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  • Purchase of sheep suitable to the area and construction of stall for housing the animal.
  • Purchase of goats suited to the area for rearing either under stall or free grazing conditions.
  • The selected breed should be suitable for the tract, and easily available at reasonable cost.
  • There should be sufficient grazing facilities and accommodation to house the animals.
  • Good quality drinking water should be available.
  • Veterinary assistance should be easily and readily available.
  • There should be good demand for mutton, wool, leather and other sheep products and assured marketing facilities.
  • The farmer should preferably be a member of a co-operative sheep rearing society or association, which would be able toextend various facilities to its members and assist the bank in identification of borrowers, in disbursement, supervision and recovery.
Margin Up to Rs.1.60 lakhs - Nil
Above Rs.1.60 lakhs -15-25%
Security
  • Up to Rs 1.60 lakhs – Hypothecation of livestocks/assets created out of bank loan,
  • Above Rs 1.60 lakhs – Hypothecation of livestock/assets plus mortgage of land.
  • Loans extended to allied activities under agriculture (pisciculture, beekeeping, poultry, livestock, grading, sorting, aggregation agro industries, dairy, fishery, agriclinics and agribusiness units, food & agro processing,etc.) uptoRs.10.00 lakhs should be compulsorily covered under CGFMU
Repayment Period For sheep: The loan is to be repaid in 7 to 9 years with a gestation period of 12 months to 18 months by half yearly/yearly instalments from the sale proceeds of progeny
For goat: The loan is to be repaid within 7 to 9 years by quarterly / half yearly instalments inclusive of gestation period of 12 months to 18 months
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Last updated on 24-06-2024 06:14 AM

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