π TMB Poultry Farm Broiler Loan β Eligibility, Interest Rate, Documents & Apply Guide
Otherπ What is TMB Poultry Farm Broiler Loan?
The TMB Poultry Farm Broiler Loan is an agricultural financing scheme offered by Tamilnad Mercantile Bank (TMB). It helps farmers and entrepreneurs start or expand a commercial broiler chicken farming business by providing funds for infrastructure, chicks, feed, and operational costs.
This loan is ideal for individuals and businesses involved in poultry farming in India.
π° Loan Amount (TMB Poultry Broiler Loan Limit)
- Maximum loan amount: Up to βΉ25 crore
- Loan size depends on project report and farm capacity
ποΈ Expenses Covered Under TMB Poultry Loan
The loan can be used for:
- Poultry shed construction
- Broiler chicks purchase
- Feed and nutrition
- Medicines and veterinary care
- Equipment and machinery
- Electrical setup and water supply
- Transport and logistics
- Working capital expenses
π¨βπΎ Eligibility Criteria
Applicants eligible for TMB Broiler Poultry Loan:
- Individual farmers
- Poultry farm entrepreneurs
- Self Help Groups (SHG)
- Joint Liability Groups (JLG)
- Farmer Producer Organizations (FPO)
- Partnership firms and companies
π΅ Margin / Down Payment
- Small & marginal farmers: 15% margin
- Other applicants: 25% margin
π Interest Rate (TMB Poultry Loan Interest Rate)
- Interest rate: Linked with bank lending rate (MCLR)
- Approx range: 10% β 11% per annum
- Final rate depends on credit profile and bank approval
β³ Repayment Tenure
- Flexible repayment schedule
- Based on poultry production cycles and cash flow
π‘οΈ Security / Collateral
- Hypothecation of poultry farm assets
- Includes shed, birds, equipment, and infrastructure
π Documents Required
To apply for TMB Poultry Broiler Loan, you need:
- Aadhaar Card / ID proof
- Address proof
- Land ownership documents
- Detailed project report (DPR)
- Poultry farm plan
- Income proof
- Bank account details
π Key Features of TMB Poultry Loan
- Supports commercial broiler farming
- Covers complete farm setup cost
- Suitable for small and large poultry units
- Flexible EMI repayment options
- Helps increase rural income and employment
π¦ How to Apply for TMB Poultry Farm Loan?
Follow these steps:
- Visit nearest Tamilnad Mercantile Bank branch
- Submit poultry project report
- Provide required documents
- Bank verification and approval process
- Loan disbursement after approval
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