DIP is the first of its kind, innovative two-fold assessment of the cattle and dairy farmer by leveraging artificial intelligence, across Banking, Insurance and E-commerce for the dairy industry. DIP helps our partners to achieve scale in the largely under-penetrated dairy sector and benefits to all the stakeholders.
The dairy industry lacks such an innovative platform, else the option available for the players is to continue the existing practice and low market penetration.
Cattle Loan FAQ's
A cattle loan is a financial product designed to provide funding to individuals or businesses engaged in cattle farming. These loans are typically used to purchase, maintain, or expand a cattle herd. Cattle loans can be secured or unsecured and come with various terms and interest rates depending on the lender and the borrower’s financial situation.
Typical documents include ID proof, land records, income statements, and details of the cattle to be purchased. Lenders may request additional documents based on their requirements.
Cattle loans provide farmers with the necessary funds to purchase and maintain their livestock, improving their overall farming productivity and income potential. They offer financial flexibility and can be tailored to specific needs.
The investment for a dairy farm can vary widely based on factors such as the size of the operation, location, and the level of automation. On average, it can range from INR 5 lakhs to INR 10 lakhs for a small-scale dairy farm, while larger commercial farms may require several crores of rupees in investment. It’s essential to create a detailed business plan to determine your specific investment needs.
The cattle loan approval process typically takes 2 to 4 weeks, depending on the lender and the complexity of the application. This duration includes application submission, verification, appraisal, and approval stages. It’s advisable to apply well in advance to ensure timely funding for your dairy cattle needs.
We offer a range of loans tailored to the needs of dairy farmers, including Dairy Farm Expansion Loans, Livestock Purchase Loans, Dairy Equipment Financing, and Working Capital Loans. Each is designed to support different aspects of dairy farming operations.