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    Uttar Bihar Gramin Bank Integrated Dairy Development Scheme

    With a huge network of over 1,000 branches and 20 regional offices, the Uttar Bihar Gramin Bank is a well-established financial institution that serves the population of North Bihar. The bank, headquartered in Muzzaffarpur, and sponsored by the Central Bank of India, has also established 18 Financial Literacy Centres (FLCs) for the purpose of educating the public on finance management.

    The Uttar Bihar Gramin Bank has taken steps towards developing the dairy sector with the Integrated Dairy Development scheme that’s directed at providing financial assistance to people employed in this sector.

    Purpose of Uttar Bihar Gramin Bank Integrated Dairy Development Scheme

    This scheme is aimed at generating self-employment opportunities for those employed in the dairy sector. The scheme also provides funding for infrastructural development of this sector by establishing dairy projects of 2, 5, and 10 mulch cattle, and to strengthen the overall social and economic state of people in this sector.

    Eligibility criteria for Uttar Bihar Gramin Bank Integrated Dairy Development Scheme

    • Farmers, SHG, etc. whose permanent residence is within the service area of the bank branch.
    • Farmers, SHG, and other eligible parties who are not defaulters of any other bank or financial institution.

    Features and benefits of Uttar Bihar Gramin Bank Integrated Dairy Development Scheme

    • Cows of cross-breed that produce a minimum of 10 litres of milk every day.
    • Maximum loan amount that can be sanctioned is Rs.1,00,000 for a unit consisting of 2 cows. Additional cows are as per the bank circular.
    • There is a minimum margin of 10%.
    • Subsidy is 50% of the cost of the project.
    • No collateral or security is required for loans of up to Rs.1,00,000.
    • For loans above Rs.1,00,000 – collateral and security requirements will be as per the bank circular.
    • Repayment is to be made within a maximum of 5 years, in EMIs.
    • There is a minimum lock-in period of 3 years.
    • Interest rate is 12.50% payable half-yearly (this is subject to change on the bank’s discretion).
    • The cattle being purchased with the loan are to be insured.
    • Loan will be disbursed for the purpose of acquiring cattle from a Hat / Fair in the presence of a Purchase Committee member.
    • Purchase of the second cattle is allowed after 4 – 6 months of the purchase of the first cow.

    Documents required

    The list of documents required will be intimated to the applicant on approaching the bank for this loan.

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