| Purpose / Objective | * Term loan : Purchase of vehicle used in transportation and other accessories required.
* Secured Over Draft : To meet the credit requirements for purchase and maintaining milch animals owned by him / other farmers who supply milk to vendors / borrows or group of dairy farmers. |
| Eligibility | * Milk vendors collecting milk either from retail or wholesale, supplying to various chilling plants.
* Preferably vendors having tie up with reputed dairy / hotels etc. |
| Amount of Loan | * 15 times of the average cost of milk procured by the milk vendors per day or 90% cost of vehicle / other equipments.
* Minimum milch cattle two by any borrower/ farmers preferably crossbred animals. |
| Interest Rates | Repayment up to 36 months(SEC OD) :
| Amount Slab(Rs. in Lakhs) |
Interest Rate |
| <0.50 |
BPLR less 1.75% |
| >0.50 to 2.00 |
BPLR less 0.50% |
| >2.00 to 5.00 |
BPLR + 0.50% |
| >5.00 |
BPLR + 1.00% |
Repayment above 36 months(TL) :
| Amount Slab(in Lakhs) |
Interest Rate |
| <0.50 |
BPLR + TP less 1.75% |
| >0.50 to 2.00 |
BPLR + TP less 0.50% |
| >2.00 to 5.00 |
BPLR + TP + 0.50% |
| >5.00 |
BPLR + TP + 1.00% |
|
| Repayment | 10 to 14 half yearly installments. |
| Security | Hypothecation Of vehicle to be purchased / mortgage of land / house value equivalent to double the loan amount and guarantee from suitable person. |
| * BPLR and BASE RATE - Available in Home Page | |
