State Bank Of India : All Farmer Schemes
Kisan Credit Card (KCC)
Objectives:
To provide timely and adequate credit to farmers to meet their production credit needs (Cultivation expenses) besides meeting contingency expenses and expenses related to ancillary activities through simplified procedure facilitating the borrowers for availing loans as and when they need.
Features:
Type of Facility: Revolving cash credit account. Credit balance in the account, if any, will fetch interest at Savings bank rate.
Quantum of Loan: Need Based finance considering cropping pattern, acreage and Scale of Finance (SOF) determined by DLTC (District Level Technical Committee).
Margin: Nil
Moratorium: NA
Repayment: The repayment period as per the crop period (Short/ Long) and marketing period for the crop.
Security:
Primary: Hypothecation of Crops grown / assets to be created out of Bank finance.
Collateral: Equitable mortgage / registered mortgage of land / immovable property as applicable of the value of 100 % loan. However, collateral is waived for KCC limit up to Rs. 1.60 lakh and up to Rs.3.00 lakhs, in case of tie up arrangement.
Interest Subvention: 3% p.a. interest subvention as Prompt Repayment Incentive (PRI) up to Rs. 3.00 lakhs.
Other:
Tenure: 5 years, with 10% annual increase of limit every year, subject to annual review.
Rupay debit cards for all eligible KCC borrowers.
Insurance:
a. Eligible crops may be covered under PRADHAN MANTRI FASAL BIMA YOJNA (PMFBY) on premium payment.
b.Borrower should also opt for Personal Accident Insurance, Health Insurance (wherever applicable).
Kisan Samriddhi Rin
Purpose: To provide adequate (total requirement for end-to-end farming) and timely cash credit facility to Corporate farmers, Companies of farmers, Agri. firms and Large farmers or other farmers using Scientific and Progressive methods of farming.
Features:
Type of Facility: Agriculture cash credit
Quantum of Loan
Minimum Loan: ₹ 5.00 lakhs
Maximum Loan: ₹ 50.00 Crores.
The quantum of loan will be based on realistic cost of end-to-end farming for any crop.
Repayment: The repayment period will be fixed as per the anticipated harvesting and marketing period for the Crops for which the loan has been granted.
Security:
Primary: Hypothecation of crops grown/assets to be created out of bank finance.
Collateral: Collateral Security by way of mortgage (Equitable Mortgage/Registered Mortgage) of immovable property/Agriculture land to be obtained for aggregate loan limit.
Further, collateral Security, in the form of SARFAESI compliant immovable property (Land & Building) and/or Liquid securities like NSC (Face value) or Term Deposit (Face value) of Bank or any other acceptable liquid security, together will be taken for the value at least 25% of the value of limit.
Multi Purpose Gold Loan
Purpose
To meet the short-term production / investment credit needs of
The farmers, engaged in agriculture, cultivating own and /or leased land or engaged in cultivation of crops
Farmers in allied activities like Dairy, Poultry, Fisheries, Piggery, Sheep, etc.
entrepreneurs and famers who needs investment credit for acquiring farm machinery, undertaking land development, irrigation, horticulture, transportation of Agri produce, etc.
All other farming activities which are permitted to be classified under agriculture as per RBI/GoI/NABARD guidelines.
Eligibility
All farmers: Individuals who are owner cultivators, Agri entrepreneurs.
Tenant farmers, Oral lessees & Sharecroppers
Any person engaged in any agriculture or allied activities and wants to repay loans availed from non-institutional lenders as well as persons engaged in activities permitted by RBI to be classified under agriculture. a self- declaration has to be obtained from the applicant that he/she is engaged in Agri and allied activities and that the loan availed against the pledge of Gold ornaments is for repayment of higher interest rate loans availed from non –institutional lenders.
Tractor Loan
Purpose
To meet the cost of Purchase of Tractor and Accessories (Including Insurance+ Registration Charges)
Features
Type of Facility: Agriculture Term Loan
Quantum of Loan: Min-Rs.200000/- Max-Rs.2500000/-
Margin: 25% of cost of Tractor including accessories and implements (Including Insurance and Registration Charges)
Moratorium: No Moratorium
Repayment: Principle Equated Distribution with Interest in 10 half yearly Instalments.
Security:
Primary: Hypothecation of Tractor and accessories.
Collateral: Mortgage of land /Gold Ornaments/Any Other approved liquid security or Third-Party Guarantee.e.
Interest Subvention: Not Applicable
Other: NA
Financing of Combine Harvester
Purpose
To meet the cost of Purchase of Combine Harvester and Accessories .
Features
Type of Facility: Agriculture Term Loan
Quantum of Loan: Min-Rs.500000/- Max-Rs.3500000/-
Margin: 20% of cost of Combine Harvester including accessories and implements (Excluding Insurance and Registration Charges)
Moratorium: 6 Month within overall loan tenure
Repayment: Repayable in maximum 6 years with half-yearly Principal Equated Instalments with Interest.
