Agri Clinic and Agri Business Center

Purpose

* To Set up Agri Clinic or Agri Business Centers .

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

Upto 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 :
UptoRs5.00 Lakh- NIL

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