Andhra Pradesh Grmeena Vikas Bank – Poultry Vikas (Broiler Contract Farming)

By | June 23, 2011

Purpose                      – Financial assistance to farmers having Contract Broiler Farming arrangements; Construction of poultry shed, feed room and purchase of equipment viz., pump set, water storage tank, feed mixing plant etc.

Eligibility                     – Existing and new poultry farmers with experience and having undergone training in poultry farming, with adequate land and water resources; SHGs possessing land in the groups’ name with water sources

Tie-up arrangements with hatcheries required for supply of broiler chicks, free of cost inputs, buy back arrangements with pre-determined rates.

Loan amount              – Maximum Rs.9.0 lakhs, depending upon the size of the farm, in multiples of 1000 birds

Margins                       – 25%

Repayment                 – 30 bi monthly installments in a total period of 5 years with a grace period of 6 months

Security                      – Primary – Hypothecation of assets created by Bank finance; Collateral – Mortgage of land and shed including other infrastructure available to cover total value of the loan

Documents required  – a) Loan Agreement

b) Letter of Guarantee, if applicable

c) Tie-up Agreement Letter between farmer/ SHG and hatchery/ company

d) Confirmation letter

e) Memorandum for recording creation of Mortgage by deposit of Title Deeds in case of Equitable Mortgage

f) Registered Mortgage Deed if EM cannot be created.

Insurance                   – Optional for birds; but shed should be insured

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.
Category: Articles Glossary Tags: ,

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.

4 thoughts on “Andhra Pradesh Grmeena Vikas Bank – Poultry Vikas (Broiler Contract Farming)

    1. Team BankBazaar

      Hi Johnbabu, How can we help you? Cheers, Team BankBazaar

      Reply
  1. SANTOSH

    Hello Good Morning,

    I am Santosh from VIZANAGARAM I would like to start a poultary at my place. Could you suggest what are all the things i need to have start a poultary. Can i get any contact number of yours.

    Reply
    1. Team BankBazaar

      Hi Santosh,

      Thanks for getting in touch. If you’re looking for a Personal Loan to set up your poultry farm, we suggest you check your eligibility here.
      For specific queries related to setting up your business, we suggest you get in touch with your legal counsel.

      Cheers,
      Team BankBazaar

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *