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Warehouse/Storage receipts to food and agro unit enjoying credit facility with our Bank

Particulars Guidelines under the scheme
Purpose
  • to full fill the working capital requirements to food & Agro-processing units.

Eligibility

  • Individual, Proprietorship, Partnership concerns, Private Limited Companies, Public Limited Companies and Limited liability Partnership concerns having working capital limits with our Bank at present under Food & Agro Processing activity and are defined under Agriculture as per RBI agriculture sector classification
Quantum of Loan Cash Credit pledge limit of maximum Rs 10.00 crores
Nature of facility Cash Credit (Pledge).
Rate of Interest As per RBI/Bank’s guidelines revised from time to time.
Margin
  • Minimum of 30% for all agriculture commodities proposed to be kept as security or as prescribed by Collateral Manager, whichever is higher.
Repayment Period
  • maximum upto -12 months
Subsidy -
Security
  • Warehouse/Storage receipts issued by CM and their associates/franchise duly certified by CM

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