes well, the loan amount will be credited to your bank account.
You can get a loan of up to Rs 50 lakh under Rajasthan Bakri Palan Yojana through the simple process of this scheme. This loan amount is provided for a fixed time period, and there is also a provision of 50 percent subsidy by the Rajasthan government and 90% subsidy by the Haryana government.