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Who are eligible for a loan?-.Farmers, individual entrepreneurs, groups of unorganized and organized sector.
Groups of organized sector include self-help groups etc.
Age Generally 18-65 years
(Generally a DPR is not required for small scale nance But for large scale nance DPR is mandatory)
3-Submit your loan application directly to bank or through animal husbandry department. It is better to submit
loan application through animal husbandry department with feasibility certicate from local veterinary ocer.
Margin Money It is the contribution of entrepreneur for the project. Minimum margin money is 10% for most
of the schemes but it varies from 10-25% as per project size and category of farmer.
Security:For loans upto one lakh -Hypothecation of assets created out of bank nance
For loans above one lakh -Mortgage of landed property or third party guarantee.
Sanction of Loan &Disbursement Bank will apprise loan application as per norm (technical feasibility and
economic viability) and sanction if found eligible. Loan is generally sanctioned within one month from the date
of receipt of application. Loan is disbursed in two or three phases depending upon progress o work.
Subsidy-Financing bank will claim subsidy after disbursement of rst installment of loan,(from NABARD in
case of GOI schemes and SLBC in case state schemes.)
Repayment-Repayment period varies from 5-7 years depending upon gross surplus of the project.