Top Odisha Broiler Farming Insurance Company

Top Odisha Broiler Farming Insurance Company

Top Odisha Broiler Farming Insurance Company-Poultry farm is considered to be the fastest-growing division of agriculture sector. The government has been making generous investments in processing, breeding, rearing, and hatching processes to further boost growth. Around 3 million farmers and 15 million agrarian farmers are working in the poultry industry and have helped in the contribution of approximately Rs. 26,000 crore to the national income.

Odisha Broiler Farming Insurance Company

Top Odisha Broiler Farming Insurance Company-The amount of money required to start a small-scale poultry farm is generally between Rs. 50,000 to Rs. 1.5 lakh. For a medium-scale poultry business, the funds required are approximately between Rs. 1.5 lakh to Rs. 3.5 lakh. Large scale poultry farm can be started with an investment of close to Rs. 7 lakh. To meet these requirements business owners can opt for business loans from various financial institutions like banks and NBFCs and start their own poultry business. Opting for a business loan is considered to be a wise decision, as it helps business owners in making business investments without utilizing their lifetime savings.

Top Odisha Broiler Farming Insurance Company-The Odisha Farmer Credit Card Insurance is a new credit card that is offering a 10% interest rate for first-time users from now until 2022. The Odisha Farmer Credit Card Insurance is a great choice for those who are looking for an easy and quick way to get started in farming. The credit card is also good for small businesses and the interest rate is the perfect amount for such a small Loan start-up.

Top Odisha Broiler Farming Insurance Company-The Odisha Farmer Credit Card  Insurance is a great choice for those who are looking for an easy and quick way to get started in Insurance farming. The credit card is also good for small businesses Insurance and the interest rate is the perfect amount for such a small Loan start-up .

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Documents Required

Top Odisha Broiler Farming Insurance Company-Find below the information on documents required to start your own poultry farming business:

  • Duly filled application form along with Passport-sized photographs
  • Identity Proof: PAN and Aadhaar card
  • Company’s incorporation certificate
  • Business land documents
  • Business Licenses and permits, as per state laws
  • Last 12 months’ bank statement
  • Animal Care Standards to be furnished
  • Any other document required by the lender or bank

Equipment required

Top Odisha Broiler Farming Insurance Company-List of equipment used for the Poultry Farming Business is further discussed:

  • Automatic feeder
  • Automatic vaccinator
  • Bell-type automatic waterer
  • Brooder and Chick guard
  • Charcoal and Kerosene stove
  • Circular feeder
  • Compressed air system
  • Electrical heaters (heating rods or coils)
  • Emergency standby electric plants
  • Fowlpox vaccinator/lancet
  • Gas and electrical brooders
  • Hatcher
  • Hatchery automation equipment
  • Hatching egg transfer machines
  • Hatching egg trays
  • Infra-red bulbs
  • Linear feeder
  • Linear waterer/Channel type waterers
  • Nest Boxes
  • Nipple and Manual drinker
  • Pan and Jar type
  • Reflectors/Hovers
  • Setter
  • Shell grit box
  • Syringe with needle/vaccine droppers
  • Water basin made of plastic/wood/GI with grill
  • Water heaters
  • Water softeners and filters

Features of SBI Poultry Loan – 2022

Interest RateDepends on the applicant’s profile, business area, size, and volume
Loan AmountAs per business requirements
Loan UsageLoan to be used by new and existing farmers
Purpose of LoanFor the construction of feed rooms, sheds, and other poultry farming products
Collateral SecurityMortgage of poultry farming land of an area covering at least 50% of the advance
Repayment TenureUp to 5 years, including 6 months of grace period for bi-monthly installments
Margin25%
Top Odisha Broiler Farming Insurance Company

Apply for a Business Loan to Start a Poultry Farming Business

Top Odisha Broiler Farming Insurance Company-To apply for business loans for poultry farming, firstly check your eligibility criteria defined by the respective bank that you prefer to apply for a loan.

