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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 RatesRepayment 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%

Repayment10 to 14 half yearly installments.
SecurityHypothecation 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 



 
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