India is one of the world’s largest milk producers, making dairy farming a profitable and sustainable business. Whether you are starting out or planning to expand, a Dairy Farm Loan in India can help you achieve your goals. This guide explains how to get a loan for a dairy farm, eligibility, interest rates, and how to apply online.
What is a Dairy Farm Business Loan?
A dairy farm business loan is a special type of agriculture loan given by banks, NBFCs, and government institutions. It helps farmers:
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Buy cows or buffaloes
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Build or upgrade sheds
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Purchase equipment like milking machines
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Expand dairy operations
Popular schemes include NABARD’s Dairy Entrepreneurship Development Scheme (DEDS), and regular dairy loan products by banks.
How to Get Loan for Dairy Farm
Follow these simple steps to apply for a Dairy Farm Loan in India:
1. Create a Business Plan
Include the number of animals, daily milk production, expenses, profit estimates, and repayment plan.
2. Check Eligibility
You must be:
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An Indian citizen aged 18–65
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Experienced or trained in animal husbandry
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Owning or leasing land for dairy use
3. Choose the Right Lender
You can choose from:
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Public sector banks (like SBI)
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Private banks (like HDFC)
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NBFCs and cooperative banks
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Government schemes like NABARD
4. Prepare the Documents
Documents usually required:
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ID and address proof
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Land ownership or lease papers
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Business plan
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Bank statements
5. Apply Online or Offline
Use dairy loan apply online options available on bank websites or mobile apps. Offline applications can be done at the nearest branch.
6. Loan Disbursal
After verification and inspection, the amount is credited in phases, depending on the plan.
Dairy Farm Loan Interest Rate in India
Dairy loan interest rates vary between 8% to 13% per annum. Some schemes offer subsidies. The repayment period is generally 5–7 years, with a moratorium of 6–12 months.
Dairy Farm Loan Online Apply
Many banks now offer dairy farm loan online apply services. It’s quick, convenient, and saves time. Just visit the bank's official website, submit your form and documents, and track your loan status online.
Conclusion
Starting or expanding a dairy business is easier with the right financial support. A Dairy Farm Loan can help you grow with flexible terms and low interest. Use dairy loan apply online options to get started today and turn your dairy dream into reality.
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