CentralBank of India-Rural Agri Banking
Central Bank Logo

Cent Dairy Scheme

Purpose

To provide finance for establishment of dairy units for milk production.

Eligibility

Individuals, farmers, groups of farmers, firms, companies, societies, NGOs etc.

Quantum of loan

Unit cost excluding Margin Money.
Based on viability of the project and repaying capacity of the borrower/s.

Margin

For loans upto Rs.1.00 lakh : Nil
For loans above Rs.1 lakh and upto Rs.5 lakh : 10%
For loans above Rs.5 lakh and upto Rs.10 lakh : 15%
For loans above Rs.10 lakh : 20%

Rate of Interest


 Limit  Rate of interest %
 Upto Rs.50,000/-   MCLR + 0.50
 AboveRs.50,000/- to upto Rs.5 lakh   MCLR + 1.00
 Above Rs.5 lakh to upto Rs.25 lakh   MCLR + 1.50
 Above Rs.25 lakh   MCLR + 2.00

Processing Charges

Nil

Inspection Charges

Up to Rs. 2 lakh : Nil
More than Rs.2 lakh up to Rs.5 lakh : Rs.200/-
More than Rs.5 lakh up to Rs.50 lakh : Rs.500/-
Above Rs.50 lakh : Rs.1000/-

Security

For Loans up to Rs. 1 Lac:
Primary : Hypothecation of Livestock and other assets Created
out of Bank finance.
Collateral : Nil
For Loans above Rs. 1 Lac:
Primary : Hypothecation of assets Created out of Bank Finance.
Collateral : Creation of Mortgage/Charge on land having Market
value at least to the extent of 100% of loan amount.

Repayment

Repayment period will depend on the cash flow and will vary between 3-7 years.

Page Under Construction

Page Under Construction

(c) 2016 Central Bank of India. All rights reserved
You are visitor no.: 5071779