Financial assistance available from banks / NABARD for Rabbit farming

NABARD is an apex institution for all matters relating to policy, planning, and operations in the field of agriculture credit. It serves as refinance agency for the ground level institutions / banks providing investment and production credit for various activities under agriculture and allied sectors for ensuring integrated rural development. It co-ordinates the development activities through a well organised Technical Services Department at the head office and Technical cells at each of the regional offices.

For undertaking the rabbit farming on scientific lines, loan from banks with refinance facility from NABARD is available. For obtaining bank loan the farmers / entrepreneurs should apply to the nearest branch of a Commercial, Co-operative or Regional Rural Banks in the prescribed application form, which is available in the branches of financing bank. Necessary help or guidance can be obtained from the technical officer attached to or the manager of the bank in preparing the project report, which is a prerequisite for sanction of the loan.

For Rabbitry schemes with very large outlays, detailed project reports will have to be prepared. The items such as land development, construction of sheds and other civil structures, purchase of the breeding stock, equipment, feed cost upto the point of income generation are normally considered under bank loan. Other items of investment will be considered on need basis after providing the satisfactory information justifying the need for such items. The cost of land is not considered for loan. However, if land is purchased for setting up the Rabbit farm exclusively, it can be considered as beneficiaries margin money upto a maximum of 10% of the investment cost.

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