CentralBank of India-Rural Agri Banking
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Cent Dairy Scheme

Purpose

To provide finance for establishment of dairy units for milk production.

Eligibility

Individuals, farmers, groups of farmers, firms, companies, societies, NGOs etc.

Quantum of loan

Unit cost excluding Margin Money.
Based on viability of the project and repaying capacity of the borrower/s.

Margin

For loans upto Rs.1.60 lakh : Nil
For loans above Rs.1.60 lakh and upto Rs.5 lakh : 10%
For loans above Rs.5 lakh and upto Rs.10 lakh : 15%
For loans above Rs.10 lakh : 20%

Rate of Interest


 Limit  Rate of interest %
 Upto Rs. 3,00,000/-   MCLR + 1
 AboveRs. 3.00 lakh to upto Rs.10 lakh   MCLR + 2.30
 Above Rs.10 lakh to upto Rs.100 lakh   MCLR + 2.90
 Above Rs.100 lakh   As per rating of Borrower

Processing Charges

Upto 25,000/- -NIL
Rs 25000/- to Rs 500.00Lakh @ Rs 120/- per lac or part thereof, Maximum Rs 50,000/-.

Inspection Charges

Up to Rs 2 lakh : Nil
More than Rs 2 lakh up to Rs 5 lakh : Rs 200/-
More than Rs 5 lakh up to Rs 50 lakh : Rs 500/-
Above Rs 50 lakh to Rs 100 lakh : Rs 2000/-

Security

For Loans up to Rs 1.60 Lac:
Primary : Hypothecation of Livestock and other assets Created out of Bank finance.
Collateral: (Aggregating all Agricultural loans) For Loans up to `1.60 Lac: - Nil
For Loans above `1.60 Lac: - Creation of Mortgage/Charge on land having Market value at least to the extent of 100% of loan amount.

Repayment

Repayment period will depend on the cash flow and will vary between 3-7 years.

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