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Purpose
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-Creation and modernization of capture & culture fisheries infrastructure
-Creation of Marine Aquaculture infrastructure
-Creation and modernization of Inland Fisheries Infrastructure
-Reduce Post-harvest losses and improve domestic marketing facilities through infrastructure support
-To bridge the resource gap and facilitate completion of ongoing infrastructure project |
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Eligibility
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-State Governments/Union Territories
-State owned corporations/ State Govt Undertakings
-Fisheries Co-operstive Federations
-Cooperatives, collective groups of fish farmers & fish produce groups
-Panchayat Raj Institutions/SHGs/NGOs
-SCs/STs/Marginal Farmers, women enterprenuers, SHGs & Cooperatives
-Private Companies/Entrepreneurs
-Physically Disabled
-Any other institution or entity decided by the Govt
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Nature of facility
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* Term Loan/Cash Credit/OD Book Debts against receivables
Non Fund Based (NFB) Limits- Bank Gaurantee(BG)
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Margin
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Minimum 20%
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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 advances above Rs 2.00 Crore - at least 150% of the amount financed by Bank |
| Interest Rate
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Upto Rs 3,00,000/-
Above Rs 3.00 lakh up to Rs 10 lakh
Above Rs 10 lakhs up to Rs.100 lakhs
Above Rs 100.00 Lakhs |
MCLR + 1.35%
MCLR + 2.50%
MCLR + 3.00%
As per rating of borrower |
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Processing Charges
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* Upto Rs 25,000/- : Nil .
* Above Rs 25,000/-: @ Rs 120/- per lac or part thereof subject to Max Rs 50,000/-
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Documentation Charges
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Upto Rs 2 lakh- NIL
>Rs2 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/-
>Rs 1 Crore to Rs 100Crore- Rs.100/-per Lakh or part thereof Max Rs.15000/- |
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Repayment
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* CC/OD- To be renewed every year.
* Term Loan- Max 10 years (including max moratorium of 2 years) |