Kamadhenu | Union Bank of India

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Kamadhenu

UNION KAMADHENU

Features

Purpose:-

Union Kamadhenu is a scheme where dairy farmers are provided with financial assistance to purchase milch cattle.

Eligibility:-

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.

Quantum of loan:-

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/-.

Margin:-

Nil.

Security:-

Hypothecation of cattle.

Rate of Interest:-

Please click here to know our latest rate of interest.

Repayment:-

64 to 70 fortnightly installments.