Term Loan for urgent purchase of Dairy Equipment / Machinery by Producers’ Owned Institutions
1. Purpose of the scheme:
To make available term loan to Producers’ Owned Institutions (POIs) to meet their urgent need to purchase equipment and machineries of the dairy, cattle feed or feed supplement plants, including civil works, required for their efficient operation, refurbishment, modernization and upgradation, etc.
2. Eligible institutions:
Producers’ Owned Institutions (POIs) such as State Milk Federations, Milk Unions, Multi-State Cooperatives and Milk Producer Companies.
3. Quantum of Loan:
Maximum loan upto Rs. 10 Crore per eligible POI for a project. POI can avail loan upto 80% of the project cost.
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