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Purpose
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The scheme is aimed to finance Term Loan and Working Capital requirements of Cold Storage / Warehouse |
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Eligibility |
Profit making existing units, New units |
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Nature of facility |
Term Loan/Over Draft against Book Debts |
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Margin
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OD Limit for on advance payment to farmers : 25% OD Limit against rent receivable (Max 12 months) : 40% Term Loan : 25% |
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Quantum of Loan |
Min Rs 10.00 Lakh Max Rs 50.00 Cr |
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Interest
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*Up to Rs 100 Lakh :
Above Rs 100.00 Lakh : As per risk rating |
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Repayment
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Working Capital : Max 12 months- Annual Renewal *Term Loan : Door to Door tenure Max 10 years |
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Security |
Assignment of receivables/Book Debts i.e. advance to farmers/rent receivables, Hypothecation of Plant & Machinery financed by the Bank, Equitable Mortgage on Cold Storage. |
