|
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 10.00 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 3.00 Lakhs: MCLR+1.00 % Above Rs 3.00 Lakh upto Rs 10.00 Lakhs: MCLR+1.15% Above Rs 10.00 Lakhs upto Rs 100.00 Lakhs : MCLR+1.25% Above Rs 100.00 Lakhs : As per credit rating |
|
Processing Charges |
Sanction :0.25% of limit/Loan amount Renewal: 0.10% of limit/Loan amount |
|
Repayment |
Term Loan –Max 108 months (Mortorium Max 12 Months) OD/BG/LC: Annual renewal |
|
Documentation Charges |
Up to Rs 2.00 Lakhs: NIL Above Rs 2.00 Lakh to Rs 25.00 Lakh: Rs 50/- per Lakh Above Rs 25.00 Lakh to Rs 50.00 Lakh: Rs 75/- per Lakh Above Rs 50.00 Lakh to Rs 100.00 Lakh : Rs 100/- per Lakh Above Rs 1.00 Lakh to Rs 10.00 Cr : Rs 100/- per Lakh |
