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Animal Husbandry

Animal Husbandry
Type of FacilityTerm 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 InterestROI shall be as applicable to Agricultural advances
Security
  • Hypothecation of Animals/Plant Machinery to be purchased
  • Third Party Guarantee ( Two) / Mortgage of land.
RepaymentWithin 3 to 7 years with suitable monthly/ quarterly/ half yearly installments.
Other Terms & ConditionsInsurance 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