Cent Animal Husbandry Infra Scheme

Purpose

 

* Incentivizing investments by individual entrepreneurs, private companies, MSME, Farmer Producer Organizations and Section 8 companies to establish (i) Dairy processing and value addition infrastructure (ii) Meat processing and value addition infrastructure (iii) Animal feed plan

Eligibility

Individual entrepreneurs, private companies, MSME, Farmer Producer Organizations and Section 8 companies

Nature of facility

* Term Loan 

Margin

 

Micro and small enterprise-10%

Medium enterprise-15%

Others-25%

Security

 

* Primary-Hypothecation of assets created out of bank's finance.
* Collateral

-For advances to MSME- No Collateral
- For advances above MSME ceilings -
150% of limit collateral security required

Interest Rate

 

For the borrowers whose project cost are falling within MSME defined ceilings-RBLR+2%

For Others- As per rating of accounts

Interest Subvention

3% for all eligible entities/borrowers irrespective of the loan amount.

Processing Charges

* UptoRs25,000/- : Nil .
* Above Rs25,000/-: @ Rs120/- per lac or part thereof

Documentation Charges

 

UptoRs2 lakh- NIL

>Rs2 Lakh to Rs25 Lakh- Rs50/-per Lakh or part thereof Max Rs1000/-

>Rs25 Lakh to Rs50Lakh- Rs75/- per Lakh or part thereof Max Rs3000/-

>Rs50 Lakh to Rs1Crores- Rs100/-per Lakh or part thereof Max. Rs7500/-

Repayment

 

* 8years (including moratorium of max 2yrs).