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For Dairy Agents |
Objectives |
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- To increase milk production through organized sector
- To supplement the incomes of farmers
- To improve rural economy through employment opportunity
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Area of operation |
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All parts of India.
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Nature of facility |
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Agricultural Term loan
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Classification |
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Indirect Finance to Agriculture
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Loan amount |
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- Minimum of Rs. 1 lac per borrower for every 100 liters of milk procured by him and a maximum of Rs. 3 lakhs for procurement of 200 litres of milk.
- The amounts will be released to the agent based on specific recommendation of the milk processing company.
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Eligibility |
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- The agent should be satisfactorily associated with the company for a minimum period of two years.
- Should not be a defaulter to any other bank.
- Should have adequate collateral security to offer.
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