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 | | Link to: Saubhagya MicroCredit |
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| Union Kamadhenu |
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| Features | | | | Forms & Documents | | | | FAQs | | |
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| Union Kamadhenu |
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| Purpose:- |
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| Union Kamadhenu is a scheme where dairy farmers are provided with financial assistance to purchase milch cattle. |
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| Eligibility:- |
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| To avail the loan, the smart card holder under NDDB project should have received at least 2 fortnight payments in his account or payment transaction carried out for a period of one month, whichever is later. The second aspect is that the average fortnight milk proceeds received by pourer shall be 40% more than the loan installment chosen. |
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| Quantum of loan:- |
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| Under the scheme, term loan of Rs.40000/- or Rs.50000/- can be sanctioned for purchase of two Milch Cattle. Minimum loan amount is Rs.40000/- and next slab is Rs.50000/-. |
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| Margin:- |
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| Nil. |
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| Security:- |
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| Hypothecation of cattle. |
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| Rate of Interest:- |
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| Please click here to know our latest rate of interest. |
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| Repayment:- |
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| 64 to 70 fortnightly installments. |
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| 1. How will the loan amount be decided? |
| Loan amounts can be considered as per the requirement and category of the milk pourer: say Rs.40000/- loan is minimum ticket size for pourers of entry level. The pourer of the higher category may be financed at higher level of Rs.50000/- depending up on their income flow and on satisfactory repayment of first loan; he may be offered higher slab based on his repayment capacity. |
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| 2. What is the maximum number of milch cattle bank will finance? |
| The maximum number of milch cattle financed by bank is two. |
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| Product Testimonial |
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| Quick Links |
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 | | Link to: Union White Card |
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