SBI Poultry Farming Loan Scheme 2021 - मुर्गी पालन के लिए लोन योजना 2021

PRADHAN MANTRI MUDRA YOJNA (PMMY)-ALLIED AGRI

Purpose of Loan: To generate self-employment opportunities and livelihood

Features

Type of Facility : Agriculture Term Loan
Margin : 15% to 25% of the project cost
Interest Rate : Interest rates are linked to One Year MCLR rate + spread. Spread is determined by Bank from time to time. At present interest rate is 10.75% p.a
Repayment : In 3-5 years including gestation period depending upon the activity / income generation.
Loan ceiling : Maximum Rs.10 lakhs

Eligibility

Individuals, Sole Prop, Partnership firms, except corporate, bodies, institutions, SHG,JLG Governments engaged in “ Activities allied to Agriculture” e.g. Pisciculture, Bee keeping, Poultry, Livestock, Rearing , Grading, Sorting, Aggregation agri industries, Dairy, Fishery, Agri clinics and Agri business centres, Food & Agro processing, etc. (excluding crop loans, land improvement such as canals, irrigation, wells) and services supporting these, which promote livelihood or are income generating shall be eligible for coverage under PMMY

Important allied activities covered

Dairy /Poultry/Fisheries
Goat /Sheep/ Piggery rearing
Bee Keeping
Agri Clinic and Agri Business Centers
Others (promote livelihood and income generation), etc.

Quantum of Loan

Project cost
Less Margin
Bank loan

Security

Primary:Hypothecation of assets and other movable assets created out of the Bank loan
Collateral:No collateral security to be obtained for all loans upto Rs.10 lakhs

Processing Charges

Up to 50,000/- NIL
Rs.50,000- Rs.10 lakhs 0.50% Loan amount

Documents Required

Duly filled in application form
Identity proof- Voter ID card/PAN card/Passport/ Aadhaar card/Driving License etc.
Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
Proof of agricultural land/ cultivation.

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