Financing growth & transforming rural India.
Bank of Baroda, for rural India, with rural India.
Scheme for Financing Mini Dairy Units
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Benefits
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Features
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Eligibility Criteria
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Document Required
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Fees & Charges
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Most Important Terms and Conditions (MITC)
Scheme for Financing Mini Dairy Units : Benefits
- 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
Scheme for Financing Mini Dairy Units : Features
This scheme helps to establish new small dairy units with 2 to 10 milch animals
Scheme for Financing Mini Dairy Units : Eligibility Criteria
Individuals, Farmers, Members of NGOs/SHGs/JLGs.
Scheme for Financing Mini Dairy Units : Document Required
- KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
- Passport Size photo
- Land Record
- Quotation/Invoice (if available)
Scheme for Financing Mini Dairy Units : Fees & Charges
Processing charges:
- Waived upto Aggregate Agriculture exposure upto Rs. 3.00 Lakhs
- Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs
Inspection Charges:
- Waived upto Aggregate Loan Agriculture exposure upto Rs. 3.00 Lakhs
- Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
- Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
- Above Rs 1 Crore - Rs 5000
Scheme for Financing Mini Dairy Units : Most Important Terms and Conditions (MITC)
| 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 |
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| Margin | Minimum 10% |
| Rate of Interest |
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| Other Informations |
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