8. Scheme for Commercial Dairy

Loan Amount : Need Based, depend on the actual cost of the project

Loan Term :

1) For animals below 20 : Term loan will be repayable with in 7 years in 78 monthly installments with a moratorium period of 6 months.

2) For units of 20 to 150 animals
i) Upto 1st year – Moratorium of principal and interest.
ii) From 2nd Year upto 3rd year - Moratorium of principal only (interest to be serviced).
iii) From 4th year till 7th year – repayment of both principal and interest will start.

Working Capital to be sanctioned for one year & renewed thereafter.

Interest Chargeable : Working Capital (CC) & term Loan (irrespective of the loan  amount) 2.50% above BR i.e. 12.15% p.a.
A further concession of 1% p.a. on regular repayments on Term Loans of those farmers who’s repayment is regular during the year

Fee Payable during the term of the loan

 1. On Term Loan

Upfront fee: 1.15% of loan amount
Inspection  Charges:
> Rs. 25000/- & upto Rs.2 lacs-Rs.500/-p.a.
> Rs. 2 lacs but upto Rs.5 Crore -Rs. 500/- per lac p.a.       

2. On Working Capital

Processing Charges
> Rs. 1 lac upto 3 lacs-Rs. 100/- per lac
> Rs. 3 lac-0.30% of loan amount, Maximum. Rs.30 lacs
Inspection charges- as mentioned above in Term Loan           

Penalty for delayed payments: @ 2% on the entire outstanding for the period of default.

EMI payable : In 7 years

Details of Security/ Collateral Obtained

Primary: Hypothecation of shed, livestock & other moveable assets financed by the banks

Collateral: Upto Rs 100000/-  Nil and aAbove Rs 100000/- Registered mortgage of agriculture land or equitable mortgage of property having value at least 100% of total loan amount.