Scheme for Financing Mini Dairy Units

Nil Processing Charges for aggregate loan upto Rs 3.00 Lakhs
Nil Inspection Charges for aggregate loan upto Rs 3.00 Lakhs Low Margin upto 10%
Minimum 2 and Maximum 10 cows can be financed
Per animal cost is considered as provided by NABARD for the concerned state

This scheme helps to establish new small dairy units with 2 to 10 milch animals

Individuals, Farmers, Members of NGOs/SHGs/JLGs.

Age Criteria	Minimum 21 years and Maximum up to 65 years as on the date of availing facility
Quantum of Loan	Per animal cost as provided by Regional Offices of NABARD of the concerned state
Nature of Facility	Term Loan
No of Animals can be financed	Minimum 2 and Maximum 10
Repayment	Maximum period: Not exceeding -5- years (including moratorium Period of three months).
Security	Loans upto Rs.1.60 Lakh: Hypothecation of livestock Loans above Rs.1.60 Lakhs and up to Rs.2 Lakhs: Hypothecation of live stocks Mortgage of land or third party guarantee Loans above Rs.2 Lakhs: Hypothecation of live stocks Mortgage of land Third Party Guarantee
Margin	Minimum 10%
Rate of Interest	Limit upto Rs 3.00 Lakhs: One year MCLR Limit above Rs 3.00 Lakhs upto Rs 6.00 Lakhs: MCLR+SP+0.25% Above Rs 6.00 Lakhs: MCLR+SP+1.25%
Other Informations	Comprehensive Insurance with Bank Clause is required Nil Processing and pre inspection charges upto Rs 3.00 Lakhs