Animal husbandry is becoming increasingly popular in India. Farmers and even educated individuals are leaving their jobs to raise animals as a source of additional income. Among these, goat farming has emerged as one of the most sought-after businesses. Through goat farming, you can earn substantial profits by selling products like milk and meat.
There is high demand for both goat milk and meat in the market, which results in significant profits. Starting this business is relatively easy and can be done with government assistance. By adopting scientific methods for raising goats, you can generate three to four times more income at a lower cost.
Many people in the country are earning substantial income by raising goats. Goat farming is expanding rapidly in rural areas as it offers multiple benefits, including milk and manure. Farmers in states like Uttar Pradesh and Haryana are increasingly adopting goat farming as an additional source of livelihood. With relatively low risks involved, this business is gaining popularity. Goat’s milk has a high market demand, and its meat is widely consumed, making both highly profitable.
Government Subsidies for Goat Farming
Starting a goat farming business is straightforward, especially with government support. In Haryana, farmers can avail of a 90% subsidy for animal husbandry, while Madhya Pradesh offers a 60% subsidy for goat farming. Additionally, the Government of India provides subsidies of up to 35% for animal husbandry projects. Even if you lack initial capital, NABARD (National Bank for Agriculture and Rural Development) offers loans for goat farming, making it accessible to everyone.
Factors to Consider
To begin goat farming, you need to consider essential factors such as:
- Adequate space for raising goats
- Proper food and fresh water supply
- Availability of veterinary support
- Labor force requirements
- Market and export potential
Both goat milk and meat have significant employment and profit potential. Goat milk is in constant demand, while goat meat has a strong domestic market, making this venture highly rewarding.
Cost and Profit Potential
Goat farming can be started from home and is considered a significant contributor to the national economy and nutritional food supply. According to reports, raising 18 goats can generate an average income of ₹2,16,000, while additional income of ₹1,98,000 can be earned through services like mail orders. Adopting scientific methods for goat farming can further double the profits, making it a highly lucrative business opportunity.