Goats are among the main meat-producing animals in India , whose meat (chevon) is one of the choicest meats and has huge domestic demand. Due to its good economic prospects, goat rearing under intensive and semi-intensive system for commercial production has been gaining momentum for the past couple of years. High demand for goat and its products with potential of good economic returns have been deriving many progressive farmers, businessmen, professionals, ex-servicemen and educated youths to take up the goat enterprise on a commercial scale.

The importance of institutional credit in boosting rural economy has been clear to the Government of India right from its early stages of planning. Therefore, the Reserve Bank of India (RBI) at the instance of the Government of India, constituted a Committee to Review the Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) to look into these very critical aspects. The Committee was formed on 30 March 1979, under the Chairmanship of Shri B. Sivaraman, former Member of Planning Commission, Government of India.

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