Live Stock Development Scheme
Purpose:
Provision of financial
facility for purchase of animals (Milk & meat production, cattle farming, Poultry
Farming and Fish farming) to the farmers and non farmers (those who have their own
live stock farm/fish farm for commercial purposes)
Eligibility:
Sufficient experience to handle Dairy Farm, Cattle Farm, Goat Farm, Poultry and
Fish Farming.The persons who have their self owned Dairy Farms for production of
milk on commercial basis).The applicant should be having adequate arrangements to
sell out the products properly e.g. supply contract with milk processing company.
Amount:
80% of cost of animals (Maximum facility can be granted upto 50% of forced sale
value of property).
Security:
Leased Animals (receipt will be issued in the name of Bank)
Charge on Agriculture Land through Agri. Pass Book
OR
Charge on urban immovable property through equitable/registered mortgage. The property
will be cleared by Bank's approved legal counsel and will be assessed by Bank's
and PBA's approved surveyor.
Liquid security in the shape Bank's Fixed Deposited Receipts/DSC/NSC or Regular
Income Certificates.
Margin on Security:
50% margin on landed property (Agri/Urban).
25% margin in case of liquid security
Insurance:
The Lessee will arrange comprehensive insurance of Animals. In case of Poultry
and Fish farming Borrower will have to arrange comprehensive insurance of poultry
and fish stock himself form Bank's approved A rated company life assurance of lessee
under the Bank's charge.
Period:
5 years (including one year dry period).
Repayment:
16 equal quarterly installments within four years excluding one year dry period.
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