Purpose
Agricultural Term Loans are provided for the purchase of assets / creation of assets/infrastructure relating to poultry, dairy development, Piggery, Sericulture, Apiculture, Fisheries Development etc.,
Eligibility
Persons taking up all kinds of activities under animal husbandry sector are eligible.
Loan Amount
Up to Rs.50,000 - 100 % of the cost of the asset / project cost is provided as loan. Above Rs 50,000 - up to 85 % of the cost of the asset/project is given as loan.
Documents needed
Estimate/quotation for the assets to be acquired/created. Project report in the case of large projects.
Disbursement of the Loan
Generally disbursements are made directly to the suppliers as per the schedule set in the proposal.
Security
| Amount |
Security to be furnished |
| Up to Rs 50,000 |
i. Hypothecation of assets acquired.
ii. Mortgage of land or Third party guarantee |
| Above Rs 1,00,000 |
i. Hypothecation of assets acquired.
ii. Mortgage of land. |
Rates & Interest
Please refer rates & charges page
Repayment
Repayment varies from 3 to 9 years.