Scheme for Financing under Agriculture Infrastructure Fund

Purpose

A financing facility for investment in viable projects for post-harvest management infrastructure. Scheme includes community farming assets through incentives and financial support in order to improve agriculture infrastructure.

Eligibility

The following individuals/groups qualify for this financing:

• Primary Agricultural Credit Societies (PACS)
• Marketing Cooperative Societies
• Joint Liability Groups (JLGs)
• Farmer Producer Organizations (FPOs)
• Self Help Groups (SHGs)
• Multipurpose Cooperative Societies
• Agri-entrepreneurs
• Startups
• Aggregation Infrastructure providers
• Central/State agency or local body sponsored Public-Private Partnership Projects

Quantum of Loan

Need based funding looking at the requirement of the project/borrower.

Nature of Facility

Term Loan

Margin

Minimum 10% of the project cost.

Repayment Period

Term loan to be repayable in 3 to 15 years (including the moratorium period of minimum of 6 months and maximum of 2 years period).

Security

• For Loan up to Rs. 2 crore, Credit Guarantee coverage under CGTMSE will be available for eligible borrowers.
• Hypothecation of movable structures/equipment/machinery purchased or created out of Banks finance.
• Mortgage of fixed assets land & buildings.
• Personal guarantee of Proprietors/Partners/Promoters/ Directors etc.
• Any other security acceptable to the Bank.