| Beneficiary |
Any Individual, Partnership Firm, corporate body and any other Co - operative organization. |
| Purpose |
To increase the income of milk producers by helping them to purchase High yielding milch cattle, construction of shed and to purchase of equipments. |
| Loan Limit |
Maximum amount up-to Rs. 50.00 Lac. |
| Rate of Interest |
10.25% |
| Margin |
15% & 20% |
| Repayment Period |
Maximum 9 years. |
| Collateral Security |
Mortgage of landed property value of 150% of the loan amount. The value of the land shall be determined by taking the mean value of collector rate assessed by district administration and market value assessed by empanelled valuer of the bank. Guarantee of two persons who shall be nominal members of the bank. |
| Area of Operation |
Loan shall be advanced in the area operation in the Muktsar district. |