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

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