(FINANCE FOR LIVE STOCK BREED IMPROVEMENT THROUGH VILLAGE VETERINARY-VVW)
Purpose:
Provision of financial facility to the Village Veterinary Workers (trained by Live Stock and Dairy Development Department) for purchase of Artificial Insemination kits on lease finance basis.
Eligibility:
Village Veterinary Workers having diploma certificate and recommendations from Live
Stock and Dairy Development Department, Govt. of Punjab.
Amount:
Maximum Rs.45,000/- or 90% of purchase price of kit and bicycle.
Security:
1. Leased Assets (Receipt will be issued in the name of Bank).
2. Two personal guarantees of reputable persons having fixed assets equivalent or
more to value of advance.
Insurance:
Comprehensive Insurance of Leased Assets Life assurance of lessee under the Bank’s
charge.
Mark-up:
18% Per Annum
Repayment:
20 equal quarterly installments (within five years).