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Purpose
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To finance for establishment and running of Poultry Farms/ Units |
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Eligibility |
For Govt. Sponsored scheme: Small & Marginal farmers, landless labourers or other persons who are un-employed/ under employed and want to venture in poultry farming for income generation. For Commercial activity: The borrower should be well experienced in running poultry unit and should be Engaged/ desirous of engaging himself in such an activity on commercial basis as his main vocation. |
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Nature of facility |
Term Loan/Cash Credit |
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Margin |
Up to Rs. 5.00 Lakh – 20% of project cost Above Rs. 5.00 Lakh – 25% of project cost
|
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Security
|
Primary Security: Hypothecation of assets created out of Bank Finance Collateral Security : Up to Rs. 2 Lakh – NIL Up to Rs. 10.00 Lakh – No collateral, to be covered under NCGTC Guaran *Above Rs. 10.00 Lakh – As per circular |
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Interest Rate
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Up to Rs 3.00/- Lakh : MCLR (12M) + 1% Above Rs 10.00 Lakh u pto Rs 100.00 Lakh : MCLR (12M) + 1.25% |
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Repayment
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*Short term loan for layers – in 18 months *Short term loan for broilers – in 12 months |
