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Advances To Food & Agro Based Units Under Agriculture

Advances To Food & Agro Based Units Under Agriculture

Particulars Guidelines under the scheme
Purpose Financing the new projects, working capital and non fund based facilities to the units engaged in activities of Oil Mill/Solvent Extraction, Rice/Dal/Flour Mill, Seed Processing/Agro Processing, Food Processing and Cotton Ginning and Pressing Mills and Cotton Seed Oil Extraction.
Eligibility Advances to New/Exiting units owned by Individual, Proprietorship, Partnership Concerns, Private Limited Companies and Public Limited Companies, having an aggregate sanctioned limit up to Rs.100 crore per borrower from the banking system.
Quantum of Loan Upto Rs.50.00 Crores with our Bank (However, the aggregate sanctioned limit per borrower from the Banking system not to exceed Rs.100.00 Crores)
Nature of facility Term Loan/Demand Loan/Cash Credit/Bank Guarantee/Letter of Credit/BP/BD/FBP/FBD
Rate of Interest Click Here
Margin Stocks & Book debts: 25 %
Plant & Machinery: 25%
Land & Building: 30%
Repayment Period 12 months for working capital
Up to 84 months for term loan (including up to -12- months 
moratorium  period), subject to annual Review
Security As per Bank’s Policy

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