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  • Piggery Loan

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    Kuldeep Yadav
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    Piggery loans are provided by banks to establish or improve pig farms. The loans can be used for purchasing boars, sows, feed, or constructing pig pens. To be eligible, applicants must have adequate housing and access to veterinary services, suitable pig breeds, affordable feed, and a demand for pork products. Loans under Rs. 1 lakh require no margin, while loans above require 15-25% margin. Smaller loans are secured by hypothecating assets created from the loan, while larger loans also require land as security. Repayment periods are 4-5 years for breeding loans or 12 months lump sum for fattening loans.

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    Piggery loans are provided by banks to establish or improve pig farms. The loans can be used for purchasing boars, sows, feed, or constructing pig pens. To be eligible, applicants must have adequate housing and access to veterinary services, suitable pig breeds, affordable feed, and a demand for pork products. Loans under Rs. 1 lakh require no margin, while loans above require 15-25% margin. Smaller loans are secured by hypothecating assets created from the loan, while larger loans also require land as security. Repayment periods are 4-5 years for breeding loans or 12 months lump sum for fattening loans.

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    © All Rights Reserved
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    7 views1 page

    Piggery Loan

    Uploaded by

    Kuldeep Yadav
    Piggery loans are provided by banks to establish or improve pig farms. The loans can be used for purchasing boars, sows, feed, or constructing pig pens. To be eligible, applicants must have adequate housing and access to veterinary services, suitable pig breeds, affordable feed, and a demand for pork products. Loans under Rs. 1 lakh require no margin, while loans above require 15-25% margin. Smaller loans are secured by hypothecating assets created from the loan, while larger loans also require land as security. Repayment periods are 4-5 years for breeding loans or 12 months lump sum for fattening loans.

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    © All Rights Reserved
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    PIGGERY LOAN

    Purpose Piggery loans are sanctioned for improving/establishing piggery farms for
    fattening/ breeding including purchase of boars, sows, feeds and
    construction of pig sty.
    Eligibility i. There should be sufficient accommodation for the existing animals
    as well as those proposed to be purchased.
    ii. Veterinary assistance should be readily available.
    iii. Suitable breeds of pigs should be easily available.
    iv. Feeds should be easily available at reasonable cost.
    v. There should be good demand for pork, bacon, ham and sausage.
    Necessary permission from municipal authorities wherever
    needed
    Margin Loans upto Rs.1 lakh - Nil
    Loans above Rs.1lakh - 15-25%
    Security For loan upto Hypothecation of assets created out of our
    Rs.1,00,000/- finance.
    For loans above Hypothecation of crops/assets created out of our
    Rs.1,00,000/- finance and Mortgage of landed properties

    Repayment i) When the loan is granted for breeding of pigs for production of piglets
    Period for sale & construction of pig sty, loan should be repaid within 4-5
    years in yearly instalments including initial repayment holiday of 12
    months.

    ii) When the loan granted is for purchase of piglets for fattening, loan
    should be repaid in one lump sum within 12 months or
    marketing, whichever is earlier.

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