Uttar Bihar Gramin Bank Integrated Dairy Development Scheme

1. Farmers, SHG, etc. whose permanent residence is within the service area of the bank branch.
2. 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

1. Cows of cross-breed that produce a minimum of 10 litres of milk every day.
2. 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.
3. There is a minimum margin of 10%.
4. Subsidy is 50% of the cost of the project.
5. No collateral or security is required for loans of up to Rs.1,00,000.
6. For loans above Rs.1,00,000 – collateral and security requirements will be as per the bank circular.
7. Repayment is to be made within a maximum of 5 years, in EMIs.
8. There is a minimum lock-in period of 3 years.
9. Interest rate is 12.50% payable half-yearly (this is subject to change on the bank’s discretion).
10. The cattle being purchased with the loan are to be insured.
11. Loan will be disbursed for the purpose of acquiring cattle from a Hat / Fair in the presence of a Purchase Committee member.
12. 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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