Cent Agri Infra Scheme

Purpose

* Providing a medium - long term debt finances facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through incentives and financial support in order to improve agriculture infrastructure in the country. 

Eligibility

Farmers, Joint Liability Groups (JLGs), Farmers Producers Organizations (FPOs), Primary Agicultural Credit Societies (PACS), Marketing Cooperative Societies, Multipurpose cooperative Societies. Self Help Groups (SHGs), Agri entrepreneurs, startups and Central /State agency or Local Body sponsored Public Private Partnership Projects. 

Nature of facility

* Term Loan 

Margin

*10% of project cost

Security

* Primary-Hypothecation of assets created out of bank's finance.
* Collateral
- No collateral for limit uptoRs2.00Crore since advance will be covered under CGTMSE.
- For limits above Rs2.00Crore -Total value of collateral security should be at least 125% of the amount financed by Bank

Interest Rate

Upto 2.00 Crore

Above 2.00 crore

6 Months MCLR + 1% Max 9%
As per Rating of Borrower

Interest Subvention

3% per annum upto a limit of Rs.2 Crore for maximum period of 7 years

Upfront Fee

* Upto Rs 3 Lakh/- : Nil

* Above Rs 3 Lakh/- : 50% of 1.25% (i.e. 0.625 %) 

Repayment

* 7 years (including maximum moratorium 2 yrs).