Pradhan Mantri Mudra Yojana

Mudra Loan for Agriculture activities

Scheme

Purpose

Loan for Purchase of Tractors and power tillers / All Allied activities (Dairy, Poultry, Fishery, Goat rearing, Piggery etc.) / Agri Clinic and Agri Business centre / Food and Agro processing units and Services supporting the above services.

Eligibility

Target Audience

Individuals, Proprietary concern, Partnership Firm, Private Limited Company, Public Limited Company etc.

Age Criteria

Minimum 18 years

Other Criteria

Applicant should have sufficient experience/ knowledge in the line of activity undertaken.

For establishing Agri clinic & Agri business centre, applicant must be a Graduate/diploma in Agriculture.

Financials

Quantum

No Minimum & Maximum - Rs. 20.00 Lakhs

Margin

Up to Rs.2.00 Lakhs - Nil

&

Above Rs.2.00 lakhs - 10% to 25% on the project cost

Rate of interest

Ranges from 10.15% - 11.30% as per rating

Processing charges

Term Loan:

Up to Rs.50,000 /- - Nil

Above Rs.50,000 /- to Rs. 3.00 Lakhs - 0.30%

Above 3.00 Lakhs - 0.71%

Working Capital:

Up to Rs.50,000 /- - Nil

Above Rs.50,000 /- to Rs. 3.00 Lakhs - 0.20%

Above 3.00 Lakhs - 0.40%

Tenure

Repayment period

Maximum 3 Years

Holiday period

Maximum 3 months

Security

Up to Rs.20.00 Lakhs

Hypothecation of assets

Credit Guarantee

Credit Guarantee Fund for Micro units (CGFMU) is available for the loans sanctioned under this scheme.