Sericulture

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LOAN FOR SERICULTURE

Loan for Sericulture helps provide hassle-free and adequate credit for Mulberry cultivation, purchase of equipment, construction of rearing house, establishment of reeling unit, purchase of eggs, etc.

Eligibility:-

Farmers cultivating own land/registered leased land with irrigation facilities for cultivation of mulberry.

Quantum of loan:-

As per NABARD, the quantum of loan will include unit cost approved.

Margin:-

Up to Rs. 1,00,000/- - Nil.

Above Rs.1,00,000/- - 10% to 15%.

Rate of Interest And Processing charges:-

Please click here to know our latest interest rates

Repayment Period:-

Plantation -- 4 years

Equipment -- 3 years

Rearing House -- 5 years

Reeling unit -- 7 years

Security:-

Up to Rs. 1,00,000/- DPN, Hypothecation of assets created and crops.
Over Rs. 1,00,000/- DPN, Hypothecation of assets created and crops, mortgage of land &/or third party guarantee.

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SERICULTURE

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