Objective

To improve dairy/meat processing/animal feed plant and value addition infrastructure in the country

Nature and Purpose of Advance

Term loan & Working capital facility for Individual entrepreneurs/private companies/MSME units/FPO/Section 8 companies to establish:

Dairy processing and value addition infrastructure

Meat processing and value addition infrastructure

Animal feed plant

Quantum of Loan

Minimum- No Minimum

Maximum- No Minimum

Security

Credit Guarantee will be provided only for those projects which are viable and are covered under MSME defined ceilings and the guaranteed coverage would be up to 25 % of the Credit facility available to the Borrower.

In other cases:

Up to Rs. 2.00 Lakhs:  Hypothecation of assets created out of loan. Nil Collateral

Above Rs. 2.00 Lakhs: Loan should be adequately secured by way of immovable property whose value is not less than/ equal to the loan amount.

Margin

Micro & Small enterprise - 10% of the project cost

Medium enterprise - 15% of the project cost

Others - 25% of the project cost

Repayment

Maximum 10 Years

Holiday Period

Maximum 24 Months

Rate of Interest

For MSME Projects: RLLR (9.10% at present) + 2.00% = 11.10% at present

For Other Projects:

Up to Rs.5 Lakhs - 1 Year MCLR (9.10% at present) + 1.40% (spread) = 10.50% at present.

Above Rs. 5 Lakhs up to Rs. 25 Lakhs - 1 Year MCLR (9.10% at present) + 2.25% (spread) = 11.35% at present.

Above Rs. 25 Lakhs up to Rs. 1.00 crs - 1 Year MCLR (9.10% at present) + 2.75% (spread) = 11.85% at present.

Above Rs. 1.00crs - 1 Year MCLR (9.10% at present) + 3.25% (spread) = 12.35% at present.

Interest Subvention

3 % for all Eligible Entities provided by Department of Animal Husbandry and Dairying

Processing Charges

Up to Rs. 50,000/- Nil

Above Rs. 50,000/- 0.25%