This is a short-term facility extended for one year on a revolving basis, to meet working capital requirements of the business. The facility is designed to provide financing on easy terms with minimum documentation.
Purpose
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Purchase of animal fodder and feeds
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Vaccinations, vitamins, and other medications for animals including artificial insemination
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Overhead expenses, i.e., labor, fuel, electricity, etc.
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Concentrates like cottonseed, cottonseed cake, other additional expenditures, distribution costs, transportation charges on farm milk processing, pasteurization, and standardization, etc.
Salient Features / Terms and Conditions
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Applicant must be between 18 to 64 years of age
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Running Finance Facility valid for 1 year
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Option to use limit as per the requirement of the farmer
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Withdrawals and deposits at any time
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This financing facility is also available for women dairy farmers
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Markup will be charged on the amount utilized / withdrawn (outstanding debit balance)
This is a term finance facility extended to running dairy farms for asset purchase and construction of animal sheds, fencing, and enclosures at the business place, etc. Loans extended under this category will be repayable in installments. The Bank will allow financing for the following purposes. A customer can avail a loan for more than one purpose.
Purpose
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Purchase of mature, milk-yielding buffaloes/cows
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Purchase of young animals for rearing for dairy farming
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Milk storage chilling tanks and milk carrying containers
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Purchase of feed grinders, tokas, feed mixing machines, and feed/milk containers
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Utensils for animal feeding, calf feeders, bangles, rope, iron chains
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Construction/procurement of permanent sheds, water tanks, water pumps, tube wells, and generators
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Fencing and enclosures
Salient Features / Terms and Conditions
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Applicant must be between 18 to 64 years of age
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Monthly / quarterly easy installments
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Tenure of the loan: 1 to 5 years
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This financing facility is also available for women dairy farmers
Disclaimer: Terms & Conditions apply. The bank reserves the right to reject any loan application for any reason.