|
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 Agricultural Credit Societies (PACS), Marketing Cooperative Societies, Multipurpose cooperative Societies. Self Help Groups (SHGs), Agri entrepreneurs, start-ups and Central /State agency or Local Body sponsored Public Private Partnership Projects. |
|
Nature of facility |
Term Loan |
|
Quantum of Loan |
There is no cap on upper limit |
|
Margin |
10% of project cost |
|
Interest Rate |
Up to 2.00 crore: 6 Months MCLR + 1% Above 2.00 crore : As per credit rating of borrower |
|
Interest Subvention |
3% per annum up to a limit of Rs.2 crore for maximum period of 7 years |
|
Repayment |
* 7 years (including maximum moratorium 2 years). |
|
Security |
* Up to Rs 2.00 crore : No collateral security required Above Rs 2.00 crore : As per bank’s policy |
