Finance to Sheep Goat and Pig Rearing

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Finance to Sheep Goat and Pig rearing

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.