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Purpose
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Collectivization of Farmer Producer Organization (FPOs) has emerged as a potential tool to transform Indian agriculture into a sustainable business by taking advantage of the scale by aggregation of input, demand, produce aggregation and collective marketing, and value addition, thus realizing the optimal returns for their produce. |
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Eligibility
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Farmer Producer Organizations (FPOs)/Farmer producer Companies (FPCs)
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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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| Quantum of Loan |
Farm Credit- Corporate Farmers- (FPOs/FPCs) up to Rs 5.00 Crores |
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Margin
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Term Loan/CC/BGs- 25%
OD Book Debts- 40%
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Security
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* Primary Security - Hypothecation of Stock/Book Debts/plants & machineries. EM on land and Building
* Collateral – Upto Rs 2 Crore-NIL
above Rs.2 Crore- 150% of limit |
| Interest Rate
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Upto Rs 3,00,000/-
Above Rs 3.00 lakh to Rs 10.00 lacs
Above Rs 10 lakhs upto 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/- upto Rs.500 Lac:Rs 120/-per lac or part thereof subject to Max Rs50,000/-
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Documentation Charges
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Upto Rs 2 lakh- NIL
>Rs 2 Lakh to 25 Lakh- Rs 50/- per Lakh or part thereof Max Rs 1000/-
>Rs 25 Lakh to 50Lakh- Rs 75/-per Lakh or part thereof Max Rs 3000/-
>Rs 50 Lakh to 1Crores- Rs 100/- per Lakh or part thereof Max. Rs 7500/-
>Rs 1 Crore to 100 Crore- 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 8 years (including max moratorium of 18 months) |