Tuesday, April 18, 2017

BANK LOAN FOR POULTRY

For Poultry Loan from Banks

Establishment of small poultry (layer or broiler) units of 200 to 500 birds as subsidiary occupation by the farmers and agricultural labourers.

Individual registered partnership firms, limited companies and registered co-operative societies having necessary trained and technical personnel and management experts for running following

Commercial poultry units –
Establishment/ expansion of layer farm/ broiler farm
Establishment/ expansion of hatchery farm
Establishment/expansion of production-cum-processing units.

Eligibility-
Individual Farmers, Agricultural Labourers who are experienced/ trained in poultry management, Individual Registered Partnership Firms, Limited Companies, etc., are eligible for bank credit for large poultry units.

These units should have trained/ technically qualified personnel for running the unit.

Quantum of finance -
The amount of finance will depend upon the type and size of the poultry unit.

Security-

Principal/ Collateral
Loans upto Rs.1.00 lakh –
Hypothecation of live stocks & others
Loan limit above Rs.1.00 lakh -
Hypothecation of live stocks & others.
Equitable or Legal Mortgage or Deed of Declaration of land/ superstructure, as appropriate.
Suitable Third Party Guarantee 

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