Dairy Loan to Members of MPCS

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 Fazilka district.
Rate of Interest are subject to change as per bank policy.