Dairy Farm Business Loan
Are you looking for funds to fuel your dairy farm business? Opting for a loan to fund your business is better as it is never advisable to break your savings to start a venture. Most often, a budding business man is strapped of funds to start his venture. This is where a Business Loan for a Dairy Farm could help you.
Opting for a loan to fund your business is better as it is never advisable to break your savings to start a venture. Most often, a budding businessman is strapped of funds to start his venture. This is where a Business Loan for a Dairy Farm could help you.
Lenders offer special loans to help businessmen finance dairy farm business. Read on to know more.
What is a Dairy Farm Business loan?
A Dairy Farm Business loan is specifically aimed at financing dairy business, which includes construction of the shed, purchase of milch animals, milking machine, chaff cutter or any other equipment required for the purpose of running a dairy business.
The Indian central government last has launched scheme through National Bank for Agriculture and Rural Development (abbreviated as NABARD). Its main objective is to encourage farmers and individuals to venture into the unorganized sector of dairy farming and bring more structure. Through this scheme, budding entrepreneurs can get finance for construction of modern dairy farms and be providing employment opportunities for individuals.
Private banks also offer financial assistance in the form of business loans.
Who are eligible?
Farmers, individuals, and dairy societies are eligible for the NABARD scheme as well as loans offered by private banks. This scheme also provides opportunities for entrepreneurs interested in dairy farming.
Age criteria: Applicant should ideally be less than 65 years of age.
Purpose of the loan:
• To establish a small dairy unit with 2 to 4 milch cattle.
• To establish new medium / large unit.
• For purchase of modern milking equipment.
• The collection, processing, distribution of milk & manufacturing of milk products.
• Purchase of improved/crossbreed milch cattle.
• Construction of cattle shed.
Quantum of finance
As per unit cost approved by NABARD / as per project cost (need based).
Dairy Farm Business Loan Interest Rate
It depends on a host of eligibility criteria that might include but is not limited to - your credit worthiness, borrowing history and other factors that reflect your financial capability and behavior.
Apply for Dairy Farm Business Loan in India
If you are looking for a Dairy Farm Business Loan and are unsure about how to apply, then CreditMantri can guide you. You can typically apply for a business loan which can be utilized to establish your dairy business.
You can check your eligibility and apply for a business loan by signing up with CreditMantri. It is quick, simple and above all, free.
CreditMantri matches your credit and demographic profile to the lender's lending criteria and presents you a shortlist of only those lenders willing to lend to you based on your unique credit profile. In effect, we pre-screen your application to make sure you are likely to qualify as per the lender's credit criteria. Hence the chances of your business loan application getting approved are higher.
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