URBAN HORTICULTURE

Establishing Roof/ Kitchen/ Flower Garden

Scheme

Purpose

Establish Roof/ Kitchen/ Flower Garden, Small orchards, and landscaping at home/flats/institutions.

Eligibility

Target Audience

Individuals, Institutions (Corporate Clients, privately owned schools, offices, guest houses, hospitals, hotels, Proprietary or Partnership firms, Trusts and Societies etc)

Salaried persons, Professionals, and businessmen with regular source of income are preferred

Age Criteria

Minimum 18 years

Other Criteria

Independent house having at least 500 sq. ft. of open space for gardening, for raising roof garden, similar area of open unencumbered roof space must be available. Area between 500 to 1000 sq. ft may be considered as 1000 sq. ft.

should have at least 1000 sq. ft of open space for gardening. Parking space and play areas should not be counted as garden spaces.

Income Proof

Salary certificates and income tax assessment orders for assessing income.

Financials

Quantum

Individuals - Minimum: Rs. 33000; Maximum: Rs.2.50 Lakhs

Corporates - Minimum: Rs. 1 Lakh; Maximum: Rs.25.00 Lakhs

Margin

Up to Rs.2.00 Lakhs - Nil

&

Above Rs.2.00 lakhs - 15% on the project cost

Rate of interest

Ranges from 10.15% - 11.30% as per rating

Processing charges

Up to Rs.50,000/- - Nil

Above Rs.50,000/- & up to Rs.2.00 Lakhs - Rs. 150 per lakh

Above Rs.2.00 Lakhs - 0.80% of the loan amount

Tenure

Repayment period

Maximum 3 Years

Holiday period

Nil

Security

Up to Rs.2.00 Lakhs

Hypothecation of assets

Above Rs.2.00 Lakhs

Hypothecation of assets & TPG for other than salaried individuals & 50% value of loan as collateral securities for institutions besides personal guarantee of Partners/Trustees/Promoters (Directors).