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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