Govt. Subsidy For Goat Farming in India

01 Dec 2021 03:52 PM Comment(s) By Aqgromalin Team

If you are interested in starting your own business and earning good profits but cannot invest big amounts, there is good news for you. A great business opportunity that gets you an income of up to Rs. 2 Lakh every month seems like a miracle, right? And what’s even better? You can get help from the government for setting up this venture.

We’re talking about Goat farming. A profitable business that you can easily set up and earn excellent profits through minimal investment. It can be started in your backyard, without worrying about acquiring large plots of land or building infrastructure. This business is currently one of the main contributors to India’s economy with huge potential for further growth.

Govt. Subsidy For Goat Farming in India

Goat Farming supports the economy of villages with a large number of the rural population surviving and managing their incomes and livelihood through it. This has also given stimulus to the government to help support this animal husbandry venture.

What are the Govt. Subsidies available for Goat Farming?

In 2020, the central government decided to provide a 90% subsidy on goat/sheep rearing. According to this scheme, the Central government will pay 60% of the cost of setting up and running the business while, the state government will cover 30% of the cost.

This means that a farmer will just have to bear 10% of the cost. The Animal Husbandry Department has fixed Rs 66,000 and Rs 21,000 as probable cost for Goat/sheep rearing. To avail the benefits for the scheme, the farmer will need to deposit 10% of the total cost in their respective accounts opened under the scheme. The rest of the amount will be deposited by the government through RTGS.

How to Apply?

You will need to apply to the block-level veterinary officer. The district-level selection committee will shortlist the candidates after evaluation.

Presently, state governments like the government of Haryana, also extend their support with Haryana offering up to 90% subsidy on the total cost of setting up goat farming ventures with an idea to improve animal husbandry in villages and help people to become self-employed. 

The Central Government also subsidies up to 35% of the cost on animal husbandry businesses through institutions like NABARD (National Bank for Agriculture and rural development) and banks are ready to lend the initial capital needed for setting up a goat farming venture.

Hence, this is the best time to venture into goat farming, with attractive subsidies available readily from various institutions, banks at the state and Centre, to earn a decent and steady income with almost zero investment. 

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