To provide need based financial assistance for undertaking Protected Farming of various high quality commercial horticulture crops viz. Flowers, Vegetables, Fruits, Medicinal Plants, Spices etc.
Construction/erection of Green Houses, Poly Houses, Shade Nets etc., purchase and installation of necessary components and working capital.
Farmers, Groups of farmers, SHGs, JLGs, Corporates including
farmers’ Producer companies of individual farmer, Partnership firms and
Cooperatives of farmers directly engaged in Agricultural and allied activities.
Quantum of Loan
Up to 80% of the project cost, maximum Rs.5.00 crore. For SHGs and JLGs the maximum loan will be Rs.20 lakh and Rs.5.00 lakh respectively.
Up to Rs 1.60 lakh : Nil
Above Rs 1.60 lakh : Minimum 20% of the Project cost.
Rate of Interest
Loan Classified under Direct Agriculture:
|| Rate of interest %
| Upto Rs.3,00,000/-
|| MCLR + 1.35%
| Above Rs. 3.00 lakh to Rs.10 lakh
|| MCLR + 2.50%
| Above Rs.10 lakh to upto Rs.100 lakh
|| MCLR + 3.00%
| Above Rs.100 lakhs
|| As per rating of borrower
EM/Charge on the land of the Project and Hypothecation/charge on assets created out of bank’s finance.
Extension of charge on land/other assets already mortgaged/ charged with the bank for other credit facilities.
Personal guarantee of all the directors/partners. In case of advances of more than Rs.10 lakh to individuals, third party guarantee to be obtained.
Upto 25,000/- -NIL
Rs 25000/- to Rs 500.00Lakh- @ Rs 120/- per lac or part
thereof, Maximum Rs 50,000/-.
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 50 Lakh-Rs
75/- per Lakh or part thereof Max Rs 3000/-
>Rs 50 Lakh to Rs 1
Crores- Rs 100/- per lakh or part thereof Max Rs.7500/-
Above 1 Crore -Rs 100/- per lakh or part thereof Max Rs.15000/-
Up to Rs 2 lakh : Nil
More than Rs 2 lakh up to Rs 5 lakh : Rs 200/-
More than Rs 5 lakh up to Rs 50 lakh : Rs 500/-
More than Rs 50 lakh up to Rs.1 Crore : Rs 2000/-
Above 1 Crore : Rs. 3000/-
Maximum 7 years including moratorium of 3 to 12 months.