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Rural & Agri  Long Term Credit  Allied Activities
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Allied Activities [Activities allied to Agriculture]
FeaturesForms & DocumentsFAQs
 
LOAN FOR AGRICULTURE ALLIED ACTIVITIES
 
What is the purpose of providing loan for Allied Activities?

The purpose behind providing loan for allied activities is to give hassle free and adequate credit i.e. working capital and term loan for agriculture allied activities, mainly livestock rearing, like Dairy, Poultry, Goatery, Piggery, sheep rearing, etc.
 
Eligibility:-
 
Individuals/SHGs having knowledge in running the activity.
 
Quantum of loan:-
 
As per the NABARD, the quantum of loan will depend on the unit cost with applicable margins subject to economic viability.
 
Margin:-
 
Up to Rs.1,00,000/- - Nil

Above Rs.1,00,000/- - 10% to 15%.

Subsidy if any will be treated as part of margin.

 
Security:-
 
  • Up to Rs.1,00,000/- -- Hypothecation of assets/crops be taken.
  • Above Rs.1,00,000/- -- Mortgage of land and/or third party guarantee will be taken in addition to hypothecation of crop or asset.
 
Rate of Interest And Processing charges:-
 
Please contact the nearest Union Bank branch for details
 
Repayment Period:-
 
3 to 6 years.
 
Insurance:-
 
All movables of the unit will be insured as per norms. Insurance of poultry birds is optional. The poultry borrower can contribute towards a separate risk fund in lieu with insurance .
I Anup Kumar Das, Son of Late Jiban Krishna Das, residing at Vill.- Paschim Nandabhanga, P.O.- Bakhrahat, P.S.- Bishnupur, Dist.- South 24-Parganas, West Bengal
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