Animal Husbandry Loan
Animal husbandry loans are generally offered for purchase or creation of assets and infrastructure related to poultry, sericulture, piggery, dairy development, fisheries development and apiculture etc. The loans are usually secured against mortgage of land, hypothecation of acquired assets or third party guarantee.
Features of Animal Husbandry Loan
- Loans are available for up to 100% of cost of asset or project cost.
- Typically longer repayment tenures.
- Minimal paperwork and quick loan processing.
- Flexible repayment options that include cheques, ECS, internet banking, standing instructions and automated loan recovery, among others.
- Loans are generally disbursed at low interest rates.
Documents required for Animal Husbandry Loan
There are minimal documentation requirements for applying for an animal husbandry loan.
- One identity proof among PAN card, passport, driving license, voters ID.
- One address proof among passport, lease agreement, sales tax certificate, electricity or telephone bill, ration card etc.
- Quotation for the acquiring assets may be asked for by the lender.
Types of Animal Husbandry techniques covered under loans
These loans can be used for a variety of purposes such as dairy development programmes, milk production activities such as buying and maintenance of milch animals, rearing of female calves, cattle breeding through artificial insemination, milk house constructions, milk processing facility financing, pasture development financing and lots more in the dairy side of financing.
The loans also cover other avenues of animal husbandry such as fishery, piggery, poultry, apiculture, sericulture and many other techniques.
