DAIRY PLUS SCHEME FOR FINANCING DAIRY UNITS
For construction of shed, purchase of milch animals, milking machine, chaff cutter or any other equipment required for the purpose.
Who are eligible?
Individual farmers who are members of the milk procuring societies or located on milk route.
They should be less than 65 years of age.
Individual dairy unit having less than 10 animal - should own minimum 0.25 acre of land for every 5 animals for growing fodder and be in a position to procure the balance requirements locally.
Individual dairy unit having 10 animals and above - should own or lease a minimum of one acre of land for cultivation of fodder for every 5 animals.
Only buffaloes producing more than 7 litres of milk per day and cows producing more than 8 litres of milk per day are financed
Animal purchase should be in 2 batches
Animals in first and second lactation alone are eligible for finance
100% of the cost for loans upto Rs 100,000/
90% of the cost for loans above Rs 100,000/ with a maximum of Rs 5 lakhs as Term loan
WORKING CAPITAL: A working capital @ Rs.2500/- per animal per year may be Sanctioned for purchase of feed, fodder and medicine along with the term loan
Hypothecation of assets created out of bank finance for loans upto Rs 1.00 lac .
For loans Over Rs.1 lac -Mortgage of landed property (or) third party guarantee
Worth for loan amount (or) group guarantee of other 2 dairy farmers.
How do you repay
The loan should be repaid in monthly installments over a period of 5 lactations.
How to apply for this loan
You may contact our nearest branch or talk to the marketing officers visiting your village.