CentralBank of India-Rural Agri Banking
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Agri Clinic and Agri Business Center

Purpose * To Set up Agri Clinic or Agri Business Centers .
Eligibility * Qualified/Trained Individuals and Group of Individuals .
Nature of facility * Composite Loan .
Quantum of Loan * For individual: Maximum of Rs. 20.00 Lakhs
For group project: Maximum of Rs. 100.00 lakhs
Margin * 0-20% (depending upon quantum of loan.)
Rate of Interest Upto Rs.50,000/- .
Above Rs.50,000/- upto Rs.2.00 lacs .
Above Rs.2.00 lacs .
MCLR + 0.50%
MCLR + 1.00%

MCLR + 2.00%

 

Processing Charges * Rs.120/- per lakh (0.12%) or part thereof subject to maximum Rs.20000/- .
Documentation Charges * NIL .
Repayment * 5 to 7 years
Security * 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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