MODEL DIARY UNIT

Model Diary Unit

Purpose Composite loan for Growing/ rearing of Cows or shebuffalo unit size of 10+10 including cattle shed and vehicle if needed.
Eligibility Existing /new customer
Quantum Loan 75 % project cost or as per NABARD unit cost , whichever is lower
Margin 25% project cost
Rate of Interest 12.50 % pa
Repayment Period 60 monthly installments after initial gestation period of 3 months(total period is 63 months).
Security Primary security in the form of hypothecation of animals, equipments, vehicles etc and mortgage of land and building which are directly connected to the activity.
Co-oblignat/ Surety Solvent third party / ies with sufficient net worth acceptable to the Bank.