|Purpose||Composite loan for stall fed Goat/sheep rearing for unit size of 25+1 (Does/Ewes: Buck/Rams) or 50+2.|
|Eligibility||Existing /new customer|
|Quantum Loan||75 % project cost or 3 lakhs or 6 lakhs as the case may be (Cost of the Does/Ewes @ Rs 6000 per animal & cost of Buck/Ram @ Rs 8000 per animal & including shed cost, feed cost etc.,)|
|Rate of Interest||12.50% pa|
|Repayment Period||Repayable in 20 quarterly installments, after a gestation period of 6 months i.e., 1st installment falling due on exactly 9 months from the date of 1st release. (total period 66 months)
At the time selling the goats/sheep, the 75% of sale proceeds of the animals should be credited to the loan account.
|Security||Primary security in the form of hypothecation of animals, equipments etc and mortgage of owned 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 shall be obtained|