Agri Clinic and Agri Business Center

Purpose

To Set up Agri Clinic or Agri Business centres.

Eligibility

Qualified/Trained Individuals and Group of Individuals.

Quantum of Loan

For individual: Maximum of Rs 20.00 Lakhs
*For group project: Maximum of Rs 100.00 lakhs

Margin

Up to Rs. 5 Lakh –Nil,

Above Rs. 5 Lakh to 10 Lakh- 10%,

Above Rs. 10 Lakh to Rs. 20 Lakh – 15%,

Above Rs. 20 Lakh – 20% of the project cost.

Rate of Interest

*As per prevailing rate of interest

Repayment

5 to 7 years

Security

Primary Security:
Hypothecation of assets created out of Bank Finance.

Collateral Security :
Upto Rs 5.00 Lakh   -  NIL

Above Rs 5.00 Lakh - Creation of Mortgage or Charge on Agriculture Land