Dear all,
No bloody banks will give you the loan.
If you approach for dairy farm loan, bank will ask you to tie up with some big shot (milk owners). Means, there will be an agreemnet saying that, all your farm milk should be supplied to that particualr owner. They will pay you 16 Rs/Ltr. But if you sell yourself, you can go ahead upto 26 Rs/Ltr. The milk owners baught all the bank managers for some amount. Since 14 months I was trying for a loan. I have 7.5 acre land. I tried in Canara bank since March.2010. I had provided all the documnets, whatever the bank manager asked. Even Bank Advovate openion also approved. But finally manager transfered. My file was thrown out. Again I tried from another (second) manager (tried from Nov.2010). He said, year end work is going on, let me see on Jan.2011.
I approached on Jan 2011, he said account closing is going on, so wait till Mar.2011.
I said ok fine. I went April first week. He said sorry sir, if you tie up with a milk tycoon, I can give you the loan. I asked him, give me in return. He said not possible. I understand from the Bank that all Bank mangers are corrupted. Do you think the govt. will help the peoples/farmers. No way. So many crores allotted to promote Agri/Dairy farms.
Mediaters are eating all the money. Do you think finance minister does not know all these things. He knows everything. He can not do anything. Indian Govt. says that Govt. givs loan for dairy/farmers. No No. All are eyewash. Mony is coming out from the government and goes to Tycoons. If you are ready to sell the milk for Rs.16/ltr, then you can go for bank loan. But soon (within 6 months) you will close your dairy farm.
Dont go for any project and waste your money. Start your own. Best of luck
Regards
Amanullah Ag.