CentralBank of India-Rural Agri Banking
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Cent PMFME Scheme


Purpose

 

-To build Capability of Micro Enterprise to enable;
i) Increased access to credit by existing micro food processing entrepreneurs, FPOs, SHGs, and Cooperatives
ii) Integration with organized supply chain by strengthening branding & marketing
iii) Support for transition of existing enterprises in to formal framework.
iv) Increased access to common services like common processing facility, laboratories, storage, packaging, marketing and incubation services
v) Strengthening of Institutions, Research and Training in the Food Processing Sector.

vi) Increased access for the enterprises, to professional and technical support.
Eligibility

 

-Individual Micro Enterprises, Farmer Producer Organization (FPOs) /Producers Cooperatives and SHGs

 

Nature of facility

 

* Term Loan/Cash Credit/OD Book Debts against receivables
Non Fund Based (NFB) Limits- Bank Guarantee(BG) 

 

Margin

 

Minimum 10%

 

Security

 

* 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 150% of the amount financed by Bank

Interest Rate

 

RBLR+2%

Processing Charges

 

* Upto Rs 25,000/- : Nil .
* Above Rs 25,000/-: @ Rs 120/- per lac or part thereof subject to Max Rs 50,000/-

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 Rs1Crores- Rs 100/- per Lakh or part thereof Max. Rs 7500/-
>Rs 1Crore to Rs 100 Crore-Rs100/-per Lakh or part thereof Max Rs.15000/-

Repayment

 

* CC/OD- To be renewed every year.
* Term Loan- Max 6 years (including max moratorium of 6 months)


For further details, please contact our nearest branch.
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