The government has finally opened fresh applications for the Bakri Palan Loan Yojana, bringing a major opportunity for goat farmers, rural youth, and small livestock owners. Under this scheme, eligible applicants can now get easy loans at low interest rates to start or expand goat farming. This move aims to boost income, support self-employment, and strengthen rural livelihoods through livestock farming.
The scheme is mainly implemented under Pradhan Mantri Mudra Yojana (PMMY), NABARD Subsidy Programs, and various State Animal Husbandry Department initiatives. Through these combined schemes, farmers can get loans starting from ₹50,000 up to ₹10 lakh with simple documentation and faster approval.
What Is Bakri Palan Loan Yojana?
This government initiative provides financial assistance to individuals who want to begin goat farming or expand their current setup. The scheme offers:
- Low-interest loans
- 25% to 35% subsidy (NABARD)
- Easy EMI options
- Collateral-free Mudra Loan facility
These features make the scheme highly attractive for beginners as well as experienced livestock farmers.
Who Can Apply? (Eligibility)
This scheme is open to:
- Any Indian citizen
- Farmers, livestock owners, SHG groups, rural youth
- Age between 18 to 65 years
- Aadhaar linked with a bank account
- CIBIL score of 600+ for faster approval
- Goat farming project report (mandatory)
Loan Amount Available
Farmers can apply for the loan category based on their requirement:
- Shishu Loan: Up to ₹50,000
- Kishore Loan: Up to ₹5 lakh
- Tarun Loan: Up to ₹10 lakh
- NABARD Subsidy: 25%–35% depending on category
Major Benefits of Goat Farming Loan
- Low interest rates
- Government subsidy support
- Collateral-free loans under Mudra
- Simple application process
- Special preference for women and SHG groups
Documents Required
- Aadhaar Card
- PAN Card
- Bank Passbook
- Passport size photo
- Income proof
- Livestock/Goat Farming Project Report
- Address proof
How to Apply Online for Bakri Palan Loan Yojana
Follow these simple steps:
- Visit the official website of your bank — SBI, PNB, Bank of Baroda, Gramin Bank, Co-operative Bank, etc.
- You can also apply directly through the Pradhan Mantri Mudra Yojana portal.
- Log in using your mobile number and select the relevant Mudra Loan category.
- Choose Shishu, Kishore, or Tarun Loan for goat farming.
- Complete your e-KYC using Aadhaar.
- Upload required documents (Aadhaar, PAN, Income Proof, Project Report).
- Wait for bank verification.
- After approval, the loan amount will be transferred directly to your bank account.
Conclusion
Goat farming is becoming one of the best income sources in rural India, and the Bakri Palan Loan Yojana is a golden chance for farmers to strengthen their financial stability. Whether you want to start a new goat farming business or expand your existing one, this loan scheme can help you grow faster with government support.
If you’re planning to enter the livestock business, this is the perfect time to apply and take advantage of the benefits.