|
Purpose
|
* To Set up Agri Clinic or Agri Business Centers .
|
|
Eligibility
|
* Qualified/Trained Individuals and Group of Individuals .
|
|
Nature of facility
|
* Composite Loan .
|
|
Quantum of Loan
|
* For individual: Maximum of Rs. 20.00 Lakhs
For group project: Maximum of Rs. 100.00 lakhs
|
|
Margin
|
* 0-20% (depending upon quantum of loan.)
|
|
Rate of Interest
|
Upto Rs
3,00,000/- .
Above Rs 3.00 Lakh upto Rs 100 lacs
|
MCLR +
1.50%
MCLR + 2.50%
|
|
Processing Charges
|
* Upto
Rs 25,000/- : Nil .
* Above Rs 25,000/-: @ Rs 120/- per lac or part thereof
|
|
Documentation Charges
|
* Upto Rs 2.00Lakh-
NIL
>Rs 2 Lakh to Rs 25.00Lakh-
Rs 50/- per Lakh or part thereof Max Rs 1000/-
>Rs 25 Lakh to Rs 50Lakh- Rs 75/- per Lakh or part thereof Max Rs
3000/-
>Rs 50 Lakh to Rs 1 Crore-
Rs 100/- per lakh or part thereof Max Rs 7500/-
|
|
Repayment
|
* 5 to 7 years
|
|
Security
|
* Primary Security :
Hypothecation of assets created out of Bank Finance.
* Collateral Security :
Upto Rs 5.00 Lakh- NIL
Above Rs 5.00 Lakh-Creation of Mortgage or Charge
on Agriculture Land
|