|
Purpose |
To finance for establishment and running of Mushroom cultivation and spawn production units. |
|
Eligibility |
*Individuals, SHG, Proprietorship Firms, LLPs, Partnership Firms, Pvt/Public ltd co. |
|
Nature of facility |
Term Loan/Cash Credit |
|
Quantum of Loan |
Min Rs. 5.00 Lakh to Max Rs 1.00 Crore |
|
Margin |
Minimum – 25% |
|
Securit |
Primary Security: Hypothecation of assets created out of Bank Finance *Collateral Security : As per Scheme |
|
Interest Rate |
Above Rs 5.00 Lakhs up to Rs 10.00 Lakh : MCLR (12M) + 1.15% Above Rs 10.00 Lakh up to Rs 100.00 Lakh : MCLR (12M) + 1.25% |
|
Repayment
|
*Term loan – 3 yrs to 7 yrs Cash credit – 1 yr subject to annual review. |
