Introduction: Hello livestock farmers, are you planning for pig farming business subsidy and loan in India? Well, here some information for you. Pig Farming is popular nowadays. Because of the more Profits in Pig Production are high hence many of them are showing interest. The demand for Porkmeat among the people is increasing day by day when we compare with the past days. Adequate investment is necessary to gain high margins of profits in Pig Farming. In our previous post, we have given information on Pig Farming Profits.
A guide to Pig Farming Subsidy and Loan in India
But it is not that easy to start Pig Farming and get the profits. It requires a lot of investment. Hence one needs to have the funds from banks and the rest from the government. Banks in India provide loans and subsidies for Pig Production business. While many farmers and individuals who are below poverty line or SC or ST or above poverty line are unaware of various loans and subsidies for Piggery Production.Hence we have come up with NABARD subsidies, loans and Government Schemes for Pig Farming. Furthermore, in this post you will get to know about loans and government schemes for Pig Farming business.
About Pig Farming Business
Pig farming is a profitable business where many people with low income can opt this to earn money. However, to make it a successful and sustainable one, you need to require sufficient knowledge of how to efficiently raise the pigs/piglets, good management skills, and a good proper piggery business plan. This blog will explain you how to start the piggery farming business, and will guide you accordingly.
Pig farming is the most profitable business in India which provides income for millions of people, but there are some essential things you need to do before you venture into the piggery business. First select the farm size of pig farming business project i.e. the number of sows you want to keep; location of the pig farming business e.g. a piggery farm, and your target market. These choices can be done based on the amount of capital you have, and the size of your target market.If you do not have a huge capital, you can always start a small or grow your piggery business overtime slowly. You also need to work out on market research like who are you going to sell the pigs/porkers to? At what price? etc. and prepare a piggery business plan before you start the pig farming business.
You should not miss the Quail Farming Business Plan.
Management and Labour for a Pig Farm
The number of employees required for pig farming business will depend on the size of your project. You will need pig keepers who will be responsible for feeding the pigs, cleaning and disinfecting the pig housings, washing the pigs and other duties. It is better to hire a finance and marketing team, depending on the size of your pig production business. Your pig farming project proposal should take into account the salary costs for all the people you are going to employ.
Commercial Pig Farming Subsidies and Loans in India
Below are schemes and subsidies for Pig Production. In addition, NABARD and SBI loans for Piggery Production are also there.
EDEG (Entrepreneurship Development and Employment Generation)
EDEG scheme is for Pigs development is a Government scheme to encourage Pig Farming in India and the detailed information regarding this scheme is described below.
Objectives of this Scheme
The major objectives of EDEG are-To encourage enthusiastic farmers, start-up entrepreneurs for better incomes.Supply and production of evolved germplasm within the country.Increase the employment opportunities.To popularize advanced techniques.In order to create a continuous supply chain for Pork industries and bacon factories.Improve value addition for better margins.
Eligibility Criteria for EDEG Scheme
Below qualifications are necessary to eligible for applying the scheme- Individuals, Farmers, Enthusiastic entrepreneurs, Rural Self Help Groups (SHG s), Non-Government Organisations (NGO s), and Organized and Unorganized sector groups.
Pig Farming Subsidy Allowance
The subsidy provided for Below Poverty Line / SC / ST is 33.33% and the credit provided is 56.67%. The marginal money provided in share of beneficiary is 10%. The subsidy provided for Above Poverty Line is 25% and the credit provided is 65% and the marginal money share of beneficiary is 10%.
The various subsidy levels for Pig Farming for Commercial rearing units with 3 sows and 1 Boar) is 25% and the ceiling of subsidy is Rs.25,000. The subsidy level for Pig Breeding Farms with 20 sows and 4 Boars is 25% and the Ceiling of subsidy is Rs.2,00,000. The subsidy level for Retail Pork Outlets with facility for chilling centres is 25% for Ceiling of subsidy is Rs.3,00,000.
You may also like the Goat Farming Business for Beginners.
NABARD subsidy for Pig Farm in India
NABARD gives loans and subsidies under National Livestock Mission (NLM). In addition, under this NLM the eligible farmers and individuals can get subsidies for Commercial Pig Farming in India. Furthermore, you have to visit the nearest Bank to get the grant from NLS subsidy. You can also visit the Government Animal Husbandry Office located in your area with your project proposal.
SBI (State Bank of India) Loan for Pig Farming
Under Animal Husbandry Programme, State Bank of India provides loans for the eligible individuals to start Pig Farming. Visit with a project proposal for easy granting of the loan.
Capital required for a Pig Farming Business in India
Starting a pig farming business is capital intensive. The capital required for constructing the pig housings, purchasing the breeding stock, purchasing stock feeds and other costs associated with running a pig farming business. The amount of capital you need for your pig farming business will depend on the size of your piggery farming project. Your piggery business plan should clearly outline the money required to start and operate a pig production business. Here are the average estimations to start a pig farming business-
Costs for equipment –Rs. 30,000
Costs for Pigs (20 sows and 1 boar) – Rs. 1,00,000
Costs involved in constructing a shed – Rs. 1,50,000
Costs involved in medicines and vaccinations – Rs. 20,000
Costs involved for feed – Rs. 1,50,000
Labour charges – Rs. 20,000
Costs involved in Water Management – Rs. 50,000
Other costs – Rs. 20,000
Total Costs involved to start a medium scale pig farm is Rs. 5,90,000 approximately.
This is the complete list of Commercial Pig Farming Subsidies and Loans. There are many more subsidies that the Government is providing. While you can visit the nearest KVKs and Animal husbandry office to know more about them.
That’s all folks about Pig Farming Subsidy and Loan in India. You may be interested in Pig Farm with Fish Farm.