Dairy farmingis the branch of agriculture that constitutes Breeding ,raising and then utlization of Dairy animals like Cows, Buffalows, Goats, Sheeps, Camels etc for milk and the other Dairy products like skim milk , butter milk, cheese,yogurt, etc processed from them.
The loans can be availed for the following Dairy purposes
- For constructing a new Dairy farm or for renovation or expansion of an old Dairy farm.
- Purchase of Milch animals (milk giving animals like cows Buffalos, Goats, camels) for dairy farm
- Rearing of younger calves.
- Milk machinery or milk vans ,Dairy products transportation vans
- For growing fodder for cattle.
- Cold Storage construction
- Dairy products marketing outlets.
Eligibility Criteria
Following can apply for Dairy farm Loan
- Farmers who are engaged in Dairy activities.
- Individual entrepreneurs who have engaged in Dairy activities.
- NGOs, Milk Unions Cooperative Societies, Milk Federations who are involved in Dairy activities
- Mandatory conditions for Cooperative societies. The societies should have the grade ‘A’ in their last audit, should have a supply of 1000 litres of milk per day on an average and should have earned pre-tax profits in the last two years at the time when the loan is applied.
Dairy Business Loans Fees and Charges:
| Interest rate | 2.0% to 6.0% |
| Tenure of loan | Up to 2 years |
| Instalment options | Monthly / Bi-weekly |
| Charges for pre-closure | Nil |
| Processing fees | 2.0% to 3.0% |
How to Apply Online for Dairy Farm Loan
The dairy business loan can be applied for online at our website. It involves certain simple steps to be followed. For faster processing, please follow these steps thoroughly. The steps are as follows:
- Submit your Application: submit duly filled application online
- Document verification: upload all the documents.
- Loan sanction: The loans usually take up to 3 working days for approval.
Documents Required:
- ID Proof- Aadhaar Card/PAN card/Voter ID/Driving License
- Residential Proof-Aadhaar card/Electricity bill/ Ration Card
- Dairy business registration documents
- Partnership deed if its on partnership basis
- Passport sized photographs
- Banking documents: last 6 months bank statement.
FAQ
Yes, you need to submit required documents and you can avail dairy loan
No , you have to show a proof that you are into the business for quite some time, you need to have some shed and cattle.
Yes, you can avail dairy loan for infrastructure of shed.