18. Dairy Society Plus- Scheme for Financing Dairy Socities

Purpose

Bank finance dairy societies for modernization of the societies and for creating infrastructures like 
• Construction of “milk house or society office”
• Purchase of “Automatic milk collection system”
• Purchase of transport vehicles.
• Purchase of Bulk chilling unit

Eligibility

• ‘A’ grade milk societies – Registered & affiliated to district milk union.
• No adverse remarks in the audit report of previous 2 years.
• Supplying 1000 lit/day to milk union.
• Audited balance sheet for at least previous 2 years.
• Earning pre tax profits for the last two years.
• Borrowing from other banks, if any - prior liquidation and no due certificate are necessary.
• Borrowing powers as per bye-laws of the Society and Resolution to borrow from the bank.

Loan Amount: 

Upto 85% of the cost or four times the average profit of previous 2 years with a maximum of Rs 10.00 lacs

1. Milk house or society office Rs. 2 lakh
2. Automatic milk collection system Rs. 1 lakh
3. Milk transportation Rs. 3 lakh
4. Chilling Unit Rs. 4 lakh