Dairy Loan - Agri & Rural

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

Documents Required

• Duly filled in application form
• Undertaking from Milk union to deduct and pay the instalment amounts.