Cent FIDF Scheme

Purpose

-Creation and modernization of capture & culture fisheries infrastructure

-Creation of Marine Aquaculture infrastructure

-Creation and modernization of  Inland Fisheries Infrastructure

-Reduce Post-harvest lossesand improve domestic marketing facilities through infrastructure support

-To bridge the resource gap and facilitate completion of ongoing infrastructure project

 

Eligible Entities

-State Governments/Union Territories

-State owned corporations/ State Govt Undertakings

-Fisheries Co-operstive Federations

-Cooperatives, collective groups of fish farmers & fish produce groups

-Panchayat Raj Institutions/SHGs/NGOs

-SCs/STs/Marginal Farmers, women enterprenuers, SHGs & Cooperatives

-Private Companies/Entrepreneurs

-Physically Disabled

-Any other institution or entity decided by the Govt

 

Nature of facility

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

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

 

Margin

Minimum 20%

 

Security

* Primary-Hypothecation of assets created out of bank's finance.
* Collateral
- No collateral for limit uptoRs  2.00Crore since advance will be covered under CGTMSE.
- For advances above Rs  2.00 Crore -
at least 150% of the amount financed by Bank

 

Interest Rate

UptoRs 3,00,000/-
Above Rs 3.00 lakh up to Rs 10 lakh
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/-: @ Rs 120/- per lac or part thereof subject to Max Rs 50,000/-

 

Documentation Charges

 

UptoRs 2 lakh- NIL

>Rs2 Lakh to Rs25 Lakh- Rs 50/- per Lakh or part thereof Max Rs 1000/-

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

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

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

 

Repayment

* CC/OD- To be renewed every year.

* Term Loan- Max 10 years (including max moratorium of 2 years)