PM Dairy Farm Loan New Application Online, Eligibility Criteria, Status: The government of India launched bank loan schemes for Dairy related agricultural projects. The first one named- SBI Scheme For Dairy Societies- intends to offer finance for creating infrastructure like Construction of cattle shed, Purchase of dairy equipment, chaff cutters, transport vehicles, Bulk chilling unit.
Main Purpose- To provide finance for an establishment of dairy units for milk production. Such as To set up a small dairy unit with 2 to 4 milk cattle. Collection, processing, distribution of milk and manufacturing of milk products, To start new medium /large unit. Purchase of improved/crossbreed milk cattle. Construction of farm animals shad etc.
Who Are Eligible
- Individual farmers who are members of the dairy co-operative societies or groups of farmers, NGOs etc.
- Supplying a regular of 1000 liters of milk to the Dairy Union every day.
- Farmers should be less than 65 years of age.
- The dairy unit having less than 10 animals should own minimum 0.25 acre of land for every 5 animals for growing food and be in a position to procure the balance requirements locally.
Allotment Of Loan
Unit cost excluding Margin Money, Based on the feasibility of the project and repaying capacity of the borrower/s.
For loans up to Rs.1.00 lakh: Nil
For loans more than Rs.1 lakh and up to Rs.5 lakh: 10%
For loans more than Rs.5 lakh and up to Rs.10 lakh: 15%
For loans more than Rs.10 lakh: 20%
How To Apply For Loan
Farmers may contact the nearest branch or contact to marketing offices for Agricultural advances for application and further details.