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Secondly, fill in the loan application form along with basic documents after checking and comparing from all the available loan options, as per business requirements.

Top Odisha Broiler Farming Insurance Company-The basic details shall be the required loan amount, business tenure, annual turnover, and current city. Further, the loan formalities shall be performed by the bank’s representative.

After the loan is approved the loan amount shall get disbursed in your bank account in defined working days.

Top Banks offering Loans for Poultry Farming in India

Top Odisha Broiler Farming Insurance Company-Leading banks offering Poultry Farming business loans include SBI, HDFC Bank, Punjab National Bank, IDBI Bank, Federal Bank, Karur Vysya Bank, Canara Bank, Bank of India, and many more banking and financial institutions.

Top Odisha Broiler Farming Insurance Company-The Odisha Farmer Credit Card Insurance is a new credit card that is offering a 10% interest rate for first-time users from now until 2022. The Odisha Farmer Credit Card Insurance is a great choice for those who are looking for an easy and quick way to get started in farming. The credit card is also good for small businesses and the interest rate is the perfect amount for such a small Loan start-up.

The Odisha Farmer Credit Card  Insurance is a great choice for those who are looking for an easy and quick way to get started in Insurance farming. The credit card is also good for small businesses Insurance and the interest rate is the perfect amount for such a small Loan start-up .

Top Odisha Broiler Farming Insurance Company Applicability :

a) The Scheme is applicable to Poultry Farms consisting of all types of exotic and crossbred Poultry Birds in India

b) All birds in a farm should be covered After issuing Policy if additional birds are introduced in the farm, immediate notice to be given to the Insurer, otherwise claim will repudiated.

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c) The Scheme is applicable to Poultry Farms consisting of a minimum number of birds as follows :

(i) Under Bank finance (for all types of birds) : IRDP – 100 Nos. (or as per IRDP norms) NON – IRDP – 500 Nos.

(ii) General :

(a) Broilers – 100 per batch

(b) Layers – 500 per batch © Hatchery – 2000 birds per batch Age Group : Broilers

(i) 1 day to 8 weeks

(ii) 1 day to 6 weeks Layers

(i) 1 day to 20 weeks

(ii) 21 weeks to 72 weeks

(iii) 1 day to 72 weeks Hatchery Birds = 1 day to 72 weeks Premium Rates : Broilers :

a) 1 day to 8 wks. – 1.5% ; Annual – 6%

b) 1 day to 6 wks. – 1.20%; Annual-4.8% Layers :

a) 1 day to 20 weeks – 3.20%

b) 21 weeks to 72 weeks – 3.50%

c) 1 day to 72 weeks – 5.50% Parent Stock (Hatchery) – 5% Note :

1. The premium will be charged on peak Value of birds in each of the above categories.

2. Minimum value for Parent Stock bird should be Rs.200/- (negotiable). Sum Insured : Layers : Max. of Rs.75/- ( N.S.), 25/- (S) Broilers : Max. of Rs.45/- (N.S.), 15/- (S) Discount : a) No claim discount :

i) No claim for one year – 15%

ii) No claim for two years – 20%

iii) No claim for 3 years – 25%

b) Good features discount : 5% Important Underwriting Conditions :

1. All birds in a farm should be insured

2. Proper balanced feed, water & light should be provided

3. Debeaking & deworming should be carried out regularly

4. All essential record should be kept

N.A- Top Odisha Broiler Farming Insurance Company :The Odisha Farmer Credit Card Insurance is a new credit card that is offering a 10% interest rate for first-time users from now until 2022. The Odisha Farmer Credit Card Insurance is a great choice for those who are looking for an easy and quick way to get started in farming. The credit card is also good for small businesses and the interest rate is the perfect amount for such a small Loan start-up.

Top Odisha Broiler Farming Insurance Company-The Odisha Farmer Credit Card  Insurance is a great choice for those who are looking for an easy and quick way to get started in Insurance farming. The credit card is also good for small businesses Insurance and the interest rate is the perfect amount for such a small Loan start-up .

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