Purpose

For construction of shed, purchase of milch animals, milking machine, chaff cutter or any other equipment required for the purpose. 

Eligibility

(1) Individual farmers who are members of the milk procuring societies or located on milk route

(2) They should be less than 65 years of age .

(3) Individual dairy unit having less than 10 animal - should own minimum 0.25 acre of land for every 5 animals for growing fodder and be in a position to procure the balance requirements locally.

(4) Individual dairy unit having 10 animals and above - should own or lease a minimum of one acre of land for cultivation of fodder for every 5 animals.

Loan Amount:

100% of the cost for loans upto Rs 50000/
90% of the cost for loans above Rs 50000/ with a maximum of Rs 5 lakhs as Term loan

Working Capital: A working capital @ Rs.2500/- per animal per year may be Sanctioned for purchase of feed, fodder and medicine along with the term loan 

Security 

Hypothecation of assets created out of bank finance for loans upto Rs 1.00 lac .
For loans Over Rs.1 lac -Mortgage of landed property (or) third party guarantee 
Worth for loan amount (or) group guarantee of other 2 dairy farmers.