Agriculture Finance for Poultry Farming facility is designed to cater the financial requirements of the farmers associated with Hatchery and/or Poultry Farming i.e. Broiler & Layer Farming (except Breeder Farming) sector(s).
The Bank will provide two type of financing facilities to the established farms based on purpose under each segment.
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- Working Capital Finance – Poultry Farming
- Development Finance – Poultry Farming
Financing under this category is extended for one year on revolving basis, to meet working capital requirements of the business. The facility is designed to provide financing on easy terms with minimum documentation. A customer can avail loan for more than one purpose.
Purpose
- Purchase of Eggs, Birds/Day old chicks
- Purchase of bird feed and feed raw material
- Vaccination, vitamin and other medication for poultry birds, saw dust, wood, coal, medicines, water filter cartages
- Overhead expenses i.e. labor, utility bills, Cost of fuel for generators & vehicles, transportation etc
- Any other item required to meet day to day expenses for running Poultry Farm
Salient Features/Terms and Conditions
- Applicant must be between 18 to 64 years of age
- Credit availability for One year
- Option to use limit as per requirement of the farmer
- Withdrawal and deposits at any time
- This financing facility is also available for women associated with poultry business
- Markup will be charged on amount utilized / withdrawn (outstanding debit balance)
This is the term finance facility, repayable in installments, extended to running Poultry farms for asset purchase and construction of sheds, fencing and enclosures at business place. A customer can avail loan for more than one purpose.
Purpose
- Purchase of Equipment/Machinery for farm & Hatchery
- Farm construction for broiler, layer, hatchery construction & Silos (concrete & steel)
- Sheds/semi-controlled sheds/Control sheds, automatic drinkers /tube feeders, generators, ventilators, table eggs storage refrigeration plants
- Low cost durables like utensils for water/feed, chick guard, spray pumps, fumigants, weighing machines, tubs, water nipples, laying nets, PVC pipes & crates etc.
- Any other item required for the establishment of poultry industry
Salient Features/Terms and Conditions
- Applicant must be between 18 to 64 years of age
- Credit Availability for 1 to 5 years*
- This financing facility is also available for women associated with poultry business
*Tenure for purchase of machinery/equipment cannot exceed useful life of asset