Maha Krishi Samrudhi Yojana (MKSY)

 Maha Krishi Samrudhi Yojana (MKSY)

Target Group

Food and Agro Based industries & Agri Infrastructure Projects Including Startups

Eligibility

Individual, Proprietorship, Partnership Concern, FPCs, Private Limited Companies, Public Limited Companies and Limited Liability Partnership concern.

All Advances to new/existing (including take over from other Banks/FIs) food and Agro-processing units under “Agriculture”

Purpose

Financing new project/expansion of existing unit i.e. acquisition/construction of Land and Building and Plant and machinery based on the project cost including takeover of existing unit.

To finance the borrower units with cluster approach on PAN India basis

Type of Facilities

Term loan, Working Capital / Export Credit like Pre-Shipment and Post Shipment / Bill purchase / Bill discounting etc, LCs, BGs

.Quantum

Minimum- Rs. 10.00 Lakh & above

Maximum- upto Rs. 100.00 Crore

Margin

Term Loan: Minimum 25%

Working Capital: -Stocks & Book Debt – Minimum 25%.

Credit Rating

Internal Credit Rating is applicable for all accounts with aggregates exposure (Fund + Non-Fund) of above Rs. 25.00 Lakh and upto Rs. 25.00 Crores.

External Rating is applicable for all accounts with aggregates exposure (Fund and Non-Fund Based) of above Rs. 25.00 Crore. (Minimum Credit Risk rating shall be “BBB”)

ROI

As per Risk Based Pricing

Minimum - 7.35% p.a.

Maximum -8.30% p.a.

Concession for CMR borrowers in ROI

Additional concession @ 0.50 % shall be allowed for borrowers having CMR 1 & 2

Additional concession @ 0.25 % shall be allowed for borrowers having CMR 3 & 4

With above all concessions in ROI, effective ROI should be at par with MCLR / RLLR

Repayment

Term Loan: Maximum period upto 7 Years (Including Moratorium Period).

Working Capital: Repayable on demand

.Review/ Renewal

Working Capital: Review / Renewal at every year

Term Loan: Yearly Review of Term Loan of Rs.25.00 Lakh and above

Processing Fee

NIL Processing Feefor borrowers / units with CIBIL MSME rank CMR-1 to CMR- 2

50% Concession in applicable Processing Fee for borrowers / units with CMR 3 and CMR-4

25 % Concession in applicable Processing Fee for borrowers / units with CMR 5 and CMR-6 and Unrated.