Allied Activities | Union Bank of India

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Allied Activities

ALLIED ACTIVITIES [ACTIVITIES ALLIED TO AGRICULTURE]

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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 click here to know our latest interest rates

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 .

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ALLIED ACTIVITIES [ACTIVITIES ALLIED TO AGRICULTURE]

Features

Forms & Documents

FAQs

Internet Banking