Comprehensive scheme Agriculture units

Scheme

Purpose

Scheme to finance industries/units engaged in similar business activity under a particular geographical area

Eligibility

Target Audience

Proprietary concern, FPO/FPCs, Partnership Firm, Private limited company, Public limited company, LLP, OPC etc.,

Age Criteria

Minimum 18 years

Available clusters

#Available for selected Regions as identified

Financials

Quantum

No Minimum & No Maximum

Margin

Up to Rs.2.00 Lakhs - Nil

&

Above Rs.2.00 lakhs - Minimum 20% on the project cost

Rate of interest

Ranges from 8.45% - 9.45% as per rating

Interest Concession

Interest concession will be considered on case-to-case basis on merits which depends upon the discretionary power of sanctioning authority

Processing charges

Up to Rs.50,000/- - Nil

Above Rs.50,000/- -

0.20% + applicable GST

Tenure

Repayment period

Maximum 10 years including moratorium period

Holiday period

Maximum 36 months

Security

Up to Rs.2.00 Lakhs

Hypothecation of assets created

Above Rs.2.00 Lakhs

Hypothecation of assets & Suitable Collateral with 100% coverage for the loan amount.

Coverage under CGTMSE for eligible activities is considered and in such case no collateral will be insisted/ Hybrid Security model is also permitted.