Animal Husbandry schemes for farmers

 Animal Husbandry

Type of Facility

Term Loan (ATL) &/or Cash Credit (CC)

Purpose

 Purchase of Milch Animals like Cows/Buffaloes etc

 Purchase of Draft Animals like Bullock /Camel etc

 Poultry: Broiler / Layers Farm, Hatchery, Feed Mill

 Sheep/Goat: Rearing

 Construction of Byre, Purchase of equipment / machinery

 Working Capital Requirements.

Eligibility

 All farmers- Individual / Joint landholders

 Tenant Farmers, Share Croppers, Oral Lessees

 SHG’s/JLG’s of farmers

(Who have necessary expertise)

Amount

 Animal: As per NABARD unit costs

 Others:As project Cost / Estimates/ Price quotations.

Margin

 Limit up to Rs 1.00 Lakh- NIL

 Limit above Rs 1.00 Lakh-15% to 25%

(Depending upon purpose & quantum of finance)

Rate of Interest

ROI shall be as applicable to Agricultural advances

Security

 Hypothecation of Animals/Plant Machinery to be purchased

 Third Party Guarantee ( Two) / Mortgage of land.

Repayment

Within 3 to 7 years with suitable monthly/ quarterly/ half yearly installments.

Other Terms & Conditions

Insurance of all animals/birds & equipments/machineries purchased is essential.

Paper requirement

1. Loan application ie Form No -138,&Enclosure – B2

 All 7/12, 8 A, 6 D extracts, Chatu Sima of the applicant

 No dues certificates of the applicant from surrounding financial institutions including PACS

 Legal search from advocate on Bank’s panel for loans above Rs.1.00 lakh where land is to be mortgaged

 Price quotations/ Plan estimates / Permissions etc. depending up on the purpose of loan

2. Guarantee form F-138

 All 7/12, 8 A & PACS dues certificate of the guarantors