Cent Dairy Scheme

Purpose

To provide finance for establishment of dairy units for milk production.

Eligibility

Individuals, farmers, groups of farmers, firms, companies, societies, NGOs etc.

Quantum of loan

Unit cost excluding Margin Money.
Based on viability of the project and repaying capacity of the borrower/s.

Margin

For loans uptoRs1.60 lakh : Nil
For loans above Rs1.60 lakh and uptoRs5 lakh : 10%
For loans above Rs5 lakh and uptoRs10 lakh : 15%
For loans above Rs10 lakh : 20%

Rate of Interest

 

 Limit

 Rate of interest %

 UptoRs3,00,000/-

  MCLR + 1

 AboveRs3.00 Lakh to uptoRs10 lakh

  MCLR + 2.30

 Above Rs10 lakh to uptoRs100lakh

  MCLR + 2.90

 Above Rs100 lakh

  As per rating of Borrower

 

Processing Charges

Upto 25,000/- -NIL

Rs25000/- to Rs500.00Lakh @ Rs120/- per lac or part thereof, Maximum Rs50,000/-.

 

Inspection Charges

Up to Rs 2 lakh : Nil
More than Rs2 lakh up to Rs5 lakh : Rs200/-
More than Rs5 lakh up to Rs50 lakh : Rs500/-
Above Rs50 lakh to Rs 100 lakh : Rs2000/-

Security

For Loans up to Rs 1.60 Lac:
Primary :  Hypothecation of Livestock and other assets Created out of Bank finance.

Collateral: (Aggregating all Agricultural loans) For Loans up to `1.60 Lac: - Nil

For Loans above `1.60 Lac: - Creation of Mortgage/Charge on land having Market value at least to the extent of 100% of loan amount.

 

Repayment

Repayment period will depend on the cash flow and will vary between 3-7 years