Highly profitable business ideas

Start Goat farming business in India and generate monthly income up to 2 lakh

Goat farming business plan is a very profitable business and people are making money in India by starting goat farming projects. You can start from the home as well building farms to raising goats with low Investment and high profit. Now it is considered a Commercial business, contributing greatly to the economy and nutrition of a country. Goat Farm contributes immensely to the rural economy and national income for the poor. 

Even women and children are easily maintained and cared for. Raising Goats is a simple task that does not require much equipment, capital, labor, or hard work. This is a great source of employment and income. Even unemployed educated people can raise goats easily and create great employment and income source through the Goat Farming business community. 

1. Goat Farming Business Plan

To build a successful goat farming business, you must be aware of the investments, the best goat breeds, the required lands, strategies to growing revenue, and everything related to this business model. you have to plan out your goat farming business starting from choosing the land to the marketing prior to starting the goat farm. you need to ask the following questions:-

  • what type of land selection and in how much are you must own for the limited Numbers of goats?
  • what type of breed did you want to purchase either for the milking or the meat purpose?
  • How the goat shed would look like for proper growth and good shelter?
  • what type of feeding materials and nutritions, you need to provide for the goats?
  • What quick De-worming and Vaccinations you need to give to reduce the diseases?
  • Guess for the Answers until we’re coming with the solutions of these all in the upcoming points.

2. Project Cost

Goat farming business plays a significant role in the economy of the nation as well as a great way to earn for yourself.
Now, this business is an enterprise that has been practiced by a large section of the population in the rural area. you can establish a goat farming business with a good analysis of its project cost. you can prepare tables of the following things:-
Production Technology- You must have to mention the Project Location, Housing, Feed & Fodder cultivation, Fresh Water, number of labor required, Veterinary Aid, market potential, and Export potentials.

SWOT Analysis (Strength, Weakness, Opportunities, and Threats) – Write down the strength of the goat farming such as “Low labor requirement” and in the weakness section such as “High mortality rate of goat kids”. in the opportunity section, you can add “High and ready market of goat meat” and the threats like “declining grazing land poses a big challenge to the industry”. The List of this analysis will help you map out project costs easily.

3. How to Apply for a loan for goat farming Business

Even if you have not money to start your goat farming, you can get a Loan from banks with refinance facility. such as NABARD is available to give you a loan for goat farming.  to obtaining a bank loan, you can apply at the nearest branch of a Commercial, Co-operative, or Regional Rural Bank in the prescribed application form which is available in the branches of financing bank.

IDBI bank considers Sheep and goat rearing as a supplementary activity to agriculture. so if you need Loan, IDBI Bank grants term loans of Rs. 50,000/- to Rs. 50 lakhs to the individual, Group, Shepard co-op society, and companies that are experienced and actively engaged in such activity. you can get such loans from other banks too.

you can get a loan from the Pradhan Mantri Mudra Loan (PMMY), National Small Industries Corporation (NSIC), Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGFMSE), and Credit Linked Capital Subsidy Scheme (CLCSS)

  • The process to get a loan for goat farming

Visit any local or regional bank and fill the application form for goat farming with NABARD.

Present your business plan details to avail subsidy from NABARD.

Submit the application form along with the business plan to get approval from the NABARD.

A technical government officer will visit and inquire about the farm before the sanctioning of the loan and subsidy.

The loan amount is sanctioned and the money is transferred to you.

  • Documents required to get a loan for goat farming

The documents required to get a loan for goat farming are-

  1. Photos: 4 passport-size photographs
  2. Address proof: Ration card, Voter ID, utility bills
  3. Identity proof: Aadhar card, Driving license
  4. Caste certificate (for SC/ST applicants)
  5. Goat farming plan
  6. Land registration documents
  7. Bank statements for 6 months preceding

4. Goat farming setup information

goat feeding

if you are going to start a goat farming business, you should have knowledge of all the setup information. Look, if you have not the solution yet, let’s look at some of the ideas we have collected for you to quickstart your setup for the goat farming business.

  • Feeding and Nutrition

Because the goats don’t eat dried or soiled grass. They usually prefer to eat grasses, plants, shrubs, weeds, and herbs. So you must make sure to provide them enough clean, fresh grass. Goats also need energy, portion, vitamins, and fiber for proper growth.  

You can also feed Hay, grass, or a legume, like clover or alfalfa. Each goat needs about two to four kg of hay per day, minus what they might forage on pasture. Hay can be fed free-choice or twice a day. If a good quality of hey isn’t available you can feed dry grass hay of a horse quality.

  • Shed Construction

A well-designed barn or shed is less costly and will help you to reap all the profit from goat farming. Always keep the house neat, clean, and dry. the shed must be proper ventilation and drainage system inside the house. Make sure of the availability of sufficient fresh air and light inside the house. Allowed for grazing during daytime Housed during the night.

