Purpose
This working Capital facility to meet the Short term credit requirements of rearing of animals, birds, Fish, shrimp, other aquatic organisms, capture of fish.
Eligibility
Inland Fisheries & Aquaculture
- Fishers, fish farmers (individuals/groups), SHGs, JLGs, women groups
- Must own/lease ponds, tanks, hatcheries, or other fisheries-related units
- Must have valid license for fish farming/fishing activities
Marine Fisheries :
- Fishers, farmers, dairy farmers (individuals/JLGs/SHGs/tenant farmers).
- Must own/rent/lease sheds or registered fishing boats/vessels
- Must have license/permission for fishing in estuaries/sea or mariculture.
Poultry & Small Ruminants :
- Farmers (individuals/JLGs/SHGs/tenant farmers) of poultry, sheep, goats, pigs, rabbits.
- Must own/rent/lease suitable sheds.
Dairy :
- Farmers and dairy farmers (individuals or joint borrowers)
- JLGs/SHGs.
- Tenant farmers
- Must have owned/rented/leased sheds.
Limit and Margin
Based on Scale of Finance decided by District Level Technical Committee (DLTC)
- Loan limit is per animal/unit basis
- No margin required for small loans (as per bank policy)
Security
- Hypothecation of livestock
- Collateral security may be required as per RBI/bank norms (usually above ₹2.00 lakh)
Repayment
- Revolving cash credit facility
- Repayment based on cash flow or production cycle
- Annual review of limit
Rate of Interest
