This is a short-term facility extended for one year, to meet working capital requirements of the business. The facility is designed to provide financing on easy terms with minimum documentation.
Purpose:
- Purchase of animal fodder and feeds
- Vaccinations, Vitamins and other medications for animals including artificial insemination
- Concentrate like cotton seed, cotton seed cake
- Facility will be offered through Islamic mode of financing i.e. Musawamah or Murabaha.
- Applicant must be between 18 to 64 years of age
- Tenure of Financing Facility is up to 1 year
- Option to use limit as per requirement of the farmer
- This financing facility is also available for women dairy farmers
Disclaimer: Terms & Conditions apply, ABL reserves right to accept or reject any financing application as per Bank’s policy
This is the term finance facility extended to existing dairy farms for asset purchase and construction of animal sheds, fencing and enclosures at business place etc.
Financing extended under this category will be payable in equal monthly or quarterly installments. The Bank will allow financing for following purposes. A customer can avail finance for more than one purpose.
Purpose:
- Purchase of mature milk yielding buffaloes or cows.
- Purchase of Young animals for rearing for dairy farming
- Milk storage chilling tanks etc.
- Utensils for animal feeding, calf feeders, bangles, Rope etc Iron chains.
- Construction or procurement of permanent sheds, water tanks, water pump, tube well and generators, feed mixing containers etc.
- Fencing and Enclosures.
- Facility will be offered through Islamic mode of financing i.e. Diminishing Musharakah for machinery or equipment etc. whereas for purchase of Animals the Islamic mode of financing i.e. Murabaha / Musawamah will be used.
- Applicant must be between 18 to 64 years of age
- Monthly/ Quarterly easy installments
- Tenure of the finance: 1 to 5 years
- This financing facility is also available for women dairy farmers
Disclaimer: Terms & Conditions apply, ABL reserves right to accept or reject any financing application as per Bank’s policy