The
plan is aimed at promoting the Dairy sector & meat production in the
country. The farmers are extended financing facilities to purchase dairy
animals for milk and for the establishment of animal fattening stations
to increase meat production on commercial line, thus enabling the farmer
to
create more income.
Salient Features:
The
amount of loan is assessed on the basis of the purpose for
which loan is required
The
repayment of loan may be scheduled in installments on monthly,
quarterly and half yearly basis
The
cash flows to be routed through MCB account
The animals are comprehensively
insured till the repayment of the loan
The animals financed are hypothecated
in banks' favor
Nestle's identified borrowers
are also accommodated under this plan
Farmers supplying milk to Milk
processing units are covered under this plan.