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10 Steps to Start Poultry Farming Business in India

What is the Poultry Farming Business?

Poultry farming is a type of business that covers a variety of captive-bred birds, such as chickens, ducks, turkeys, and so on. It has the potential to be India’s fastest-growing agriculture and farming business. Poultry farming incentivises the domestication of distinct types of birds for the production of eggs and meat. Up to 3 million farmers are already involved in poultry farming and are reaping the benefits. Previously, poultry farming was constrained to the backyard, but it has evolved into a techno-commercial industry, with entrepreneurs showing interest in this field. It is not difficult to start a poultry farming business. We’ve outlined 10 basic steps for you to follow to start a poultry farming business in India. Continue reading this article for simple steps to make your route less difficult.
10 Steps To Start Poultry Farming Business In India

Table of Contents

Steps to Start a Poultry Farming Business in India

The following are the eight steps for beginning a poultry farming business in India in simple words and as a step-wise process. Team Setindiabiz is available to assist you in setting up your business anywhere in India. We are considered to be the best for Company Registration or for the purpose of LLP Incorporation

Step No

Step Wise Process to Setup Poultry Unit.

1.

Pick your Poultry Sector & Type of Bird:

To begin, choose a sector to assist, such as chicken breeding, broilers, poultry feed, egg and meat processing, and so on. Then choose the sort of bird you want to raise for your business. Layers like a duck, pigeon, turkey for egg production, and broilers like chicken for meat production are the two types of birds available.

2.

Decide the Location of your Farm:

Decide on the acreage from where you will run your poultry business, keeping in mind the proximity of market and logistics that are necessary for the business

3.

Decide on the appropriate form of business:

Choose a business entity for your poultry farming venture as selecting the best-suited type of business format as per the scale of operation or funding requirement of your poultry business will play a greater role in future. Though Setindiabiz helps to set up all kinds of businesses in India, the following are some of the most commonly used business entities from which you may choose the right one. To understand in detail the pros and cons of several business entity types please refer to our comparative analysis at https://www.setindiabiz.com/types-of-business.
  1. Sole Proprietorship: A sole proprietorship is the most basic type of business, with one owner responsible for both the financial and legal aspects of the company. Your firm does not need to be registered with the state as a sole proprietorship. You must also obtain the applicable licenses and permits. It involves less paperwork, is easy to start, and has no corporate business taxes. Further, a sole proprietorship can be a risky form of business as there is no liability protection. The proprietor liability to the business is unlimited and hence we do not recommend a proprietorship firm, instead for a single owner a One-Person Company (OPC) is a better choice. Learn More
  2. Partnership: A partnership is a legal entity with two or more owners that operates jointly as a firm with joint and severe liability. This is like instead of one proprietor we have two and because they share capital/profits of the firm, they are commonly referred to as the Partners. We do not recommend a partnership firm for the poultry business and instead as an alternative, you may consider an LLP or a Private Limited Company. Click here to Read More.
  3. Limited Liability Partnership: LLP is an abbreviation for Limited Liability Partnership. It is considered a hassle-free sort of business and easy to carry out day-to-day operations. An entrepreneur can avail of many benefits if he/she chooses LLP to incorporate business. Like, such as lower registration costs, lower compliance burden, partners’ participation in business, and so on. We highly recommend the LLP if you are starting a poultry farming business. Click here to Read More.
  4. One Person Company: OPC is an abbreviation for One Person Company. One-person company is highly advisable for sole owners in comparison to going for proprietorship. OPC will offer you a business entity and limited lability. We will help you to make an OPC and provide all the legal compliance. Learn More
PVT Limited Company: PVT Limited Company is undoubtedly the best form to start a business. It offers limited liability, separate legal entity, flexible, easy maintenance, etc. We highly recommend PVT Limited Company as it provides many legal benefits to the owner to protect the business. Click here to Raed More.

4.

Decide the Name, LOGO, and Trademark for your company:

Create a name and logo for your company.  Keep in mind its distinctiveness and creativity so that it will strike out in branding. Place your logo on visiting cards, farms, websites, packaging boxes, and other places. Also, don’t forget to get the name and logo registered as Trademark. Setindiabiz offers its Trademark Filing Services at a very reasonable fee and processes the application in a time-bound manner.

5.

Define your target market:

Identifying your target market is vital and fundamental to the performance of the company. Examine who your consumers are and how they may locate you. Determine your target clients and devise a strategy for marketing your items to them directly.

