Digital Bovine Loan

  • e-KYC documents, Aadhaar card mandatory for applicant & coapplicant
  • PAN card or Form 60/61 for applicant & co-applicant
  • Any other OVD can be considered as secondary OVD in the absence of PAN card (e.g. voter ID, driving license, etc.)
  • Milk statement income data through BSA for 1 year (with landholding details) or 2 years (without landholding details)
  • Milk insights fetched from RBiHs PTPFC (if applicable)
  • Record of landholding (if applicable/available)
  • Post sanction: Health insurance certificates from qualified veterinary doctor

Dairy Maintenance Loan

  • e-KYC documents, Aadhaar card mandatory for applicant & coapplicant
  • PAN card or Form 60/61 for applicant & co-applicant
  • Any other OVD can be considered as secondary OVD in the absence of PAN card (e.g. voter ID, driving license, etc.)
  • Milk statement income data through BSA for 1 year (if applicable)
  • Milk insights fetched from RBiHs PTPFC (if applicable)
  • Record of landholding (if applicable/available)
  • Post sanction: Health certificates from a qualified veterinary doctor

Dairy Equipment Loan

  • e-KYC documents, Aadhaar card mandatory for applicant & coapplicant
  • PAN card or Form 60/61 for applicant & co-applicant
  • Any other OVD can be considered as secondary OVD in the absence of PAN card (e.g. voter ID, driving license, etc.)
  • Milk statement income data through BSA for 1 year (with landholding details) or 2 years (without landholding details)
  • Milk insights fetched from RBiHs PTPFC (if applicable)
  • Record of landholding (if applicable/available)

Dairy Maintenance Loan

  • Dairy farmers associated with milk societies
  • Individuals aged 18-70 years (including loan tenure)
  • Dairy farmers with 2 or more existing cattle (max ₹20,000 per cattle)

Digital Bovine Loan

  • Dairy farmers associated with milk societies
  • Individuals aged 18-70 years(including loan tenure)
  • Dairy farmers with at least 2 cattle (incl. existing & to-bepurchased)
  • Co-borrower should be a spouse or blood relative
  • For dairy farmers without landholding, the exposure should be restricted to ₹2 lakh; milk income required for minimum 2 years

Dairy Equipment Loan

  • Dairy farmers associated with milk societies, milk collection points, FPOs in dairy; farmers associated with any private dairy, NDDB or subsidiary milk producer companies
  • Individuals aged 18-70 years (including loan tenure)
  • Co-borrower should be a spouse or blood relative

Dairy Equipment Loan

  • Hypothecation of assets (i.e. dairy equipment)

Digital Bovine Loan

  • Hypothecation of assets (i.e.livestock) created out of bank finance

Dairy Maintenance Loan

  • No security required

Dairy Equipment Loan

  • 15% margin
  • Zero foreclosure charges

Digital Bovine Loan

  • Max ₹1 lakh per cattle or cattle cost; min margin 15% (with a cap of max 5 cattle)
  • ₹4 lakh (incl. insurance amount) margin for big ticket loans
  • ₹2 lakh (incl. insurance amount) margin for small ticket loans
  • Zero foreclosure charges

Dairy Maintenance Loan

  • No margin
  • Zero foreclosure charges

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Got questions? We’ve got answers.

What is the rate of interest for the Dairy Maintenance Loan?

The Dairy Maintenance Loan has a fixed interest rate of 20% on monthly reducing basis.

The Dairy Maintenance Loan gives you access to a minimum of ₹40,000 and maximum ₹1 lakh

You are eligible to apply for the Dairy Maintenance Loan if you are a dairy farmer aged 18-70 years (including loan tenure), associated with milk societies, and have 2 or more existing cattle

Before the loan is sanctioned, you will require e-KYC documents, Aadhaar card, PAN card or Form 60/61 for applicant & co applicant. Any other OVD can be considered as secondary OVD in the absence of PAN card (e.g. voter ID, driving license, etc.). You will also require milk statement income data through BSA for 1 year (if applicable), milk insights fetched from RBiH’s PTPFC (if applicable), and record of landholding (if applicable/ available). Once the loan is sanctioned, you will need to provide health certificates from a qualified veterinary doctor.

The Dairy Maintenance Loan by Karnataka Bank is a loan designed for dairy farmers to purchase cattle feed & nutrition, cattle healthcare, cattle insurance, or for construction or maintenance of cattle shed, etc