Mudra Loans under PMMY for Goat Farming
As goat farming falls under the farming sector, therefore loans for goat farming shall not be provided by banks under the Micro Units Development and Refinance Agency (MUDRA) loan scheme launched under Pradhan Mantri Mudra Yojana (PMMY). Mudra with the help of banks offers loans of the amount up to Rs. 10 lakhs to individuals and enterprises engaged in the non-farming sector income-generating activities in the services and manufacturing sectors. There is no collateral/security required by the bank/lender and the loan amount can be repaid within 5 years, with nil to nominal processing fees. However, the state and central governments have launched various loan schemes and subsidies to promote goat farming.
Estimated Delivery Date: January 24, 2025
Read MoreAs goat farming falls under the farming sector, therefore loans for goat farming shall not be provided by banks under the Micro Units Development and Refinance Agency (MUDRA) loan scheme launched under Pradhan Mantri Mudra Yojana (PMMY). Mudra with the help of banks offers loans of the amount up to Rs. 10 lakhs to individuals and enterprises engaged in the non-farming sector income-generating activities in the services and manufacturing sectors. There is no collateral/security required by the bank/lender and the loan amount can be repaid within 5 years, with nil to nominal processing fees. However, the state and central governments have launched various loan schemes and subsidies to promote goat farming.
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