#

Rural

Purpose

  • To establish small dairy unit with 2 to 4 milch cattle.
  • To establish new medium /large unit.
  • Collection, processing ,distribution of milk & manufacturing of milk products.
  • Purchase of improved/crossbreed milch cattle.
  • Construction of cattle shad.

Eligibility

Farmer, Agriculture labours, Registered partnership firm, limited companies, dairy co-operative societies, SHGs.(For Commercial Dairy, submission of project report is necessary)

Quantum of finance

As per unit cost approved by NABARD / Project Cost

Security

Loan upto Rs. 100,000/- Hypothecation of live stocks etc.
Loans above Rs. 100,000 /- Hypothecation of live stocks
Mortgage of land OR declaration as per agril. credit act OR collateral security of adequate worth.
Third party guarantee if stipulated.

Margin

Loan upto Rs. 100,000 /- NIL
Loan above Rs. 100,000/- 15% to 25%

Rate of Interest

As per interest rate decided by the Bank from time to time.

Repayment

To be repaid within 5 to 6 years with 2 to 3 months moratorium period.