Purpose | Financial assistance to farmers having Contract Broiler Farming arrangements. Construction of poultry shed, feed room and purchase of equipment viz., pump set, water storage tank, feed mixing plant etc. |
Eligibility | Existing and new poultry farmers with experience and having undergone training in poultry farming, with adequate land and water resources. |
Loan amount | Maximum Rs.9.0 lakhs, depending upon the size of the farm, in multiples of 1000 birds. |
Margins | 25% |
ROI | See interest rates on loans and advances |
Processing fee | See service charges |
Penal Interest | See service charges |
Repayment | 30 bi monthly installments in a total period of 5 years with a grace period of 6 months. |
Security: | a) Primary - Hypothecation of assets created by Bank finance. |
Papers / Documents required | a) Loan Agreement |
Insurance | Optional for birds. But shed should be insured |