|
Objective |
|
The main
purpose of the this scheme is to purchase high quality breed cattle with
more yielding capacity. It also aims to purchase the modern machinery for
diary development and improve the profitability. |
|
Eligibility |
|
All the
Farmers (Kisans) with good Track Record with Bank and with the experience in
dairy field. |
|
Loan Limit |
|
Loan amount is decided according to the units
of the Dairy. |
|
Security |
|
1.Charge
(hypothecation) on cattle by the Bank
2.Mortage the 200% of the land
of the loan amount. |
|
Interest |
|
Up to 2 Lac's - 11.5%
More then 2 lac's - 13.0% |
|
Repayment |
|
In 5 yrs. in equal
monthly installments. |
| |
