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:
15% per annum.