Cent Poultry Scheme

Purpose

To finance for establishment and running of Poultry Farms/ Units

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.

Nature of facility

Term Loan/Cash Credit

Margin

Upto Rs. 5.00 Lakh – 20% of project cost
Above Rs. 5.00 Lakh – 25% of project cost

Security

Primary Security: Hypothecation of assets created out of Bank Finance
Collateral Security : Upto Rs. 2 Lakh – NIL
Upto Rs. 10.00 Lakh – No collateral, to be covered under NCGTC Guaran
*Above Rs. 10.00 Lakh – As per circular

Interest Rate

Upto Rs 3.00/- Lakh -
Above Rs 3.00 Lakhs upto Rs 10.00 Lakh
Above Rs 10.00 Lakh upto Rs 100.00 Lakh

MCLR (12M) + 1%
MCLR (12M) + 1.15%
MCLR (12M) + 1.25%

Repayment

*Short term loan for layers – in 18 months
*Short term loan for broilers – in 12 months