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Image  FINANCE TO POULTRY SECTOR

Objective

  • Financing to the poultry units like commercial layer, broiler, poultry breeding etc

Purpose

  • For meeting the requirements as under;
  • Construction of brooder/grower and layer sheds, feed godown, labourquarters etc.
  • Purchase of poultry equipment such as cage, feeders, waterersetc
  • Creating infrastructure items for supply of electricity, feed, water etc
  • Purchase of day old chicks or ready to lay pullets.
  • Meeting working capital requirement  etc

Eligibility

  • Individual/ Joint individual/LLP/proprietary concern, partnership Firm/Company experienced in the line of poultry farming and is competent to run the business.

Nature of facilities

Term Loan & Working Capital

Quantum of Finance

As per NABARD unit cost & other guidelines subject to economic viability of the project.

Margin

  • Term loan - 25%
  • Working capital – 25%

Security

  • Primary Security: Hypothecation of asset created out of bank finance.
  • Collateral Security: Mortgage of land or any other collateral security acceptable to the bank (Accepted value of land/other collateral security should be more than 110% of loan amount)

Personal Guarantee

  • Personal guarantee of the Proprietor, Partners, Promoter Directors of the Firm/company and of all mortgagor of collateral security to be obtained.

Repayment

Working capital/Term Loan

  • 12 months for WC subject to renewal as per extant guidelines.
  • Maximum 84 months for TL (including moratorium of maximum 6 months)

Forms & Documents

Appropriate DPN note, Deed of Guarantee, Letter of continuity,  Hypothecation agreement, Mortgage deed ,Letter of general lien and setoff, Undertaking from borrower /Guarantor for disclosure to CIBIL , Declaration/undertaking for Agriculture advance and any other document stipulated in sanction.


Rate of Interest - Please click here to know our latest interest rates

Conditions apply

For more details please contact our nearest branch


1. Which purposes are eligible for the loan?

Purchase of /Birds, Equipments, Construction of Shed and Working Capital for the activity.


2. Will there be insurance coverage for animals?

Poultry farmers can also contribute to a separate risk fund in lieu with insurance.