  • Diseases and Vaccinations

Veterinarians play an important role as there are chances for your goats to contract diseases. They can help in disease control and management to avoid losses. They would diagnose diseases and recommend vitamins and supplements to keep your animals in good health especially during stressful situations like weaning. 

  • Breeding

Probably you would choose the best breeds which produce more milk, grow quickly and healthier than others. it’s depending on your purpose, choose the type of breed you want to serve the purpose. Do the research and consult an expert so he can guide you to decide what will be best for your farm. You can purchase the Barbari and Boer categories of breeds and mostly found in Uttar Pradesh and Rajasthan. Jamunapari, Beetle, Sanen, 

If you’re planning for meat goat farming, suitable goat breeds in India are Boer, beetle, black Bengal, and matou. And if you’re planning for a dairy goat farm, suitable goat breeds are Saanen, jamunapari, Toggenburg and Alpine are the best milk productive goat houses. 

  • Land Selection

Most of the goat breeds generally survive in warm areas that are well-drained. Goats live in groups so space is also necessary. You’ll need A large field in the daytime if you want your animals to roam freely.

Goats eat a lot of grass on a daily basis, the urban location is not good for them, so it must be far from towns as even urban pollution is not suitable for goats. As goats eat a lot of grass on a daily basis. So, make sure the food source is highly accessible and not too far from the rearing area.

  • Dairy goats

    goat rearing business plan

While you go for purchasing the dairy goats, It must be a long, deep, and wedge-shaped body, spring ribs, straight legs, soft shiny goat hair.

They have a Capacious udder extending below and between thighs and Teats should be uniform in size, medium-sized, sloping slightly forward. The udder should be collapsed after milking and have a prominent milk vein. 

5. Equipment needed for the Goat farming  

There is some basic goat equipment that is necessary in order to scale goat farming. There is also some more specialized equipment depending either on their milk extraction, meat, fiber, or kids.

  • Goat Feeder With Mountain Goat.
  • Goat Water Trough. 
  • Pitch Fork. 
  • Wheelbarrow.
  • Goat Record Book.
  • Goat Hooves.
  • Serrated Goat Clippers.
  • Microchip. 

6. Total expenditure and Profits in goat farming  

You can sell goats only on a live body weight basis at the rate of Rs. 450 to Rs. 550 per kg of live body weight. Currently, the annual gross revenue of the goat farm is Rs. 5 to 10 lakhs and the total annual expenditure is Rs. 3 to 5 lakhs giving an annual net income of Rs. 2 to 5 lakhs.

As the mortality in adults and kids, which was 10 and 40% respectively in the beginning, now has decreased to about 3% to 8 % per annum.

7. Marketing of Goat farming

goat rearing business

There should be a good marketplace to sell the Goats. Either it should be nearby the shed construction land or just a wholesale market where you could sell them at a great margin. 

Ensure that the male and female goats have not equal value in the market. Therefore, the commercial goat farming business has developed a potential way of employment for unemployed people. 

The Goat meat has a huge demand and high price in the local as well as in the international markets. You can also export your products to foreign countries for more profits.  

 8. Goat farming business profit

Goat farming generally means rearing goats for the purpose of harvesting milk, meat, and fiber in India. Its meat is one of the best choicest meats which have huge domestic demand.  It’s not a new business and the process has taken place since ancient times.

Due to its high demand for consumption, its commercial production is gaining momentum for a couple of years.  

Goat farming is going to a profitable business and requires a very low investment due to its multi-functional utility. And the commercial goat farming business is contributing to the economy and nutrition of a country.   

  • goat farming project cost and profit calculation

let’s start goat farming project cost and profit calculation. If you acquire 18 female goat farmers reported earning an average of Rs 216000— significantly more than their 22 male counterparts, who reported an average earning of Rs-198000. 

  • Number of goat kids/batch = 90.
  • Each baby goat weighs 4 months = 16 kg.
  • Total weight gain = 1440 kg.
  • Average live goat meat cost = Rs.600/kg.
  • Total returns (gross profit) = 1440 x 600 = Rs.864000
  • Running cost per batch = Rs.1,89,000.
  • Total Profit = 864000 – 200,000 =Rs.664,000.

Learn Before Earn

if you’re starting the goat farming business, you must have knowledge of this business. so here are the best book List that you can purchase by clicking the link.

Goat farming Business Book: Book 1 (Read More)

Goat Farming Business Book: Book 2 (Read More)

Although, there are some risks in the goat farming business. Taking proper care and adopting good management can ensure better production and high profit. Goat farming can be concluded as a traditional, profitable, risk-less, and very easy business because of its multi-utility and fast growth rate. These businesses are also used as a tool for poverty reduction and play a crucial role in the economic growth of a country.   

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