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Image  FINANCE FOR SHEEP, GOAT, PIG REARING

SHEEP REARING

Purpose

  • For meat purposes
  • for breeding/ and selling lambs
  • for wool purposes
  • for skin/ leather purposes
  • OR combination of all above

Nature of Facility

Term loan & Working Capital

Quantum of loan

As per latest NABARD guidelines subject to economical viability of the project.

Margin

  • Up to Rs.1.60 lakh : Nil.
  • Above Rs.1.60 lakh : minimum 10%

Security

  • Loans up to Rs.1.60 lakh

Hypothecation of asset created out of bank finance.

  • Loans above Rs.1.60 lakh-
  • Hypothecation of asset created out of bank financeand;
  • Mortgage of land (Accepted value of land should not be less than 100% of loan amount) &/ or third party guarantee (means should not be less than 100% of loan amount).

Repayment

The loan is repayable in half yearly/ yearly installments within a period of maximum 7 years including moratorium period of 01 year.

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.

 

GOAT REARING

Purpose

  • Purchase of goats - does and bucks
  • Construction of sheds (pens),
  • The feeding cost for one cycle

Nature of Facility

Term loan & Working Capital

Quantum of loan

As per latest NABARD guidelines subject to economical viability of the project.

Margin

  • Up to Rs.1.60 lakh : Nil.
  • Above Rs.1.60 lakh : minimum 10%

Security

  • Loans up to Rs.1.60 lakh

Hypothecation of asset created out of bank finance.

  • Loans above Rs.1.60 lakh-
  • Hypothecation of asset created out of bank financeand;
  • Mortgage of land (Accepted value of land should not be less than 100% of loan amount) &/ or third party guarantee (means should not be less than 100% of loan amount).

Repayment

The loan is repayable in half yearly/ yearly installments within a period of maximum 7 years including moratorium period of 01 year.

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.

PIG FARMING

Purpose

  • Purchase of sows (female) and boar(male) animals
  • construction of sheds (weaner pens),
  • The feeding cost for one cycle

Nature of Facility

Term loan & Working Capital

Quantum of loan

As per latest NABARD guidelines subject to economical viability of the project.

Margin

  • Up to Rs.1.60 lakh : Nil.
  • Above Rs.1.60 lakh : minimum 10%

Security

  • Loans up to Rs.1.60 lakh

Hypothecation of asset created out of bank finance.

  • Loans above Rs.1.60 lakh-
  • Hypothecation of asset created out of bank financeand;
  • Mortgage of land (Accepted value of land should not be less than 100% of loan amount) &/ or third party guarantee (means should not be less than 100% of loan amount).

Repayment

The loan is repayable in half yearly/ yearly installments within a period of maximum 7 years including moratorium period of 01 year.

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.


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Conditions apply

For more details please contact our nearest branch