Cattle Finance

About Cattle Finance

  • HDFC Bank Launches Digital Cattle Loan with DGV
    HDFC Bank, a major lender in the dairy sector, has launched an innovative Digital Cattle Loan to reach underbanked and unbanked locations. This initiative partners with Digivriddhi Technologies (DGV), a leading fintech and business correspondent (BC) partner.
  • Digivriddhi Technologies, India's first integrated dairy fintech and marketplace platform, serves as a one-stop platform for dairy farmers by providing:

    • DGV Pay: A unique range of payment solutions for the dairy value chain.
    • DGV Money: Access to digital Cattle Loans for dairy societies and farmers.
    • HDFC Bank Product Offerings: Through its BC channel, HDFC Bank will offer regular banking services and transactional facilities to its digital Cattle Loan customers.
  • Transactions through BC Point Micro ATM:
  • 1. Aadhaar Transactions:

    • Cash Withdrawal
    • Cash Deposit
    • Balance Inquiry
    • Mini Statement
    • Funds Transfer
  • 2. Card + Pin Transactions:

    • Cash Withdrawal
    • Cash Deposit
    • Balance Inquiry
    • Mini Statement
    • Funds Transfer
    • Pin Change
    • Green Pin
  • Product Offerings Include:

    • Asset Sourcing: Cattle Loans
    • Liability Sourcing: Savings Account, Current Account
    • Social Security Schemes: PMJJBY, PMSBY

Key Features of Cattle Finance

  • Hassle-Free Loan Process: A one-step process for obtaining a Cattle Loan.
  • Quick and Cost-Effective: A streamlined digital loan process with zero paperwork.
  • Robust Underwriting: Loan underwriting based on the farmer’s milk productivity track record.
  • Flexible Loan Amounts: Loan amounts range from ₹60,000 to ₹3 lakh with easy repayment options.
  • Accessibility: Easy access to DGV BC offices to ensure opportunities for interested members of dairy societies. HDFC Bank's digital Cattle Loan, along with other banking services, will be provided through DGV’s platform, ensuring a seamless experience for dairy farmers across India.

More about Cattle Finance

Boosts Herd Quality

Provides funds for purchasing high-quality livestock and improving genetics.

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Enhances Infrastructure

Finances upgrades to facilities, equipment, and feed systems.

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Improves Cash Flow

Offers flexible repayment plans that ease financial pressures.

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Supports Growth

Enables expansion of operations, increasing productivity and profitability

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Facilitates Access to Resources

Helps acquire essential resources like feed, veterinary care, and technology.

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Encourages Investment

Promotes long-term investment in the cattle business for sustainable success.

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To apply for Cattle Finance, visit HDFC Bank's official website and navigate to the ‘Agri’ section; next, choose ‘Cattle Finance’ and proceed with the application.

Frequently Asked Questions

Cattle Finance refers to loans and financial services designed for purchasing and maintaining cattle. It supports dairy farmers and livestock owners by providing funds for buying cattle, feed, and related expenses. These loans typically have flexible repayment terms aligned with the agricultural income cycle.

HDFC Bank offers Cattle Finance to dairy societies and farmers in under-banked locations. Cattle Finance from our Bank improves Cash Flows, as it offers flexible repayment plans that ease financial pressures.