Animal husbandry is an important source of income in rural India. A livestock loan can help eligible applicants start or expand dairy, buffalo, sheep, goat, or poultry activity, subject to the bank’s assessment and the applicable scheme.
Loan Amount, Documents and Interest
The amount depends on the bank, project report, animals, income, and repayment capacity. Indicative figures mention up to ₹1,60,000 in total, about ₹40,000 for one cow, and about ₹60,000 for one buffalo. Rates may be approximately 8% to 10% per year, but borrowers must confirm the effective rate, subsidy, insurance, fees, and repayment period.
- Aadhaar, identity and address proof
- Photographs, bank passbook and income proof
- Land, animal and facility details
- Project report or quotations where requested
How to Apply
- Visit a bank branch offering agriculture or livestock finance.
- Ask about current eligibility and collect the form.
- Attach KYC, income, land, animal and project documents.
- Complete verification or inspection and submit the application.
- Sign the sanction and loan agreement if approved.
Conclusion
Compare banks and estimate feed, veterinary, insurance, and running costs before borrowing.
