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Purpose
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* Providing a medium - long term debt finances facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through incentives and financial support in order to improve agriculture infrastructure in the country.
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Eligibility
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Farmers, Joint Liability Groups (JLGs), Farmers Producers Organizations (FPOs), Primary Agicultural Credit Societies (PACS), Marketing Cooperative Societies, Multipurpose cooperative Societies. Self Help Groups (SHGs), Agri entrepreneurs, startups and Central /State agency or Local Body sponsored Public Private Partnership Projects.
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Nature of facility
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* Term Loan
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Margin
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*10% of project cost
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Security
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* Primary-
Hypothecation of assets created out of bank's finance.
* Collateral
- No collateral for limit upto Rs 2.00 Crore since advance will be covered under CGTMSE.
- For limits above Rs 2.00 Crore -Total value of collateral security should be at least 125% of the amount financed by Bank
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| Rate of Interest
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Upto 2.00 Crore
Above 2.00 crore
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6 Months MCLR + 1% Max 9%
As per Rating of Borrower
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Interest Subvention
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3% per annum upto a limit of Rs.2 Crore for maximum period of 7 years |
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Processing Charges
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Up to Rs 2.00 crores : No processing Charges
Above Rs 2 Crore up to Rs 5 Crore: @ Rs 120/-per Lakh or part thereof Max Rs 50,000/-
Above Rs 5 Crore up to Rs 25 Crore: @ Rs 150/-per Lakh or part thereof Max Rs 3,00,000/-
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Documentation Charges
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Upto Rs 2 lakh- NIL
>Rs 2 Lakh to Rs 25 Lakh- Rs 50/- per Lakh Max Rs 1000/-
>Rs 25 Lakh to Rs 50 Lakh- Rs 75/- per Lakh Max Rs 3000/-
>Rs 50 Lakh to Rs 1 Crores- Rs 100/- per Lakh Max. Rs 7500/-
Above 1 Crore to Rs 100Crore-Rs 100/-per Lakh or part thereof Max Rs 15000/-
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| Inspection Charges |
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 to Rs 1 Crore: Rs 2000/-
More than Rs 1 Crore to Rs 10 Crore Rs 3,000/-
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Repayment
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* 7 years (including maximum moratorium 2 yrs).
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