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Purpose
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* To finance for construction of godowns for storing farm produce .
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Eligibility
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* Individuals, Farmers, groups of farmers/growers, SHGs, JLGs, Corporates, Partnership firms and co-operatives, Marketing Boards etc .
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Nature of facility
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* Term Loan.
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Quantum of Finance
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* Based on the capacity of the godown, less margin.
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Margin
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* 20-35% depending upon the constitution of the borrower and location of the project.
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Security
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* Primary - Mortgage/Charge on the godown.
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Interest Rate
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Upto Rs.1.00 crore
Above Rs.1.00 crore.
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MCLR %
From MCLR + 0.50% to
MCLR + 3.00% as per Credit Rating
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Processing Charges
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* @ Rs.120/- per lac or part thereof, Maximum Rs.20,000/- .
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Documentation Charges
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* NIL .
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Repayment
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* Depending upon the cash flow .
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