Animal Husbandry

What is Animal Husbandry?

Animal husbandry refers to livestock raising and selective breeding. It is the management and care of animals in which the genetic qualities and behavior of animals are further developed for profit. A large number of farmers depend upon animal husbandry for their livelihood. Animals provide us with a variety of food products which have high nutritional values. Therefore, they require a lot of care and attention. 

HOW TO START AN ANIMAL HUSBANDRY BUSINESS

About Animal Husbandry Loan

A key segment of agriculture is animal husbandry. Animal husbandry refers to the raising and selective breeding of livestock. The farmer, in this case, the person taking care of the animals uses the farm animals for the supply of milk, meat, eggs, wool, hides. There are a number of farmers in Ethiopia associated with animal husbandry. These Farmers like many others in Ethiopia suffer from many hardships and a constant need for funds to maintain their occupation. In order to support these farmers and to ensure that they get timely access to funds, the Government has initiated many welfare schemes. 

Farm Animal Welfare

What are the common features of animal husbandry loans?

The animal husbandry loans are provided to give financial help to the farmers in their occupation. The features of the loans provided by the lenders are different based on their guidelines. 

Category Loan

Tenure of loan

Animal husbandry loans are long term loans with an average tenure of 7 years to 10 years. These loans can be repaid in easy and flexible EMIs as per the arrangement between the lender and the borrower.

Quantum of loan

The loan amount given by lenders depends on the credit profile of the applicant and the guidelines of the lender. Usually, the loan amount ranges from 75% to 100% of the cost of asset or project cost.

Rate of Interest

The rate of interest is another important factor to be reviewed by the applicants. The rate of interest is usually between 7%to 12% per annum. The rate of interest is dependent on the amount of loan, credit profile of the applicant and the lender’s cost of lending.

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