Dairy and Meat Finance
The plan is aimed at promoting the Dairy sector & meat production in the country. The farmers are extended financing facilities to purchase dairy animals for milk and for the establishment of animal fattening stations to increase meat production on commercial lines, thus enabling the farmer to
create more income.
- The amount of loan is assessed on the basis of the purpose for which loan is required
- The repayment of loan may be scheduled in installments on monthly, quarterly and half yearly basis
- The cash flows to be routed through MCB Bank account
- The animals are comprehensively insured till the repayment of the loan
- The animals financed are hypothecated in banks' favor
- Farmers supplying milk to Milk processing units like Nestle's are covered.