Commercial Dairy Loan
Beneficiary |
Any Individual, Partnership Firm, Corporate body and any other Cooperative organization. |
Purpose |
To increase the income of milk producers by helping them to purchase High yielding cattle and establishing new units shed & other Equipment's |
Loan Limit |
Maximum amount up to RS. 50.00 Lakhs. |
Rate of Interest |
10.25% |
Margin |
15% |
Repayment Period |
Maximum 9 Years including 2 years moratorium period in which only Interest is to be recovered. on monthly basis. |
Collateral Security |
Mortgage of landed property value of 150% of loan amount which shall be calculated by mean value of collector. value & Market value. |
Mini Dairy Loan
Beneficiary |
Members of Coop. Milk Producers Society/ PACS. |
Purpose |
Purchase of 2 to 10 Milch cattle. |
Loan Limit |
Maximum amount up to RS. 5.00 Lakhs @ RS. 0.50 lakh per animal |
Rate of Interest |
10.25% |
Margin |
15% |
Repayment Period |
Maximum 5 Years including moratorium period of 3 Months. |
Collateral Security |
Mortgage of landed property having value of 150% of loan amt., which shall be calculated by mean value of Govt. value & Market value. |