Sheep Farming Loan

1. Union Bank of India: Finance for sheep, goat and pig rearing

The Union Bank of India offers loans to individuals looking forward to establishing or expanding their sheep farming business. The loan is repayable in semi-annual or annual installments over a maximum period of 7 years, including a 1-year moratorium period.

2. Canara Bank: Sheep and Goat rearing loan:

The Canara Bank offers loans to individuals interested in acquiring sheep that are well-suited to the local environment and build a shelter for their housing. The loan also supports purchase of goats that are appropriate for the area, either for rearing in a stall or for free grazing. This loan is repayable over 7 to 9 years, with a grace period of 12 to 18 months. Repayments will be made in half-yearly or yearly installments from the proceeds of selling the offspring in the case of sheep. And in case of goats, this loan is to be repaid within 7 to 9 years by quarterly / half yearly instalments inclusive of gestation period of 12 months to 18 months.

3. IDBI Bank: Sheep and Goat rearing loan:

The IDBI Bank offers term loans ranging from Rs.50,000 to Rs.50 lakhs to individuals, groups, shepherd co-op societies, federations, or limited companies that are experienced and actively involved in sheep and goat rearing.

4. Jammu and Kashmir Bank: Establishment of mini sheep farms in private sector:

The Jammu and Kashmir bank offers loans to individuals willing to establish mini sheep farms. This loan is designed to boost productivity of local sheep in wool and mutton production, crossbreed them with high-quality rams. Achieve the elimination of sheep with pigmentation, coarse wool, and other undesirable traits through selective breeding and rigorous culling. Enhance the economic status of sheep breeders by increasing sheep productivity, offering subsidized inputs, and ensuring fair prices for their products. Create more livelihood opportunities for small and marginal farmers, agricultural laborers, entrepreneurs, and unemployed youth.

5. Rajasthan Marudhara Gramin Bank: Goat and sheep rearing loan:

The Rajasthan Marudhara Gramin Bank also offers loans for goat and sheep rearing. The eligibility criteria for this loan are that the applicant should have sufficient knowledge of the rearing occupation.

6. Loan applications under National Bank for Agriculture and Rural Development’s (NABARD’s) scheme:

NABARD's primary aim for goat farming is to assist small and medium farmers in boosting livestock production, which will lead to greater employment opportunities.

NABARD provides goat farming loans through various financial institutions, including:

1. Commercial Banks

1. Regional Rural Banks

1. State Cooperative Agriculture and Rural Development Banks

1. State Cooperative Banks

1. Urban Banks

1. Other financial entities eligible for NABARD refinancing

Documents required to apply for goat and sheep rearing loans:

The documents required to apply for goat and sheep rearing loans vary from bank to bank. However, the below-listed are the general documents required for such loan applications:

1. Completed application form with passport-sized photographs

1. KYC documents of the applicant, including proof of identity, age, and address

1. Aadhar Card of the applicant

1. BPL card of the applicant, if available

1. Caste certificate if the applicant belongs to SC/ST or OBC categories

1. Proof of income and bank statements for the last 6 months

1. Proof of business establishment

1. Domicile certificate and original land registry papers

1. Any additional documents requested by the lender

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