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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 |
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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 |
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Nature of facility |
* Term Loan/Cash Credit/OD Book Debts against receivables Non Fund Based (NFB) Limits- Bank Gaurantee(BG) |
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Margin |
Minimum 20% |
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Security |
* Primary-Hypothecation of assets created out of bank's finance. |
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Interest Rate |
UptoRs 3,00,000/- |
MCLR + 1.35% |
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Processing Charges |
* Upto Rs 3 Lakh/- : Nil * Above Rs 3 Lakh/- : @0.30 % |
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Upfront Fee
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* Upto Rs 3 Lakh/- : Nil * Above Rs 3 Lakh/- : 50% of 1.25% (i.e. 0.625 %) |
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Repayment |
* CC/OD- To be renewed every year. * Term Loan- Max 10 years (including max moratorium of 2 years) |
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