Poultry farming has emerged as a lucrative sector in India, with the increasing demand for poultry products in domestic and international markets. The Indian government has been adopting several subsidy programs to foster the development of the country’s poultry sector. Below we learn about government subsidy schemes for poultry farming, NABARD subsidy schemes for poultry farming, and top poultry farming subsidy schemes in India.
Top 5 Government Poultry Farming Subsidy Schemes in India
National Livestock Mission (NLM)
The National Livestock Mission (NLM) is a centrally sponsored scheme launched by the Government of India to promote sustainable livestock development. Under the NLM, financial assistance is provided to poultry farmers for constructing new poultry sheds, purchasing birds, and other inputs. The subsidy percentage and value under the NLM are as follows:
- Subsidy Percentage: Up to 33% of the project cost for general farmers and up to 50% for SC/ST farmers and women farmers.
- Subsidy Value: The maximum subsidy limit per beneficiary is Rs. 1 lakh for general farmers and Rs. 1.50 lakh for SC/ST farmers and women farmers.
Integrated Poultry Development Scheme (IPDS)
The Integrated Poultry Development Scheme (IPDS) is a centrally sponsored scheme implemented by the Ministry of Animal Husbandry, Dairying, and Fisheries to promote the commercial poultry sector. Under the IPDS, financial assistance is provided for establishing new commercial poultry units and expanding existing units. The subsidy percentage and value under the IPDS are as follows:
- Subsidy Percentage: Up to 25% of the project cost for general farmers and up to 33.33% for SC/ST farmers and women farmers.
- Subsidy Value: The maximum subsidy limit per beneficiary is Rs. 6 lahks for general farmers and Rs. 8 lahks for SC/ST farmers and women farmers.
Pradhan Mantri Matsya Sampada Yojana (PMMSY)
The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is a centrally sponsored scheme launched by the Government of India to promote sustainable marine and inland fisheries. Under the PMMSY, financial assistance is provided for infrastructure development and modernization of fish farms, including poultry farming. The subsidy percentage and value under the PMMSY are as follows:
- Subsidy Percentage: Up to 40% of the project cost for general farmers and up to 60% for SC/ST farmers and women farmers.
- Subsidy Value: The maximum subsidy limit per beneficiary is Rs. 20 lahks for general farmers and Rs. 30 lahks for SC/ST farmers and women farmers.
National Bank for Agriculture and Rural Development (NABARD) Scheme
The National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India that provides credit facilities to farmers for agriculture and allied activities, including poultry farming. Under the NABARD scheme, financial assistance is provided to farmers for the purchase of inputs like chicks, feeds, medicines, etc. The subsidy percentage and value under the NABARD scheme are as follows:
- Subsidy Percentage: Up to 25% of the project cost.
- Subsidy Value: The maximum subsidy limit per beneficiary is Rs. 5 lakh.
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Rural Infrastructure Development Fund (RIDF)
The Rural Infrastructure Development Fund (RIDF) is a scheme the National Bank for Agriculture and Rural Development (NABARD) implements to provide credit facilities for rural infrastructure development. Under the RIDF, farmers are provided financial assistance to construct poultry sheds and purchase birds and other inputs. The subsidy percentage and value under the RIDF are as follows:
- Subsidy Percentage: Up to 33% of the project cost.
- Subsidy Value: The maximum subsidy limit per beneficiary is Rs. 10 lakh.
Frequently Asked Questions about Government Poultry Farming Subsidy Schemes in India
Is Poultry Farming Come Under the PMEGP Scheme?
Yes, poultry farming is one of the eligible activities covered under India’s Prime Minister’s Employment Generation Programme (PMEGP) scheme. The PMEGP scheme is a credit-linked subsidy scheme launched by the Ministry of Micro, Small, and Medium Enterprises (MSMEs) in 2008 to provide financial assistance to new and existing entrepreneurs in the country.
Under this scheme, the government subsidizes up to 35% of the project cost in urban areas and up to 50% in rural areas for setting up a new enterprise. Poultry farming is included in the activities eligible for the PMEGP scheme, along with other sectors such as agriculture, food processing, and animal husbandry.
Entrepreneurs can apply for loans under the PMEGP scheme through various banks and financial institutions, and the subsidy amount is provided directly to the beneficiary’s bank account after the completion of the project. Therefore, if you are interested in setting up a poultry farming enterprise, consider applying for the PMEGP scheme to avail yourself of financial assistance and support from the government.
Can I Get a Mudra Loan for a Poultry Farm?
Yes, getting a Mudra loan for a poultry farm in India is possible. The Government of India introduced Mudra (Micro Units Development and Refinance Agency) loan scheme to provide financial assistance to small and micro enterprises, including poultry farms, to help them start or expand their business. Mudra loans are available under three categories: Shishu, Kishor, and Tarun, based on the loan amount the borrower requires.
Poultry farming is a popular business venture in India. With the help of a Mudra loan, individuals can set up their poultry farm and purchase birds, feed, equipment, and other necessary supplies to start their business. However, to be eligible for a Mudra loan, one needs to fulfill certain criteria, such as having a solid business plan, good credit history, and a viable source of income to repay the loan. It is important to carefully study the terms and conditions of the Mudra loan scheme and choose the right category and loan amount that suits your needs and financial capability.
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Conclusion
In conclusion, the Government of India’s poultry farming subsidy schemes has played a vital role in promoting the growth and development of the poultry industry in the country. These schemes have provided financial assistance to small and marginal farmers to help them set up their own poultry farms and improve their livelihoods.
The government’s efforts have led to increased production and supply of poultry products, which has helped to meet the growing demand for poultry in the country. While there are some challenges and limitations to these schemes, such as lack of awareness and bureaucratic hurdles, overall, they have successfully promoted the growth of the poultry industry in India and contributed to the socio-economic development of rural areas.
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