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Cent Vermicompost Scheme



* To meet the investment credit / working capital requirement of farmer/s and /or corporates for setting up and running Vermicompost Units.




* All Farmers, SHGs, JLGs of farmer's including tenant farmers, share croppers, Proprietorship/Partnership Firms/Pvt./ Public Ltd. company/ies. etc., Non-Government Organizations (NGOs), Cooperatives, Municipal Corporations, Federations, Agricultural Produce Marketing Committees, Marketing Boards and Agro Processing Corporations.  

Nature of facility


* Term Loan and /or CC as per the purpose.




* Based on assessment, maximum uptoRs2.00 crore.




*Upto 1,60,000/--NIL

*More than Rs1.60 Lakh up to Rs5,00,000/- : 10%
*More than Rs5,00,000/- : 20%




* Primary-Hypothecation of assets created out of bank's finance.
* Collateral
No collateral for limit uptoRs1.60 lac.
- For limits above Rs1.60 lac, charge on property.


Interest Rate


Limit upto Rs3,00,000/-
Above Rs3.00 lacs upto Rs10.00 lacs
Above Rs10.00 lacs upto Rs100.00 lacs
Above Rs100.00 lacs


MCLR + 1.35%
MCLR + 2.50%
MCLR + 3.00%
As per Rating of Borrower


Processing Charges


* UptoRs 3 Lakh/-:NIL

*Above Rs 3 Lakh/- :@0.30%

Documentation Charges


* UptoRs 3 Lakh/-:NIL

*Above Rs 3 Lakh/- :50% of 1.25%(i.e.0.625%)



* 5-8 years