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