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Financing Installation of Gobar Gas/Bio-gas Plants

  • Benefits
  • Features
  • Eligibility Criteria
  • Document Required
  • Fees And Charges
  • Most Important Terms & Conditions (MITC)

Financing Installation of Gobar Gas/Bio-gas Plants : Benefits

  • Nil Margin for aggregate loan up to Rs. 1 lakh
  • Low margin of 15% for loans above Rs 1.00 lakh
  • Nil Processing charges for aggregate loan upto Rs 3.00 Lakhs
  • Nil Inspection charges for aggregate loan upto Rs 3.00 Lakh

Financing Installation of Gobar Gas/Bio-gas Plants : Features

All persons who are not indebted to any other commercial bank and are staying within the manageable distance from the branch and whose repaying capacity are satisfactory will be considered for these loans.

Loans are provided for establishment of Bio gas plants which can be fed with any locally available biomass.

Financing Installation of Gobar Gas/Bio-gas Plants : Eligibility Criteria

Farmers having sufficient source of income for servicing the loan interest and installment.

Financing Installation of Gobar Gas/Bio-gas Plants : Document Required

  • KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
  • Passport Size photo
  • Quotation/Invoice (if available)
  • Land Records
  • Project Report (if available)
  • IT Returns (if available)

Financing Installation of Gobar Gas/Bio-gas Plants : Fees And Charges

Processing charges:

  • Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil
  • Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs.

Inspection Charges:

  • Agriculture exposure upto Rs. 3.00 Lakhs- Nil
  • Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
  • Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
  • Above Rs 1 Crore - Rs 5000

Financing Installation of Gobar Gas/Bio-gas Plants : Most Important Terms & Conditions (MITC)

Nature of Facility Term Loan
Margin Minimum 15% of the project cost
Repayment Period Shall not exceed 7 years in respect of loans for plants of size 2 Cubic Meters to 4 Cubic Meters and shall not exceed 5 years in respect of loans for plants of size 6 Cubic Meter and above
Security
Up to the cost of economic unit (wherever applicable) or Rs. 1 Lakhs whichever is lower - D.P. Note
- Hypo. of Assets
For loans above Rs.1 Lakh - D.P. Note
- Hypo. of assets.
- Mortgage of land or 3rd party Guarantee.
Rate of Interest
Limit upto Rs.3 Lakhs One year MCLR+ SP
Limit above Rs.3 Lakhs and less than Rs.25 Lakhs One year MCLR+ SP+1.25%
Limit Rs.25 Lakhs and above
3 years & above and upto 5 One year MCLR+ SP+2.10%
Above 5 years and upto 7 years One year MCLR+ SP+2.15%

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