Dairy Loan

Target Group:

• Individual farmers [including Self Help Groups (SHGs) and Joint Liability Groups (JLGs)], Corporates including Farmer producer companies of individual farmers, Partnership firms and Co-operatives of farmers directly engaged in Agriculture and Allied activities.

Objective:

• Term Loan: For setting up of Dairy unit (Purchase of high yielding Milch Animals, Construction of Shed, Purchase of Equipments, Cultivation of Green Fodder, Initial Concentrate feed during first month of lactation).
• Cash Credit: To meet short term working capital requirements (Feed, labour, Veterinary aid etc.) under KCC Animal Husbandry model.

Type of Facility:

• Term Loan.
• Cash Credit.

Quantum of finance:

• Term Loan: Based on Unit cost fixed by NABARD / individual project cost.
• Cash Credit: Limit to be arrived based on Scale of Finance fixed by DLTC.
• MUDRA: Term loan or Working capital up to maximum of Rs.10.00 lakhs.

Margin Norms:

• For Limit up to Rs.1.60 Lakhs – NIL.
• Limit above Rs.1.60 Lakhs – 15% to 25% of project cost.
• Under MUDRA: Shishu – Nil, Kishore – 10%,  Tarun – 15%.

Repayment Period:

• Term Loan: Maximum 72 months including gestation period of 1 month. Wherever construction of shed is involved, maximum holiday period  of 12 months. Loan amount repayable in Monthly / Quarterly installments.
• Cash Credit:  The entire cash generated to be routed through Cash Credit account only.

Processing Charges:

• Term Loan:

Upto Rs. 25000/- : NIL

Above Rs. 25000 : 0.50% of the limit sanctioned

• Working Capital:

Upto Rs. 25000: NIL Above

Rs. 25000/- up to Rs. 50 Lakh: Rs. 250 per lakh or part thereof Min. of Rs. 250

Above Rs. 50 Lakh: Rs. 350 per lakh or part thereof.

Rate of Interest:

• Please refer the Lending Rates link on home page in our Bank’s Website www.indianbank.in.