• Scheme For Financing Mini Dairy Units

Financing growth & transforming rural India.

Bank of Baroda, for rural India, with rural India.

Scheme for Financing Mini Dairy Units

  • Benefits
  • Features
  • Eligibility Criteria
  • Document Required
  • Fees & Charges
  • 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
  • Loans upto Rs.1.60 Lakh: Hypothecation of livestock
  • Loans above Rs.1.60 Lakhs and up to Rs.2 Lakhs:
    1. Hypothecation of live stocks
    2. Mortgage of land or third party guarantee
  • Loans above Rs.2 Lakhs:
    1. Hypothecation of live stocks
    2. Mortgage of land
    3. 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

Related Products

Add this website to home screen

Are you Bank of Baroda Customer?

Yes No

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, Privacy Policy and Terms & Conditions please click here. By continuing to browse this website, you consent to our use of cookies and agree to the Privacy Policy and Terms & Conditions.