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Purpose
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* To Set up Agri Clinic or Agri Business Centers .
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Eligibility
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* Qualified/Trained Individuals and Group of Individuals .
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Nature of facility
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* Composite Loan .
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Quantum of Loan
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* For individual: Maximum of Rs. 20.00 Lakhs
For group project: Maximum of Rs. 100.00 lakhs
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Margin
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* 0-20% (depending upon quantum of loan.)
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Rate of Interest
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Upto Rs.50,000/- .
Above Rs.50,000/- upto Rs.2.00 lacs .
Above Rs.2.00 lacs .
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MCLR + 0.50%
MCLR + 1.00%
MCLR + 2.00%
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Processing Charges
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* Rs.120/- per lakh (0.12%) or part thereof subject to maximum Rs.20000/- .
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Documentation Charges
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* NIL .
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Repayment
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* 5 to 7 years
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Security
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* Primary Security :
Hypothecation of assets created out of Bank Finance.
* Collateral Security : (Only for loan above Rs.5 Lacs)
Creation of Mortgage or Charge on Agriculture Land
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