||Guidelines under the scheme
||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.
||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
||Stocks & Book debts: 25 %
Plant & Machinery: 25%
Land & Building: 30%
||12 months for working capital
Up to 84 months for term loan (including up to -12- months
moratorium period), subject to annual Review
||As per Bank’s Policy