Cent FPO Scheme

Purpose

 

Collectivization of Farmer Producer Organization (FPOs) has emerged as a potential tool to transform Indian agriculture into a sustainable business by taking advantage of the scale by aggregation of input, demand, produce aggregation and collective marketing, and value addition, thus realizing the optimal returns for their produce.

 

Eligibility

Farmer Producer Organizations (FPOs)/Farmer producer Companies (FPCs)

 

Nature of facility

* Term Loan/Cash Credit/OD Book Debts against receivables

Non Fund Based (NFB) Limits- Bank Gaurantee(BG) 

 

Quantum of Loan

Farm Credit- Corporate Farmers- (FPOs/FPCs) up to Rs 5.00 Crores

 

Margin

Term Loan/CC/BGs- 25%

OD Book Debts-  40%

 

Security

* Primary Security - Hypothecation of  Stock/Book Debts/plants &machineries. EM on land and Building

* Collateral –UptoRs 2 Crore-NIL

above Rs.2 Crore- 150%  of limit

 

Interest Rate

UptoRs 3,00,000/-
Above Rs 3.00 lakh to Rs 10.00 lacs
Above Rs 10 lakhs upto Rs.100 lakhs
Above Rs 100.00 Lakhs

MCLR + 1.35%
MCLR + 2.50%
MCLR + 3.00%
As per rating of borrower

 

Processing Charges

* UptoRs 25,000/- : Nil .
* Above Rs 25,000/-upto Rs.500 Lac:Rs 120/-per lac or part thereof subject to Max Rs50,000/-

 

Documentation Charges

 

UptoRs 2 lakh- NIL

>Rs2 Lakh to 25 Lakh- Rs50/- per Lakh or part thereof Max Rs 1000/-

>Rs25 Lakh to 50Lakh- Rs 75/-per Lakh or part thereof Max Rs 3000/-

>Rs50 Lakh to 1Crores- Rs 100/- per Lakh or part thereof Max. Rs 7500/-

>Rs1 Crore to 100 Crore- Rs.100/- per Lakh or part thereof Max Rs.15000/-

 

Repayment

* CC/OD- To be renewed every year.

*Term Loan- Max 8years(including max moratorium of 18 months)