Digital Dairy Loan Scheme

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Digital Dairy Loan Scheme

Particulars	Details
Purpose	Purchasing of Milch Cattle.
Who are eligible?	Individual farmers engaged in agricultural, dairy, agri-allied activities, rearing of milch animals. ETB customer with >6 months banking relationship with UCO Bank. NTB customer up to 6 months banking relationship with UCO Bank Average monthly income from dairy activities in the past 12 months must be equal to or greater than Rs. 5,000. CIBIL Score >= 650. No SMA-2/NPA in any trade line in the past 12 months will be eligible. KYC compliant accounts. Farmer must present a quotation proving cattle price.
Age	Minimum: 18 years Maximum: 65 years
Quantum of Loan	Minimum Loan – Rs. 25,000 Maximum Loan – Rs. 2,00,000
Repayment period	Maximum tenure to be 60 months, as long as the age of the pensioner does not cross 65 years at the time of closure of the loan
Processing ,cibil and documentation charges	• Processing Up to Rs.25000 – NIL Above Rs.25000 and up to Rs.2 lakh – 1% of limit sanctioned, minimum Rs.600/- • Documentation Charge-NIL • Cibil Charges-Rs.177/- (Including GST)
Fin-tech Charge	598.82 (If customer has not provided PAN card in application) 608.82 (If customer has provided PAN card in application)
Rate of interest	MCLR+1 % presently 10.00 % P.A
Other Salient Features	Cooling-off period of 3 days from date of sanction /disbursement
How to access this digital journey	This end to end digital journey may be accessed through desktop or mobile phone, using the link available in UCO Bank Website.

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