Dairy Farm Loan | Allied Bank Livestock Loan | How To Apply Dairy Farm Loan | Loan For Livestock |

Financing under this Product category will be provided to the established running dairy farms to expand their businesses by developing new Dairy farms/sheds, purchase of Animals, and fulfill their daily working capital requirements.

Two types of financing will be extended to dairy farmers, under this product category:

Working Capital Finance – Dairy Farming
Development Finance – Dairy Farming
Working Capital Finance – Dairy Farming
This is a short term facility extended for one year on revolving basis, to meet working capital requirements of the business. The facility is designed to provide financing on easy terms with minimum documentation.
Purpose
Purchase of animal fodder and feeds
Vaccinations, Vitamins and other medications for animals including artificial insemination
Overhead expenses i.e. labor, fuel, electricity etc
Concentrate like cotton seed, cotton seed cake, other additional expenditure, distribution cost, transportation charges on farm milk processing, pasteurization and standardization etc
Salient Features/Terms and Conditions
Applicant must be between 18 to 64 years of age
Running Finance Facility valid for 1 year
Option to use limit as per requirement of the farmer
Withdrawal and deposits at any time
This financing facility is also available for women dairy farmers
Markup will be charged on amount utilized / withdrawn (outstanding debit balance)
Development Finance – Dairy Farming
This is the term finance facility extended to running dairy farms for asset purchase and construction of animal sheds, fencing and enclosures at business place etc. Loans extended under this category will be repayable in installments. The Bank will allow financing for following purposes. A customer can avail loan for more than one purpose.
Purpose
Purchase of mature milk yielding buffaloes/cows
Purchase of Young animals for rearing for dairy farming
Milk storage chilling tanks and milk carrying containers.
Purchase of feed grinders, tokas, feed mixing machines and feed/milk containers
Utensils for animal feeding, calf feeders, bangles, Rope/ etc Iron chains
Construction/procurement of permanent sheds, water tanks, water pump tube well and generators
Fencing and Enclosures.
Salient Features/Terms and Conditions
Applicant must be between 18 to 64 years of age
Monthly/ Quarterly easy installments
Tenure of the loan: 1 to 5 years
This financing facility is also available for women dairy farmers
Disclaimer: Terms & Conditions apply, bank reserves right to reject any loan application for any reason
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