ESAF Dairy Development Loan
- For Purchase and maintenance of good quality milch animals for milk production
- Construction of shed(s) for keeping the animals and purchase of dairy machinery and equipment
Features
Salient Features / Terms & Condition
- Eligible for Individual undertaking dairying as subsidiary activity & Undertaking commercial dairy as main activity
- Borrower Age: Min 25- Max 65 Years
- Borrower should own land in their name (land tax receipt shall be obtained as proof)
Loan Tenure
Loan Size
- Rs.1.6 lakh without margin & collateral
- Rs.10 lakh with 15% margin & collateral
Pre- Sanction documents
- Application form
- DPN
- Hypothecation agreement
- KYC documents
- 06-month bank statement from active bank account
- Proposed Project report (Must for more than 3 cattle)
- Copy of land/building documents –(for creation of mortgage)
TAT for Processing
- Within 7 days from the date of receipt of all supporting documents.
Interest Rate
- Repo Rate + (13.08% to 14.33%)
