SBI Agriculture Loan - Scheme For Dairy Societies And Dairy Units





SBI has two bank loan schemes for Dairy related agricultural projects. The first one named -SBI Scheme For Dairy Societies- aims to provide finance for creating infrastructure like Construction of Milk house or Society office, Purchase of Automatic milk collection system, transport vehicles, Bulk chilling unit; and the second named SBI Dairy Plus Agriculture loan scheme to finance milk producing members of AMUL pattern societies recognized private milk dairies posting profit in the past two years.

1. SBI Agriculture loan scheme for Financing Dairy Societies

SBI Scheme For Dairy Societies aims to provide finance for creating infrastructure like Construction of “milk house or society office”, Purchase of “Automatic milk collection system”, transport vehicles, Bulk chilling unit.

SBI Agriculture Loan - Scheme For Dairy Societies

Loan Eligibility for Dairy Societies

Society should have ‘A’ grade milk societies – registered & affiliated to district milk union, no adverse remarks in the audit report of previous 2 years, supplying 1000 lit/day to milk union, audited balance sheet for at least previous 2 years, earning pre-tax profits for the last two years, borrowing powers as per bye-laws of the Society.

Classification of Loan for Dairy Societies

Included in Indirect agriculture finance and / or Agricultural term loan (ATL).

Limit of Loan for Dairy Societies

Maximum - 4 times the average profit of previous 2 years maximum Rs 10.00 lacs. Milk house or society office Rs. 2 lakh, Automatic milk collection system Rs. 1 lakh, Milk transportation Rs. 3 lakh, Chilling Unit Rs. 4 lakhs.

Margin of Loan for Dairy Societies

Margin money shall be 15% of the total loan amount

ROI /Documents

As applicable to ATL.

DSCR: Min. 1.75

Security

  • Primary: Hypothecation of assets.
  • Collateral: Mortgage of landed property (or) Guarantee of milk union. Letter of undertaking from milk union to deduct and pay bank the amount till liquidation of loan.

Repayment

Repayable in 5 years with a gestation of 6 months, with monthly installments.


2. SBI Agriculture Loan Scheme for Financing Dairy Units (Dairy Plus)

SBI Dairy Plus Agriculture loan scheme to finance milk producing members of AMUL pattern societies recognized private milk dairies posting profit in the past two years.

SBI Agriculture loan scheme for Financing Dairy Units (Dairy Plus)

Purpose of SBI Dairy Plus Agriculture loan scheme

Construction of dairy shed Purchase of quality milch animals, milking machine, chaff cutter or any other equipment required for the purpose.

Eligibility for SBI Dairy Plus Agriculture loan scheme

Individual member of Amul Type society, age below 65 years with min. Individual Dairy < 10 animals min 0.25 acre land per 5 animals for growing feed & able to procure balance locally, > 10 animals 1 acre own or lease land per 5 animals.

Limit of SBI Dairy Plus Agriculture loan scheme

A Term loan of Maximum Rs.5 lacs. A working capital @ Rs.2500/- per animal per year may be sanctioned. Min DSCR: 1.75.

Margin of SBI Dairy Plus Agriculture loan scheme

Loans upto Rs. 50,000/- : Nil. Loans above Rs. 50,000/- and upto Rs.5 lacs: 10%

Security

  • Primary: hypothecation of assets.
  • Collateral: upto Rs. 1.00 lac : Nil. Over Rs.1 lac - Mortgage of landed property (or) third party guarantee worth for loan amount (or) group guarantee of other 2 dairy farmers.

Repayment of SBI Dairy Plus Agriculture loan scheme

5 Years in monthly instalments with Gestation period – 6 months.

Rate of interest of SBI Dairy Plus Agriculture loan scheme

As applicable to direct agricultural loans (ATL).

Other terms

Minimum yield criteria: Buffaloes – 7 lit/day (lactation average) Cow – 8 lit/day (lactation average). Fodder cultivation can be financed as per scale of finance. Payment to the bank directly by the society. Milk union operation & milk route facility are essential.

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Comments

Dairy farm

Dear All,

right now i am working a job but insist want to develop our village and our self but already i visited more banks for the dairy loan they are not provided loan, please i would like to request to you that help me and suggest

i am waiting for your response

I have two halysten and one

I have two halysten and one Jersey cow I want to know that how I get loan for purchasing more cow or i have plot 40×60
For this. We are not supply milk in any milk society. We sold it in our market. So if we are eligible for loan than please reply. We are waiting. thanks

Sir

Sir
I. Have 4 filds ,water, electricity and all facilities how much loan can I get from bank to start a dary of 20 cow. Please tell me as soon as possible.
Thank

Dairy project loan

Dear sir,
I am B.Tech in Dairy Technology wants to start my own dairy farming & product manufacturing project.Presently working with dairy industry with reputed brand. I need upto 50 lakhs loan . pl
suggest

for diary loan

sir i have 1 acre land in haryana and i want to start diray of 10 buffaloes... so much loan can i expect from bank.. sir plzz guide me

Loan

I already seen 40cents land ₹18 lack and I want to start dairy business in that.plz provide loan 20lack.i will on time on regular Basis

Dairy loan

Sir
I am bhupendra bundela I have a 5 baffelos I gat 38 litter milk
I want loan because I want to developed my dairy so please help

Regarding dairy farms loan

Hi sir,
As mentioned to the above mentioned subject, I would like to have some kind of information:

Firstly I'm having 2 acres leased land and I'm not having any personal land or property.

Can I get loan to start up dairy farm in Tumkur dist?

Initially I'm planning with 10-12 Jersey or hf cows for milk production. Project requires approx 12 lacks. Can I get loan on this condition.

Please suggest me In this case.

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