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Purpose
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To provide finance for Creation of Marketing Infrastructure with latest technologies, facilities for grading, standardization and quality certification of agricultural produce and Creation of scientific storage capacity for effectively managing marketable surplus of agriculture and allied sectors. |
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Eligibility |
Individuals, group of farmers/ growers, Registered Farmer Producer Organizations, Proprietary, Partnerships, Companies, Corporations, NGOs, SHGs, Co-operatives, etc. Activities which are in the nature of either storage or other marketing infrastructure up to primary processing only to be covered. |
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Nature of facility |
Term Loan |
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Margin |
Minimum 20% and Maximum 50% of the project cost. |
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Quantum of Loan |
Minimum 50% and Maximum 80% of the project cost, including subsidy. |
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Interest
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*Up to Rs 2.00 Crore : 6 months MCLR + 1% Above Rs 2.00 Crore : As per credit rating of borrower |
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Repayment |
5-7 years, depending upon the cash flow, including a moratorium period of one year. |
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Security |
EM/ Charge on the land of the Project and other assets financed by the bank. |
