DAIRY FARMING

Purchase of Milch Animals & Establishment of Dairy units

Scheme

Purpose

Purchase of milch animals (cows or she-buffaloes)

Construction of shed for accommodating the milch cattle, milking shed, feed room, provision of water facilities, etc., as an integral part of a dairy farm to be set up or under expansion.

Purchase of dairy equipment's, milk testing equipment's, etc.

Establishment of fodder farms.

Rearing crossbred female calf from 4 months to 28 months of age under Heifer Calf Rearing Scheme.

Financing of dairy Co-operative societies for construction of milk houses (a house containing society's office, feed store, milk collection booth and farmers' meeting hall) can also be considered

Eligibility

Target Audience

Individuals, Proprietary concern, Partnership Firm, Private Limited Company, Public Limited Company, LLP, OPC etc.

Age Criteria

Minimum 18 years

Other Criteria

Applicant should have aptitude and experience in dairy farming/ rearing of milch cattle.

Sufficient space to accommodate the milch animals and adequate water facility with regular supplies of fodder should be available.

Financials

Quantum

No Minimum & No Maximum

Margin

Up to Rs.2.00 Lakhs - Nil

Above Rs.2.00 lakhs - 15% to 25% on the project cost

Rate of interest -Without tie up

Ranges from 10.15% - 11.30% as per rating

Rate of interest - With tie up

Ranges from 9.30% - 10.25% based on amount

Processing charges

Up to Rs.50,000/- Nil

Above Rs.50,000/- & up to Rs.3.00 Lakhs - 0.30% of the loan amount

Above Rs.3.00 Lakhs - 0.71% of the loan amount

Tenure

Repayment period

60 Months for purchase of Milch cattle

72 Months for construction of sheds, purchase of animals and equipment.

Holiday period

6 to 12 months if construction is involved

Security

Up to Rs.2.00 Lakhs

Hypothecation of assets

Above Rs.2.00 Lakhs

Hypothecation of assets & Suitable Collateral or TPG at the Discretion of the Bank.