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Cent Animal Husbandry Infra Scheme


Purpose

 

* Incentivizing investments by individual entrepreneurs, private companies, MSME, Farmer Producer Organizations and Section 8 companies to establish
(i) Dairy processing and value addition infrastructure
(ii) Meat processing and value addition infrastructure
(iii) Animal feed plan

 

Eligibility

 

Individual entrepreneurs, private companies, MSME, Farmer Producer Organizations and Section 8 companies

 

Nature of facility

 

* Term Loan

 

Margin

 

Micro and small enterprise-10%
Medium enterprise-15%
Others-25%

 

Security

 

* Primary-Hypothecation of assets created out of bank's finance.
* Collateral

-For advances to MSME- No Collateral
- For advances above MSME ceilings -150% of limit collateral security required

 

Interest Rate

 

For the borrowers whose project cost are falling within MSME defined ceilings-RBLR+2%

For Others- As per rating of accounts

 

Interest Subvention

 

3% for all eligible entities/borrowers irrespective of the loan amount.

Processing Charges

 

* Upto Rs 25,000/- : Nil .
* Above Rs 25,000/-: @ Rs 120/- per lac or part thereof

 

Documentation Charges

 

Upto Rs 2 lakh- NIL
>Rs 2 Lakh to Rs 25 Lakh- 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 1Crores- Rs 100/-per Lakh or part thereof Max. Rs 7500/-

Repayment

 

* 8 years (including moratorium of max 2yrs).

 


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