| Salient Features of BOP Digital Financing for Agriculture (Non-Farm) |
| Purpose |
Digital Financing for Agriculture (Non-Farm) is designed to support the small farmers for their dairy/livestock business. This end to end digital solution offers financial support to farmers engaged in said agri businesses for Purchase of animals and working capital requirement of the business. |
| Eligibility Criteria |
The borrower should be capable of running the operation.
Clean E-CIB with "NIL" write off history
No of animals: o For Milking purpose: Upto 15 animals o For Meat Purpose: Upto 30 animals |
| Age Requirement |
Age 21- 65 years (Max. 65 years at time of maturity) |
| Target Market |
All Farmers engaged in Dairy/Livestock Businesses . |
| Loan Size |
Min = Rs 100,000/-
Max = Rs 1,000,000/- |
| Loan Tenor |
Up to 5 years for term loan
Up to 3 years for working capital, charge documents shall also be signed digitally for 3 years |
| Pricing |
1 Year KIBOR + 9.99 % p.a |
| Security Requirement |
Personal Guarantee required without any tangible collateral. |
| Processing Fee |
As per SOC |