Advances to Food Agro Based Units Under Agriculture

New, existing Food and Agro based processing units can avail this facility
Individual, Proprietorship, Partnership concerns, Private, Public Limited companies and Limited Liability Partnership Concerns.
50% concession towards unified Processing upfront and Documentation Charges
Collection Charges on collection of cheques: 100% waiver of the Collection charges on collection of cheques issued in favour of the Borrower by Food Corporation of India, Cotton Corporation of India.
Up to Rs. 100 crores with our bank(however, the aggregate sanctioned limit per borrower from the Banking system not to exceed Rs. 100 crores)
Margin:
1. Stocks & Book Debts: 25 %
2. Plant & Machinery: 25%
3. Land & Building: 30%
ROI: Depending on Hard Security Coverage and Internal Credit Rating

Scheme For Financing Units Engaged In Processing

Oil Mill/Solvent Extraction
Rice/Dal/Flour Mill
Seed Processing/Agro Processing
Food Processing
Cotton Ginning And Pressing Mills and cotton Seed Oil Extraction (Comprehensive Units)
Other activities permissible by the ministry of Food Processing Industries and as per RBI circular/ Guidelines.

All Advances to new/existing (including take over from other banks) Food and Agro based processing units under "Agriculture".
Individual, Proprietorship, Partnership concerns, private Limited Companies, Public Limited companies and Limited Liability Partnership Concerns.
Other constitution of borrower permissible by the ministry of Food Processing Industries and as per RBI circular/ Guidelines.

50% concession towards unified Processing upfront and Documentation Charges
Collection Charges on collection of cheques: 100% waiver of the Collection charges on collection of cheques issued in favour of the Borrower by Food Corporation of India, Cotton Corporation of India.

*However actual out of pocket charges to be recovered.

Nature of facility	Term Loan/Demand Loan/Cash Credit/Cash Credit against Warehouse Receipt/ Bank Guarantee/ Letter of Credit/BP/BD/SBLC, Export Credit like pre-shipment and post-shipment etc.
Limit	All the benefits/concessions/relaxations under the scheme are applicable upto sanctioned limit of Rs. 100.00 Crores. (However, the aggregate sanctioned limit per borrower from the Banking system not to exceed Rs.100.00 Crores)
Period	For Working Capital: -12- months subject to annual review. Others: Upto -144- months for Term Loans (including upto 24 months moratorium period), subject to annual review.
Rate of Interest	Depending on Hard Security Coverage and Internal Credit Rating