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Purpose
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* 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 |
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Eligibility |
Individual entrepreneurs, private companies, MSME, Farmer Producer Organizations and Section 8 companies |
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Nature of facility |
* Term Loan |
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Margin
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Micro and small enterprise-10% Medium enterprise-15% Others-25% |
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Security
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* Primary-Hypothecation of assets created out of bank's finance. -For advances to MSME- No Collateral |
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Interest Rate
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For the borrowers whose project cost are falling within MSME defined ceilings-RBLR+2% For Others- As per rating of accounts |
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Interest Subvention |
3% for all eligible entities/borrowers irrespective of the loan amount. |
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Upfront Fee |
* Upto Rs 3 Lakh/- : Nil * Above Rs 3 Lakh/- : 50% of 1.25% (i.e. 0.625 %) |
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Repayment
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* 8 years (including moratorium of max 2yrs).
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