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Purpose
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* To set up Decentralized Ground/ Stilt mounted Grid connected Solar or other Renewable Energy based Power Plants (REPP) of capacity 500KW to 2MW
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Eligibility
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Individual Farmer/ Group of Farmers/ Co-operatives/Panchayat/Farmer producer organization (FPO)/ Water User Associations
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Nature of facility
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* Term Loan/Working capital against receivables/NFB-LC/BG
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Margin
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Term Loan/ BG - 25%
OD Book Debts-40
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Security
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* Primary Security - Hypothecation of Plant & Machineries installed.
* Collateral
- 150% of limit collateral security required
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| 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 uptos.100 lakhs
Above Rs 100.00 Lakhs |
MCLR + 1.35%
MCLR + 2.50%
MCLR + 3.00%
As per risk rating of borrower |
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Processing Charges
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* Upto Rs 25,000/- : Nil .
* Above Rs 25,000/- to Rs 500 Lakh: @ 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
>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/-
Above RS.1 Crore – Rs 100/- per Lakh or Part thereof |
| Inspection Charges |
Up to Rs 2 lakh : Nil
> Rs 2 lakh up to Rs 5 lakh : Rs 200/-
> Rs 5 lakh up to Rs 50 lakh : Rs 500/-
> Rs 50 lakh to Rs 1 Crore: Rs 2000/-
> Rs 1 Crore to Rs 10 Crore Rs 3,000/- |
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Repayment
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* 10 years (including moratorium max 12 months).
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