Poultry farm business is one of the fastest-growing industries in the agriculture sector. The Indian government has also encouraged alternative farming sources to enhance the revenue. The poultry farm business is one farming sector that can boost a farmer's income. Considering the growing demand for chicken and poultry products in India, many non-banking finance companies (NBFCs) like Hero FinCorp provide easy Business Loans to farmers, provided they have an effective poultry farm business plan.
Since a poultry farm requires extensive investments to process, breed, rear, and hatch the poultry, a robust plan and sufficient finance are necessary to make it happen. Read on to learn more about the poultry business plan.
What is Poultry Farming?
Poultry farming is an agricultural sector dealing with different types of livestock, such as geese, ducks, turkeys, chickens, etc. The poultry farm owners and workers rear up the animals and sell them, their eggs, or meat to retailers or consumers.
The poultry farm business is one of the fastest-growing sectors, generating crores in revenue and lakhs of employment opportunities. Therefore, making a poultry farming business plan, implementing it as required, and getting finance from a Business Loan makes it a profitable business opportunity in India.
Things to Consider Before Starting the Poultry Farm Business
The poultry farm business is a wide industry with lots of opportunities. So, here are a few things to consider before preparing a poultry or chicken farming business plan:
- Poultry Sector: Since the poultry industry has several sub-sections, the first step is to select a section according to the skills and interests. The options may include egg and meat production, processing, packaging, marketing, chicken hatching, poultry feed production, and manufacturing of poultry farming equipment. Depending on the business owner's interest, they can work in multiple sub-sections.
- Bird Type: The next step is to select the type of birds to breed and rear on the farm. These might include geese, quails, chickens, ducks and other fowls. However, chickens are the most common birds farmed in India. Different types of chicken include broiler, layer, and rooster. The most common chicken type reared in India is the broiler chicken.
- Farm Location: It's best to choose a farm location close to the consumption area. It minimises the cost of logistics and transportation.
- Registration: After naming the poultry farm business, one must register it with the authorities according to the state laws. Creating a logo and website for the business is also essential, as it attracts more customers and makes sales easier.
- Financing: Although expanding a poultry farming business does not demand excessive capital, one might require funds for buying or renting the farm, purchasing equipment, hiring staff, breeding and rearing birds, purchasing equipment and raw materials, managing cash flow, paying salaries, etc. So, apply for a Business Loan from a reputable financial institution like Hero FinCorp to arrange funds.
- Marketing: Marketing the poultry farm among the target customers is necessary. Different communication methods help create a buzz about the farm and its products.
- Supply: The final thing to consider is the supply of products to retailers, shopkeepers, restaurants, wholesale markets, etc.
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Steps to Expand or Start Your Own Poultry Farm Business in India
Here are some tips to gain success and expand a poultry farm in India:
- Start Small and Grow Gradually: The best trick is to start small and expand as the demand grows.
- Consider Meat Production and Packaging: Since some customers still purchase livestock due to concerns about genuineness and freshness, farm owners might consider processing and packaging the farm products. To start the packaging segment, it must assign a separate space for butchering and cleaning, hiring butchers, buying equipment, and following regulations.
- Set up a Sales Outlet: Rather than relying upon retail suppliers, the farm owner may expand their farm operations by setting up their own sales outlet for chickens, chicken parts, fresh eggs, etc.
- Delivery Services: While many working customers prefer getting their items delivered to their doorstep, offering delivery services will be a nice way to get more orders and expand the business.
- Apply for Government Subsidies: Agriculture is the focal point for the Indian government. That is why it offers several grants and subsidies for people working in the sector. One may obtain these subsidies to expand their poultry farm business.
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Benefits of Poultry Farming Business
Some benefits of setting up a poultry farm business are as follows:
- High-yielding business idea
- Does not require much capital and space
- Quick return on investment due to high demand
- Easy licensing requirements
- Simple Business Loan application
- No requirement for high-skilled labour
- Low maintenance needs
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How Much Funds Are Required to Expand a Poultry Farming Business?
Expanding a poultry farm business may cost up to Rs. 3 Lakh, depending on the farm type and size. Some costs involved include the following:
- Livestock
- Farm space
- Raw material
- Equipment
- Feed
- Processing and packaging
- Marketing
- Transportation
A Business Loan for a farm business provides the required capital to cover the expenses and ease the financial burden.
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How Business Loans Can Help You to Expand a Poultry Farming Business?
A Hero FinCorp Business Loan is an excellent funding option to start or expand a poultry farm business. Let’s see how.
- Ample loan amounts, starting at Rs 3 Lakh
- Competitive interest rates, starting at 14%
- Flexible repayment options, up to 60 months
- No profit sharing
- No need to give control over the business ownership
- No collateral requirement
- Freedom to utilise the loan amount
- Easy Business Loan application
- Quick loan processing with minimal documentation requirements
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Documents Required for Poultry Farming Business
One must provide these documents to apply for a Business Loan:
- Duly filled application form
- PAN Card
- Identity proof, like a voter ID card, passport, driving license, Aadhaar card, or Photo ID issued by the government
- Address proof, like an Aadhaar card, voter ID card, driving license, utility bill, property tax receipt, registry copy, or rent or lease agreement
- Business continuity proof, like trade license, RBI or SEBI-issued registration certificate, certificate of practice, or certificate of incorporation
- Signature proof, like a passport, PAN card, or banker's verification
- Income proof, like ITR, GST returns, bank statements, or the latest audited financials
- Other documents, like balance sheets, profit and loss statements, or tax returns
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How to Apply for the Loan to Expand the Poultry Farming Business?
Follow these simple steps to apply for a Business Loan with Hero FinCorp:
- Visit the Hero FinCorp website and go to the Business Loan page.
- Fill out an application form by providing the required details.
- Submit the Business Loan application with the required documents.
- After verification, the loan amount will be quickly disbursed to your bank account.
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Conclusion
The poultry farm business is a high-growth idea with low investment and quick returns. Those considering expanding a poultry farm may take financial assistance from Hero FinCorp to scale up and achieve the business goals.
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Frequently Asked Questions
1. How profitable is a poultry farm?
A poultry farm is a low investment business with many easy funding options and great scope for growth.
2. What types of poultry are commonly raised on a farm?
Chickens, geese, quails, ducks and other fowls are commonly raised poultry on farms. In India, chickens are the most popular farm products.
3. How much space is required for a 1000 birds poultry farm?
According to general guidelines, 0.5 to 1 sq. ft. area is enough per bird. So, for 1,000 birds, a farm should be at least 5,000-10,000 sq. ft.
4. What are the key expenses covered by the business loan for a poultry farm?
Raw materials, livestock, poultry feed, equipment, and space are the key expenses a poultry farm owner may cover with a Business Loan.
5. How can the loan funds be used in a poultry farm business?
With a Business Loan, the farm owner can hire staff, rent or buy farm space, invest in livestock, feed them, and make arrangements for their breeding, rearing, processing, etc.
Disclaimer: The content provided in this document is for informational purposes only. It offers insights into the process of starting a poultry farm business, potential benefits, and various aspects related to this field. The information is based on general knowledge and industry research. The costs provided are only an approximation, and the actual expenses may vary depending on the scale of your business.
