Dairy Society Plus - Apply for Dairy Loan Online in India | SBI - Agri & Rural
Dairy Society Plus
Features
The loan is provided to dairy societies for modernization and creating infrastructures like
- Construction of "milk house or society office"
- Purchase of "Automatic milk collection system"
- Purchase of transport vehicles.
- Purchase of Bulk chilling unit
- Collateral : Mortgage of landed property or Guarantee of milk union
- Margin is 15%
- For Rate of Interest: Please click here
- Repayment period: 60 months with start-up period of 6 months
Eligibility
A milk producer Co-operative society registered & affiliated to district Milk union and satisfies the following requirements
- "A" grade in last audit.
- Supplying an average of 1000 litres of milk to the milk union per day
- Audited balance sheet for at least previous two years.
- Earned pre-tax profits in the last two years
- If borrowed from other banks- prior liquidation and no dues certificate is necessary.
Loan Amount
Upto 85% of the project cost or four times the average profit of previous two years with a maximum of Rs. 10.00 Lakhs
Purpose | Maximum loan limit |
---|---|
Milk house or Society office | Rs. 2 Lakhs |
Automatic milk collection system | Rs. 1 Lakhs |
Milk transportation vehicle | Rs. 3 Lakhs |
Chilling unit | Rs. 4 Lakhs |
Documents Required
- Duly filled in application form
- Undertaking from Milk union to deduct and pay the instalment amounts.

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years
Allied Activities

Pradhan Mantri Mudra Yojna (PMMY)-Allied Agri

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years