AGRI POULTRY

Finance To Poultry Units

Scheme

Purpose

Loan for construction of brooder/ grower and layer sheds, feed Godown, labour quarters etc.,/ Purchase of poultry equipment such as cages, feeders, waterers etc.,/ Creating infrastructure items for supply of electricity, feed, water etc.,/ Purchase of day-old chicks or ready to lay pullets/ any other innovative activity adopted by unit for increasing production or better management, Purchase of existing poultry units / Outright purchase etc.

Eligibility

Target Audience

Individuals, Proprietary concern, Partnership Firm, Private limited company, Public limited company, LLP, OPC, NBFC's (For onward lending to poultry activities), cooperative societies etc.

Other Criteria

The projects/ activities proposed should have all requisite permissions/ licenses/ approvals from competent authorities wherever applicable and applicant should have sufficient knowledge/ experience in the activity undertaken.

Financials

Quantum

No Minimum & No Maximum

Margin

Up to Rs.2.00 Lakhs - Nil

&

Above Rs.2.00 lakhs - Minimum 25% on the project cost

Rate of interest

Ranges from 9.25 % to 9.95% based on rating.

Processing charges

Up to Rs.50,000/- Nil

Above Rs.50,000/-

Working capital - 0.40% + applicable GST &

Term loan - 0.71% + applicable GST

Tenure

Repayment period

Maximum 120 months including moratorium period

Holiday period

Maximum 18 months

Security

Up to Rs.2.00 Lakhs

Hypothecation of assets created out of bank finance

Above Rs.2.00 Lakhs

Hypothecation of assets created out of bank finance + Suitable Collateral with 100% coverage for the loan amount.