Purpose : For construction of Poultry House – Brooder/Grower/Layer/Broiler House.
For purchase of Poultry Equipments.
For purchase of Chicks/Pullets/Broilers.

Working Capital requirement. Eligibility : Proprietorship/Partnership concerns/ Private Limited Firms with sole Proprietor/Partners/Directors over 18 years of age engaged in relevant business activities.

Loan Amount : Need based finance –Computed on the basis of prevalent policy of the Bank for assessment of credit requirement.

Margin :
Term Loan - 35%
Working Capital – 40%

Repayment Period: Cash Credit Limit shall be sanctioned for one year and shall be allowed to renewed further subject to performance of account as Per norms/policy of the Bank from time to time.

Term Loan for equipments - Maximum 60 months in equated monthly installments.
Term Loan for Construction – Maximum 72 months in equated monthly installments.
Security : Upto Rs.1.00 Lacs – Hypothecation of Live Stocks and third party Guarantee of two persons having sufficient means. Above Rs.1.00 Lacs – Hypothecation of Live Stocks collaterally secured by registered mortgage of property equal to 200% of the loan amount and third party guarantee of one Person up to Rs.5.00Lacs and two Persons above Rs.5.00Lacs.

Processing Fee : (i) upto Rs. 25000/- No charges
(ii) Above Rs.25000 upto Rs.2.00 Lakh Rs.450/-
(iii) Above Rs.2.00Lakh Rs.450/- + Rs.200.00 per Lakh or part thereof subject to maximum of Rs.30000/-

Pre-Payment : Permitted without penalty.
Linkage Shares : 2.5% of the advance made.

CHECK LIST (Poultry Loan/Diary Loan):

Sole Proprietor Concern: 1. Loan application form
2. Personal statement of borrower(s)
3. Personal statement of guarantor(s)
4. Two passport size photographs of borrower(s) & guarantor(s) each.
5. Financial statements of the concern for last three years.
6. Projected balance sheets for next three years in case of new concerns/enhancements.
7. Latest stock statement.
8. Registration Certificate under shops & establishment Act.
9. Income Tax Returns of Firms/Prop./Partner for last one years.
10. Rent deed of business premises, if not owned.
11. No due certificate from other banks – publication in local newspapers regarding land offered for mortgage.
12. Copy of Tin No. obtained from Sales Tax deptt. if required

Partnership Concern:
In addition to above, the following documents are required:
13. Partnership deed.
14. Authority to operate the account.
15. Deed if any executed regarding change/induction of new partner etc.

Private Limited Concerns:
In addition to points at s.no.1-12, the following documents are required:
16. Memorandum of Association.
17. Articles of association
18. Certificate of Incorporation
Requirements for Cash Credit Limits Collaterally Secured By Registered Mortgage of Property: 19. Copy of title deed, latest Fard/Jamabandi.
20. Valuation of Property by approved valuar
21. Proof of title of vendor/seller.
22. Legal opinion from approved legal advisor of the Bank.
23. Non-encumbrance certificate

Documents Required from SSI units: In addition to above required documents the below noted documents are required to be obtained:
24. Detailed Project Report from authorized agencies/qualified financial consultants.
25. Copy of provisional/permanent Registration certificate of unit with DIC/SICOP and in case of Pvt. Ltd. concern with Registrar of Companies
26. Power connected load/Water connection certificates from concerned departments.
27. NOC from pollution control board.
28. Detail of Plant & Machinery existing/proposed to be installed at the unit.
29. Whether any arrangement made for regular supply of raw material. Furnish copies/agreement.
30. Orders in hand/expected.

Others:
In order to comply KYC norms the following documents be also obtained:
a) Proof of age
b) Proof of address
c) Telephone No./Mobile No. Copy of PAN card/Driving Licence /Electricity Bill/Telephone Bill (Latest).
d) Income Proof, if any

Private Limited Concerns:
11. Registration of Banks’ charge on securities hypothecated to the Bank with Registrar of Companies.
In addition to above following documents are required in case of limits sanctioned against regd. Mortgage of property:
i) Mortgage deed duly registered with competent court of law.
ii) Irrevocable power of attorney duly registered with competent court.
iii) Mutation in revenue record of property.

CHECK LIST (Poultry Loan/Diary Loan):

Sole Proprietor Concern: 1. Loan application form
2. Personal statement of borrower(s)
3. Personal statement of guarantor(s)
4. Two passport size photographs of borrower(s) & guarantor(s) each.
5. Financial statements of the concern for last three years.
6. Projected balance sheets for next three years in case of new concerns/enhancements.
7. Latest stock statement.
8. Registration Certificate under shops & establishment Act.
9. Income Tax Returns of Firms/Prop./Partner for last one years.
10. Rent deed of business premises, if not owned.
11. No due certificate from other banks – publication in local newspapers regarding land offered for mortgage.
12. Copy of Tin No. obtained from Sales Tax deptt. if required

Partnership Concern:
In addition to above, the following documents are required:
13. Partnership deed.
14. Authority to operate the account.
15. Deed if any executed regarding change/induction of new partner etc.

Private Limited Concerns:
In addition to points at s.no.1-12, the following documents are required:
16. Memorandum of Association.
17. Articles of association
18. Certificate of Incorporation
Requirements for Cash Credit Limits Collaterally Secured By Registered Mortgage of Property: 19. Copy of title deed, latest Fard/Jamabandi.
20. Valuation of Property by approved valuar
21. Proof of title of vendor/seller.
22. Legal opinion from approved legal advisor of the Bank.
23. Non-encumbrance certificate

Documents Required from SSI units: In addition to above required documents the below noted documents are required to be obtained:
24. Detailed Project Report from authorized agencies/qualified financial consultants.
25. Copy of provisional/permanent Registration certificate of unit with DIC/SICOP and in case of Pvt. Ltd. concern with Registrar of Companies
26. Power connected load/Water connection certificates from concerned departments.
27. NOC from pollution control board.
28. Detail of Plant & Machinery existing/proposed to be installed at the unit.
29. Whether any arrangement made for regular supply of raw material. Furnish copies/agreement.
30. Orders in hand/expected.

Others:
In order to comply KYC norms the following documents be also obtained:
a) Proof of age
b) Proof of address
c) Telephone No./Mobile No. Copy of PAN card/Driving Licence /Electricity Bill/Telephone Bill (Latest).
d) Income Proof, if any

Private Limited Concerns:
11. Registration of Banks’ charge on securities hypothecated to the Bank with Registrar of Companies.
In addition to above following documents are required in case of limits sanctioned against regd. Mortgage of property:
i) Mortgage deed duly registered with competent court of law.
ii) Irrevocable power of attorney duly registered with competent court.
iii) Mutation in revenue record of property.