To provide finance for establishment of dairy units for milk production.
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.
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
|| 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
Upto 25,000/- -NIL
Rs 25000/- to Rs 500.00Lakh @ Rs 120/- per lac or part
thereof, Maximum Rs 50,000/-.
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/-
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
Repayment period will depend on the cash flow and will vary between 3-7 years.