Andhra Pradesh Grmeena Vikas Bank – Palamitra Dairy Vikas Scheme

By | June 24, 2011

Purpose                      – The loan offers financial assistance to small and marginal and tenant Farmers with focus on women folk under group approach, to improve rural economy through employment opportunity and increase milk production through organized sector.

Type of loan                – Allied Agricultural Term Loans

Eligibility                     – a) Small homogenous groups consisting of 5-15 members of small, marginal and tenant farmers formed with rural women afresh as Palamitra Dairy Vikas Scheme Group

b) Existing SHGs with good track record.

c) Group with a minimum thrift of Rs 100 per month per member.

d) In a village where milk collection centre and Veterinary extension service within radius of 5 KM is available.

e) The Group should own 2-5 acres land and willing to raise green fodder on collective basis.

Quality of Animals

Only Graded Buffaloes are to be purchased preferably with one calving.

A Unit of 3 graded murrah buffaloes with cost range of Rs 14400 to Rs 19200 for each animal with milk yield of 6 to 8 Liters per day to be given.

Tie up arrangement: The Group shall enter in to tie up with milk processing Unit.

Quantum of Loan       – Not exceeding Rs 60000/- per member in a group and aggregate group loan limit should not be more than Rs 9.00 Lakhs.

Disbursements            Stage wise disbursements.

Repayment                 – 60 monthly installments. Recovery is to be insisted through issue of cheques by milk processing units

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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