| Beneficiary |
Members of Coop. Milk Producers Societies. |
| Purpose |
Purchase of maximum 2 miltch cattle. |
| Loan Limit |
Maximum amount upto Rs. 1.00 lac. |
| Rate of Interest |
10.25% |
| Margin |
10%. & 15% |
| Repayment Period |
Maximum 5 years in equated monthly or quarterly installments with option of 3 months moratorium as per requirement. |
| Securities |
No Guarantee for loan upto Rs.50,000/- or for one animal. For loan more than Rs.50,000/- or more than one animal:- guarantee by one person who should be nominal member of the bank. The guarantor should be the owner of at least one acre of agricultural land or a govt./ semi govt/ board/ corporation/ cooperative employee having remaining service more than the tenure of loan. |
| Area of Operation |
Loan shall be advanced in the area operation in the Muktsar district. |