Agriculture & Allied Activities

Purpose of the Loan : For purchase of milk Cows and construction of Dairy set for production and sale of Milk.
Target Groups: Any individuals/ JLG /SHG under priority sectors.
Age of Borrower : 18 to 60 Years.
Type of Advance : Term Loan.
Quantum Of Advance: 80% of the scheme / Project Cost prepared by District Veterinary department or Dairy Development Department.
Margin of the Loan : 20% of the Project cost.
Rate of Interest : @12.50% P.A.
Repayment : Maximum 57 numbers EMI with 3 months gestation period.
Primary : Hypothecation of Cows and Set. The cows must be insured with our approved insurance company.
Additional : @5% of liquid security in the name of applicant or Guarantors.
Two personal Guarantee having sufficient net worth. N.B.- For Loan above Rs.10.00 Lakhs mortgage should be insisted as mention in credit policy.
Linking Share : @2.50% of the loan amount.
Process Fees : @1% of the loan amount.
Disbursement : Disbursement of cost of Cows should be made to the sellers .The disbursement against purchase of cows and regarding good health of the cows must be certified by the veterinary Doctor /Department . The endues of the fund regarding construction of set must be insured by the visit of the branch official.
Sponsored of Project/ Scheme : Branches should preferred to sanction veterinary department / Dairy Development Department sponsored scheme so that the applicant may be benefited with getting subsidy and bank also better position for reduction/ Repayment of the loan.

Purpose of the Loan : For construction of new Fishery/ Renovation and extension of existing Fishery , to develop low laying area not fit for cultivation for production of Fish.
Target Groups: Any individuals/Partnership/ JLG /SHG under priority sectors.
Age of Borrower : 18 to 60 Years.
Type of Advance : Term Loan.
Quantum Of Advance: 80% of the scheme / Project Cost prepared by District Fishery Officer or any central /State / Corporation related with picsi culture.
Margin of the Loan : 20% of the Project cost.
Rate of Interest : @12.50% P.A.
Repayment : Maximum 60 numbers EMI with 9 months gestation period.
Primary: Equitable mortgage of Land / Lease agreement of the land where construction /Development of the Fishery will be made.
Additional :@5% of liquid security in the name of applicant or Guarantors.
Two personal Guarantee having sufficient net worth.
Linking Share : @2.50% of the loan amount.
Process Fees : @1% of the loan amount.
Disbursement: Phase wise disbursement will be made after verification of the endues of Fund . A completion certificate must be obtained by the Fishery Department / Central /State / Corporation related with picsi culture.
Sponsored of Project/ Scheme : Branches should preferred to sanction Fishery department / Central /State / Corporation related with picsi culture sponsored scheme so that the applicant may be benefited with getting subsidy and bank also better position for reduction/ Repayment of the loan.

Purpose of the Loan : For Production of meat of poultry and piggery.
Target Groups: Any individuals/ JLG /SHG under priority sectors.
Age of Borrower : 18 to 60 Years.
Type of Advance : Term Loan
Quantum Of Advance: 80% of the scheme / Project Cost prepared by District Veterinary department or Poultry Development Department.
Margin of the Loan : 20% of the Project cost.
Rate of Interest : @12.50% P.A.
Repayment : Maximum 60 numbers EMI with 9 months gestation period.
Primary : Hypothecation of Poultry and Piggery.
Additional : @5% of liquid security in the name of applicant or Guarantors.
Two personal Guarantee having sufficient net worth.
Linking Share : @2.50% of the loan amount.
Process Fees : @1% of the loan amount.
Disbursement : Phase wise disbursement will be made after verification of the endues of Fund.
Sponsored of Project/ Scheme : Branches should preferred to sanction Veterinary department or Poultry Development Department sponsored scheme so that the applicant may be benefited with getting subsidy and bank also better position for reduction / Repayment of the loan.