Agri Clinic and Agri Business Center

Purpose

* To Set up Agri Clinic or Agri Business Centers .

Eligibility

* Qualified/Trained Individuals and Group of Individuals .

Nature of facility

* Composite Loan. ( Term loan for fixed capital cost+ CC for operating cycle

Quantum of Loan

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

Margin

* 0-20% (depending upon quantum of loan.)

Rate of Interest

UptoRs3,00,000/- .
Above Rs3.00 Lakh uptoRs100 lacs
 

MCLR + 1.50%
MCLR + 2.50%

Processing Charges

* UptoRs 3 Lakh/- : Nil .
* Above Rs 3 Lakh/-: @0.30%

Upfront Fee

* UptoRs 3 Lakh/- : Nil .
* Above Rs 3 Lakh/-: 50% of 1.25% (i.e. 0.625%)

Repayment

* 5 to 7 years

Security

* Primary Security :
Hypothecation of assets created out of Bank Finance.
* Collateral Security :
UptoRs5.00 Lakh- NIL

Above Rs5.00 Lakh-Creation of Mortgage or Charge on Agriculture Land