CentralBank of India-Rural Agri Banking
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Cent Solar-PM KUSUM Scheme


Purpose

 

* To set up Decentralized Ground/ Stilt mounted Grid connected Solar or other Renewable Energy based Power Plants (REPP) of capacity 500KW to 2MW
Eligibility

 

Individual Farmer/ Group of Farmers/ Co-operatives/Panchayat/Farmer producer organization (FPO)/ Water User Associations

 

Nature of facility

 

* Term Loan/Working capital against receivables/NFB-LC/BG 

 

Margin

 

Term Loan/ BG - 25%

OD Book Debts-40

 

Security

 

* Primary Security - Hypothecation of Plant & Machineries installed.
* Collateral
- 150% of limit collateral security required

 

Interest Rate

 

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
Processing Charges

 

* 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/-

 

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/- 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/-
Repayment

 

* 10 years (including moratorium max 12 months).


For further details, please contact our nearest branch.
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