Dairy development
Purpose:
To establish small dairy unit with 2 to 4 milch cattle.
To establish new medium /large unit.
Collection, processing ,distribution of milk & manufacturing of milk products.
Purchase of improved/crossbreed milch cattle.
Construction of cattle shade.
Eligibility: Farmer, Agriculture labours, Registered partnership firm, limited 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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