6.

Generate a business plan:

After determining your target market, develop business tactics. Make a list of the points you’ll need to remember, such as How many broilers or layers you’ll need to raise? What are the size and market requirements? What kind of fence, shelter, waterers, and feeders will you need for them?

7.

Capital Allocation:

Decide how much money you want to put into it. How much does it cost to build a chicken coop? How much will it cost to look after domesticated birds? What will the cost of their food, medication, and supplements be? In addition, capital is necessary to cover the costs of machinery, transportation, and raw materials, as well as pay personnel salaries. Make sure that each of the working capital requirements has a sufficient cash flow.

8.

Market and Advertising:

Create a visually appealing marketing and advertising strategy for your company. You can do this with the help of visiting cards, websites, social media platforms, brochures, and other materials. Furthermore, you can sell your product in the nearby market store to raise awareness of your product.

9.

FSSAI Registration/License:

FSSAI is an abbreviation for “Food Safety and Standards Authority of India.” It ensures that food business operators provide safe, healthy, and safe food (FBO). An FSSAI permit is issued for any business that deals with food that people consume. The court of law The FSSAI has established some conventional laws to ensure adherence through regular inspections. Setindiabiz professionals will assist you with FSSAI registration and make the process as simple as possible.

10.

Source of Funding

Describe how you intend to raise capital for your company. Banks, friends and relatives, crowdfunding, and so on.

Benefits of Poultry Farming Business

Undoubtedly, the poultry farming business in India is profitable and requires little maintenance. You don’t need any special skills to get started, and it is booming in India on a remarkable note. Poultry farming offers several advantages, which is why so many farmers find value in it.
Below down are the main benefits of starting a poultry farming business in India:
  • A means of generating revenue.
  • There will be more job opportunities.
  • It is easy to opt for a license.
  • Not highly skilled labour is required.
  • At the commercial level, poultry farming is a profitable industry.
  • You can start this business with a minimal amount of money.
  • It’s a consistent source of revenue.
  • Poultry farming uses less water.
  • For aspiring entrepreneurs, it is a fantastic business prospect.
  • The nutritional value of poultry farmed products is high.

Capital Required to start a poultry farming business in India

After reading the preceding ten steps, you should be familiar with all of the procedures required to start a poultry farming business in India. Furthermore, you must be fascinated by how much it cost to start poultry farming business in India? How much money do we need to allocate to the poultry farming business? Here are some pointers that are assigned based on the size and amount of money needed:
Small-scale Medium-scale Large-scale
Capital for a small-scale poultry farming business in India ranges from Rs. 2,00,000 to Rs. 10 lakh.
Capital for a medium-scale poultry farming business ranges from Rs. 10 lakh to Rs. 35 lakh
Capital for a large-scale poultry farming business range from approximately Rs. 2-3 Crore.

How Setindiabiz Can help To Establish Poultry Business

Setindiabiz was founded with a forward-thinking outlook to provide end-to-end company compliance requirements. I’ve listed all of the processes to start a poultry farming business in India, and if you’re keen to know more, please contact us. We have dependable professionals here who are qualified to provide a wide range of financial, tax and compliance services to suit your requirements. We can help you to select the most suitable form of business, help you to incorporate the business, and obtain GST Registration, Import Export Code (IEC) and FSSAI Registration or License. Our team of tax professionals shall be at your service to help you file all tax returns and get the books audited at a very reasonable professional fee. Our services are available all over India.

Conclusion

According to reports, the poultry sector in India provides about 16,799,613,124 Indian rupees to the gross national product. India is also the world’s fifth-largest producer of eggs and ninth-largest producer of chicken meat. Consumer purchasing power is steadily increasing, and by the beginning of 2021, the pace of consumption is predicted to have increased three times as much. Poultry farming has a significant impact on the Indian economy, and the prospects are promising. It is a highly profitable agricultural business in India, and rain, sunlight, or other weather changes do not affect its output.

About Setindiabiz

Setindiabiz is an organized team of experienced CA, CS, & Lawyers, duly supported by a pool of trained accountants & paralegal staff that provides quality & affordable compliance services to startups & small businesses in India. The views, statements and recommendations expressed in this article or post are only for the sole objective of providing information, and it does not constitute professional advice or recommendation of the company. Neither the author nor the company or its affiliates accepts any liability for any loss or damage arising from any information in this article or any actions taken in reliance thereon.
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