Union Kalpataru

You are here :

Products

Personal

Union Kalpataru

Features

Purpose :-

Union Kalpataru is a scheme exclusively for NDDB Smart Card holders. It helps provide medium term loan to dairy farmers having NDDB Smart Card.

Eligibility :-

To avail the loan, the smart card holder should have received at least 2 fortnight payments in his account or transacted for a period of one month, whichever is later. The second aspect is that the average of latest two fortnight milk proceeds received by pourer should be 40% more than the corresponding loan installment.

Quantum of loan :-

Minimum loan amount of Rs.10000 and there after in multiples of Rs.5,000/- up-to maximum loan amount of Rs.30000 can be availed.

Margin :-

Nil.

Rate of Interest :-

Please click here to know our latest rate of interest.

Repayment :-

Duration of 50 Fortnightly installments. (Fortnightly installment is fixed as NDDB is paying its pourers milk proceeds on fortnightly basis.)