| 13. Dairy development
Purpose:
1. To establish small dairy unit with 2 to 4 milch cattle.
2. To establish new medium /large unit.
3. Collection, processing ,distribution of milk & manufacturing of milk products.
4. Purchase of improved/crossbreed milch cattle.
5. Construction of cattle shade.
Eligibility: Farmer, Registered partnership firm, ltd companies, dairy co-operative societies, SHGs (For Commercial Dairy, submission of project report is necessary)
Security:
Loan upto Rs. 100,000/-:Hypothecation of live stocks etc.
Loans above Rs. 100,000 /-:
(i) Hypothecation of live stocks
(ii) Mortgage of land OR declaration as per agril. credit act OR collateral security of adequate worth.
(iii) 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.
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14. Scheme for Financing against Pledge of ware house Receipt and/or Hypothecation of Farm produce
Purpose: To provide finance/ funds to the farmers for their farm/ off-farm needs and to help farmers avoid distress sale of their produce.
Eligibility: Non defaulting individual farmers (owner/ tenant farmer & share cropper), group of farmers (JLGs), engaged in production of crops suitable for storage in warehouse/ godown/ cold storage/ regulated market yards, etc.Farmers enjoying KCC facility as well as non-borrower farmers are eligible
Quantum of finance: 70% to 60% of market value of farm produce depending upon accreditation of warehouse with WDRA. Maximumm Rs.50 lakh.
Security:
- Farmers enjoying KCC – Hypothecation of farm produce/ pledge of warehouse receipts
- Other farmers – Pledge of warehouse receipts.
- Margin: 30% to 40% ( WDRA Accredited – 30% and non Accredited - 40%)
Rate of Interest (Other than Small & Marginal Farmers )
- Upto Rs.3 lakh - 1% over Base Rate
- Over Rs.3 lakh to Rs.10 lakh – 1.5% over Base Rate
- Over Rs.10 lakh to Rs.50 lakh – 2% over Base Rate
Small/ Marginal Farmers – who are enjoying KCC facility may get Interest subvention for maximum period of 6 months – upto a limit of Rs.3 lakh.
Repayment: To be liquidated within 12 months from the date of disbursement
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