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Union White Card provides hassle-free credit to milch cattle owners/dairy operators. This loan is available to finance purchase of milch cattle and purchase of machines, utensils, construction of sheds (Term Loan ) and working capital limits for purchase of fodder, transportation of milk, veterinary needs, etc.
Agriculturists, landless laborers/share croppers/tenant croppers or any other applicant desirous to establish a dairy unit are eligible for this loan. Dairy owners can also avail finance against receivables from Milk unions/Co-operatives/Big Dairies on production of satisfactory proof. All existing and prospective dairy operators are eligible for Union White Card.
Quantum of loan:-
The quantum of loan is decided based on the needs. Maximum amount provided is up to Rs.5.00 lakh via Union White Card. If amount exceeds Rs.5.00 lakh, same will be sanctioned by Regional Head depending on merits.
Loans up to Rs.1,00,000/-

Hypothecation of milch cattle (duly insured).

Hypothecation of assets created out of bank finance.

Loans above Rs.1,00,000/-

Hypothecation of milch cattle (duly insured)

Hypothecation of assets created out of bank finance.

Collateral security by way of mortgage of land/building and/or third party guarantee.

Rate of Interest And Processing charges:-
Please click here to know our latest interest rates
Repayment Period:-
  • Term loan to be repaid in 5 to 7 years.
  • Working capital limit to be reviewed every year.

List Of Document