Area of Operation - Loan shall be advanced in the area operation in the Gurdaspur district.
Beneficiary |
Members of Coop. Milk Producers Society/ PACS. |
Purpose |
Purchase of 2 to 10 Milch cattle. |
Loan Limit |
Maximum amount up to RS. 5.00 Lakhs @ RS. 0.50 lakh per animal |
Rate of Interest |
10.00% |
Margin |
15% |
Repayment Period |
Maximum 5 Years including moratorium period of 3 Months. |
Collateral Security |
Mortgage of landed property having value of 150% of loan amt., which shall be calculated by mean value of Govt. value & Market value. |