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Overview – Agriculture Finance – Poultry Farming

Agriculture Finance for Poultry Farming facility is designed to cater to the financial requirements of the farmers associated with Hatchery and/or Poultry Farming, i.e., Broiler & Layer Farming (except Breeder Farming) sector(s).

The Bank will provide two types of financing facilities to the established farms based on the purpose under each segment:

  • Working Capital Finance – Poultry Farming

  • Development Finance – Poultry Farming

Financing under this category is 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. A customer can avail a loan for more than one purpose.

Purpose

  • Purchase of eggs, birds/day-old chicks

  • Purchase of bird feed and feed raw material

  • Vaccination, vitamins, and other medication for poultry birds; sawdust, wood, coal, medicines, water filter cartridges

  • Overhead expenses, i.e., labor, utility bills, cost of fuel for generators & vehicles, transportation, etc.

  • Any other item required to meet day-to-day expenses for running a poultry farm

Salient Features / Terms and Conditions

  • Applicant must be between 18 to 64 years of age

  • Credit availability for one year

  • Option to use limit as per the requirement of the farmer

  • Withdrawals and deposits at any time

  • This financing facility is also available for women associated with poultry business

  • Markup will be charged on the amount utilized / withdrawn (outstanding debit balance)

This is a term finance facility, repayable in installments, extended to running poultry farms for asset purchase and construction of sheds, fencing, and enclosures at the business place. A customer can avail a loan for more than one purpose.

Purpose

  • Purchase of equipment/machinery for farm & hatchery

  • Farm construction for broiler, layer, hatchery construction & silos (concrete & steel)

  • Sheds/semi-controlled sheds/control sheds, automatic drinkers/tube feeders, generators, ventilators, table egg storage refrigeration plants

  • Low-cost durables like utensils for water/feed, chick guards, spray pumps, fumigants, weighing machines, tubs, water nipples, laying nets, PVC pipes & crates, etc.

  • Any other item required for the establishment of the poultry industry

Salient Features / Terms and Conditions

  • Applicant must be between 18 to 64 years of age

  • Credit availability for 1 to 5 years*

  • This financing facility is also available for women associated with poultry business

  • Tenure for purchase of machinery/equipment cannot exceed the useful life of the asset

Disclaimer: Terms & Conditions apply. The bank reserves the right to reject any loan application for any reason.

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