Earn Maximum Profits- Get Subsidy of Rs 30 Lakh on Poultry Farming, Apply Now and Avail Major Benefits

Poultry farming has emerged as a profitable business. The profitability of poultry farming primarily stems from two revenue streams which consist of egg production and meat sales. The high demand for chicken in the market has led poultry farms to become an exceptionally profitable market.

In a significant development, the government has introduced a subsidy program, offering financial assistance of up to Rs 30 lakh to individuals interested in poultry farming. The subsidy application process is currently open, allowing prospective poultry farmers to apply for this government grant.

Those eager to avail themselves of this generous Rs 30 lakh subsidy for poultry farm establishment must submit their applications by September 15, 2023. This initiative aims to boost the poultry farming sector and promote entrepreneurship in this industry.

Subsidy Amount to be Offered

• The government is offering subsidies for the establishment of farms with capacities of 10,000 and 5,000-layer chickens.

• Eligible farmers can avail a substantial subsidy ranging from 30% to 40%.

• This subsidy program is inclusive and extends to farmers from all categories.

• Additionally, farmers can benefit from a 50% subsidy on the interest accrued on bank loans.

Subsidy for General Category Poultry Farming

• The Animal Husbandry Department has established the per unit cost for 10,000 layer hen capacity, including the feed mill, at Rs 1 crore.

• General category farmers are eligible for a subsidy amounting to 30% of this cost, which translates to a maximum subsidy of Rs 30,000.

• Additionally, a 50% subsidy on loan interest for four years is available.

• For those opting for 5,000 layer poultry, the unit cost has been set at Rs 48.50 lakh. This results in a subsidy of 30% of the cost, equivalent to Rs 14.55 lakh.

• Similarly, a 50% interest subsidy on bank loans for four years is applicable.

Subsidy for Other Category Poultry Farming

• The Animal Husbandry Department has established a unit cost of Rs 1 crore for poultry farming, covering 10,000 layers of poultry capacity and a feed mill.

• This applies to farmers in other categories, including Scheduled Caste, Tribe, and Extremely Backward Class farmers.

• Beneficiaries in this category are eligible for a 40% subsidy of the cost, with a maximum limit of Rs 40 lakh.

• Furthermore, a 50% subsidy on interest incurred on bank loans over four years is provided.

• For those engaged in rearing 5,000-layer poultry, the unit cost has been fixed at Rs 48.50 lakh. This equates to a 40% subsidy on the cost, up to a maximum of Rs 19.40 lakh.

• Similarly, a 50% interest subsidy on bank loans for four years is applicable.

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Bank Selection for Subsidy Allocation

The State Bank of India is the designated financial institution for providing loans for poultry farming. This bank extends loans covering up to 75% of the total poultry farm cost. To avail of this financial support, individuals must prepare a project proposal and submit it to the bank for evaluation. For instance, if someone presents a project with a total worth of Rs 1 crore, they can secure a maximum loan of Rs 75 lakh from the bank.

Application Process

• Individuals in Bihar interested in participating in the Integrated Poultry Farming Scheme can initiate the application process.

• The first step involves online registration, which can be completed on the official website of the Animal Husbandry Department at state.bihar.gov.in/ahd/.

• During the registration, applicants have the option to use their Aadhaar number or voter card number for identification.

• It is crucial to ensure that all the necessary documents are uploaded online during the registration process.

• Additionally, applicants should secure copies of these essential scanned documents for their records.

Required Documents for Poultry Farm Application

When applying for a poultry farm, individuals will need to provide several essential documents, including:-

• A photocopy of the applicant's Aadhaar card.

• A passport-sized photograph of the applicant.

• The applicant's caste certificate (mandatory for SC/ST applicants).

• The residential certificate of the applicant.

• A copy of the applicant's PAN card.

• Bank account details of the applicant, along with a copy of the bank passbook.

• Documents related to the applicant's land, including land documents, a site map, and photocopies of lease/private/ancestral land details.

• A photocopy of the desired amount paid during the application process.

• Proof of completion of Poultry Farming Training in the form of a certificate.

Also Read:- Farmers Can Get 40% Subsidy- Avail 80,000 Rs on Buying Two Cows, Apply Now!

Conclusion

The Integrated Poultry Farming Scheme in Bihar offers significant opportunities for individuals interested in poultry farming. With the provision of substantial subsidies and support, the government aims to promote and enhance this vital sector. To participate in this scheme, applicants must adhere to the specified application process, ensuring that all required documents are in order. The initiative aims to empower poultry farmers and contribute to the growth of the agricultural sector in Bihar.

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