|
Purpose |
To provide finance to the units engaged in Food and Agro processing /Agri Infrastructure/Seed Production /Bio Pesticides & Bio Fertilizers/ Agri Service providers/Ancillary activities |
|
Eligibility |
Individual / Firm/LLP/Cooperative Society/FPO/Companies engaged in agro related activity |
|
Nature of facility |
Term Loan /OD/BG/LC |
|
Quantum of Loan |
Minimum Rs 2.00 Lakhs Maximum Rs 1000.00 Lakhs |
|
Margin |
OD/Peak level OD-20%, TL/Open TL-25%, BG/LC-20% |
|
Security |
Hypothecation of stock/receivables/Plant and Machinery Collateral Security : Minimum 100% of loan amount |
|
Interest Rate |
Up to Rs 100.00 Lakhs: It will be as per prevailing rate of the scheme |
|
Repayment |
Term Loan –Max 108 months (Moratorium Max 12 Months) OD/BG/LC: Annual renewal |
