Agri Dairy Loan

  • Eligibility
    • Project must be implemented in the command area of the branch.
    • Farmer having agriculture land only should be considered exceptionally non farmers with high worth or person already having cattles may be considered.
    • Farmers and Dairy farmers either individual or joint borrower, Joint Liability groups or self Help Groups including tenant farmers having owned /rented/leased sheds.
    • For KCC – Animal Husbandry
      Persons mentioned in point – a) that are having dairy tie up may be preferred.
  • Purpose
    To meet fund requirements for Dairy unit
  • Quantum of finance
    On the basis of unit annual cost decided by NABARD after keeping appropriate margin
  • Margin
    20% of total project cost
  • Security
    • Primary: Hypothecation of animals / assets to be created out of bank finance
    • Collateral: Cover 100% of total exposure of borrower. Third party guarantee may be obtained on case to case basis.
  • Repayment period:
    • Maximum 60 months
  • Moratorium
    • 1 month from cattle disbursement or 6 Months whichever is less.
  • Rate of Interest
  • Processing Charge/ Upfront Fee
  • Disclaimer:"Kindly contact the nearest branch for more details".