ब्रेडक्रम्ब

iob_bank_iob_krishi_saral_plus

अंतिम अद्यतन तिथि :07/02/2026
आईओबी मत्स्य समृद्धि

IOB KRISHI SARAL PLUS – (Exclusive scheme for Food & Agro units)

   

Objective

Security backed scheme for Individuals/firms/companies engaged in Food and Agro processing units to extend hassle free flow of credit.

Nature and
Purpose of
Advance

Working Capital - Financing for stocks/receivables /other operational expenditures.

Term Loan - Purchase of fixed assets/ setting up Food and Agro processing units.

Quantum of Loan

Minimum- Above Rs. 2.00 Lakh 

Maximum- Rs.20.00 Crores

Eligibility

Project should generate sufficient income such that loan can be repaid from the financed activity, without relying on other income.

The projects/activities considered under the scheme should have all requisite permissions/licenses/approvals from competent authorities.

Security

Prime Security:

Working Capital & Term Loan:

Credit facility should be fully secured by liquid assets such as Life Policies of LIC of India and private companies approved by IRDA, NSC/KVP etc. and /or immovable property.

Collateral Security:

Hypothecation/mortgage of assets created out of the Loan/ Hypothecation of fully paid stock and book debts

Margin

Liquid Securities

Life Policies

10% (Surrender Value)

KVP/NSC

10% (Face Value)

Term Deposit

10% (Present Value)

Immovable Properties

Properties situated at Metro/ Urban/Semi Urban Areas

25%(FMV)

Properties situated at rural areas ##

30% (FMV)

##Residential/commercial properties situated in prominent location classified as rural but adjoining to Metro/urban/semi urban centers and found to be highly marketable can be considered by RLCC and above on case-to-case basis subject to provisions of SARFAESI Act are enforceable.  

 

Repayment

10 years including moratorium period

Holiday Period

Maximum 36 months

Rate of Interest

 

Total Spread

Total Interest

Up to Rs. 1.00 Crore:

1 Y MCLR

0.30%

9.15%

Above Rs. 1.00 Crore:

Rating - IOB 1 & IOB 2

1 Y MCLR

0.30%

9.15%

Rating-IOB 3

0.40%

9.25%

Rating-IOB 4

0.50%

9.35%

Rating-IOB 5

0.70%

9.55%

Rating-IOB 6 and above

1.00%

9.85%

*1Y MCLR (8.85% at present)

 

Interest Concession

If the value of prime security (Fair market value of Immovable property plus value of liquid securities) is more than 200% of the exposure sanctioned under IOB KRISHI SARAL PLUS scheme, a concession of 1.00% can be extended on applicable interest rates.

Processing Charges

Processing charges @ 200 per lakhs or part thereof (maximum Rs. 1.00 Lakhs) + GST to be collected for cash credit and NFB limits,

Upfront fees @ 0.71% of term loan amount (maximum Rs. 3.55 Lakhs) + GST to be collected.