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Dairy Loan

Dairy Loan

Target Group & Eligibility

  • 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.

Types of facilities available

  •  Term Loan
  • Cash Credit

Purpose

  • 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.

Quantum of finance /  Assessment

  • 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 fee & other 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.

*MCLR Rate available in Home page

( Last modified on May 12, 2021 at 11:05:49 AM )

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