Hello Uday ,
For obtaining bank loan, the farmers should apply to the nearest branch of a commercial or co-operative Bank in their area in the prescribed application form which is available in the branches of financing banks. The Technical Officer attached to or the Manager of the bank can help/give guidance to the farmers in preparing the project report to obtain bank loan.
For dairy schemes with very large outlays, detailed reports will have to be prepared. The items of finance would include capital asset items such as purchase of milch animals, construction of sheds, purchase of equipments etc. The feeding cost during the initial period of one/two months is capitalised and given as term loan. Facilities such as cost of land development, fencing, digging of well, commissioning of diesel engine/pumpset, electricity connections, essential servants' quarters, godown, transport vehicle, milk processing facilities etc. can be considered for loan. Cost of land is not considered for loan.
LOan rules as per SBI
DAIRY PLUS SCHEME FOR FINANCING DAIRY UNITS
PURPOSE
For construction of shed, purchase of milch animals, milking machine, chaff cutter or any other equipment required for the purpose.
Who are eligible?
(1) Individual farmers who are members of the milk procuring societies or located on milk route
(2) They should be less than 65 years of age .
(3) Individual dairy unit having less than 10 animal - should own minimum 0.25 acre of land for every 5 animals for growing fodder and be in a position to procure the balance requirements locally.
(4) Individual dairy unit having 10 animals and above - should own or lease a minimum of one acre of land for cultivation of fodder for every 5 animals.
LOAN AMOUNT:
100% of the cost for loans upto Rs 50000/
90% of the cost for loans above Rs 50000/ with a maximum of Rs 5 lakhs as Term loan
WORKING CAPITAL: A working capital @ Rs.2500/- per animal per year may be Sanctioned for purchase of feed, fodder and medicine along with the term loan
REgarsd
Ashwini S