Security:
1. Up to 10.00 Lakh Primary: Hypothecation of Combine Harvester accessories and implements purchased out of Bank finance. Collateral: Nil.
2. Loans above Rs. 10.00 lakh: Primary: Hypothecation of Combine Harvester and accessories. Collateral: Mortgage of land /Gold Ornaments/Any Other approved liquid security or Third-Party Guarantee.
Composite Minor Irrigation
The activities financed under Minor Irrigation are as under:
Direct Finance: :
Financing for Pump sets / Oil Engines / Pipeline.
Financing for Dug well/ Repairs to wells /Bore wells / Tube wells
Financing for Ponds/ Water storage tanks.
Financing for Micro Irrigation i.e. Sprinkler / Drip irrigation
Financing for Automized / Computerized Irrigation Systems.
Financing for Individual / Cooperative Lift Irrigation Schemes.
Financing for Rainwater Harvesting Scheme.
Financing for purchase of generator sets for irrigation purposes.
Features :
Type of Facility: Agriculture Term Loan
Quantum of Loan: Min-Rs.10,000/- Max-Rs.49,00,000/-
Margin: 15% to 25% of the Project Cost
Moratorium: 12 Month.
Repayment: 12 Year (Exclusive of Moratorium Period)
Security:
Up to Rs.1.60 Lakh: -
Primary: Hypothecation of Moveable asset Created.
Collateral: Nil.
Loans above Rs.1.60 lakh:-
Primary: Hypothecation of Movable Asset Created.
Collateral: Mortgage of land /Charge on Land;
Interest Subvention: Not Applicable
Financing Power Tiller :
Purpose of Loan
To meet the cost of Purchase of New Power Tiller and Accessories.
Features
Type of Facility: Agriculture Term Loan.
Quantum of Loan: Min-Rs.5000/- Max-Rs.500000/-.
Margin: 20% of cost of Combine Harvester including accessories and implements (Including Insurance and Registration Charges).
Moratorium: 6 Month within overall loan tenure.
Repayment: Repayable in maximum 5 years in half-yearly Principal Equated Instalments with Interest.
Security:
Up to Rs.1.60 Lakh Primary: Hypothecation of Power Tiller accessories and implements purchased out of Bank finance. Collateral: Nil.
Loans above Rs.1.60 lakh: Primary: Hypothecation of Power Tiller and accessories. Collateral: Mortgage of land /Gold Ornaments/Any Other approved liquid security or Third-Party Guarantee.
Interest Subvention: Not Applicable.
Other: NA
KCC for Allied Activities
KCC FOR ANIMAL HUSBANDRY & FISHERIES
To meet the working capital requirements towards the following activities:
a. Fisheries: Fresh water fish/prawn culture(including Cold water), brackish water shrimp/fish crab/ culture, fish/shrimp/prawn/crab seed rearing, capture fisheries in fresh water, rakish water and marine & any other state specific fisheries activities.
b. Animal Husbandry: Milch animal rearing, poultry layer farming, poultry broiler farming, sheep rearing, goat rearing, pig rearing, rabbit rearing for wool and work animals.
Type of Facility: Agricultural Cash Credit
Margin: No separate margin, as the margin is inbuilt while fixing the Scale of Finance (SoF).
Quantum of Loan:
Minimum loan : No ceiling
Maximum Loan : No ceiling
The scale of finance for Animal Husbandry & Fishery will be fixed by the District Level Technical Committee (DLTC) based on local cost worked out on the basis of per acre/per unit.
Security:
Primary: Hypothecation of animal/birds/fish/stocks of seed, feed/organic and inorganic fertilizers/ lime/other soil conditioners and assets created out of bank finance.
Collateral: Nil upto Rs. 1.6 lakh and above 1.6 lakhs – as per bank norms
Mortgage of land /charge on land or liquid Security.
Interest Subvention:
Up to the credit limit of Rs.2.00 lakh to meet working capital requirement. A borrower will be eligible for Additional interest subvention only if the credit summation for one year from the date of sanction/renewal/ review is more than debit summation.
Pradhan Mantri Mudra Yojna
Purpose:
To create employment and generate income for livelihood to enhance the standard of living of people.
Features
Type of Facility:
Loan limit up to Rs.1.00 lakh: Running OD which is renewable annually.
The loan limit beyond Rs.1.00 lakh: 5 years (60 months) including a moratorium/gestation period of 1 month as Drop Line Overdraft Limit.
antum of Loan:
Project Cost (A)
Less Margin (B)
Bank Loan (A-B)
Margin:
Up to Rs. 50,000/-: NIL
Rs. 50,000 to Rs.10 lakhs: 10%.
Moratorium: 12 Months Maximum (Should be decided because of activity Financed)
Security:
Primary: Hypothecation of assets created out of the Bank Loan.
Collateral: No collateral to be obtained for all loans up to Rs.10 lakhs.
Interest Subvention: Not Applicable
Agri.Enterprise Loan
Purpose: To provide finance to agri based enterprises viz Agri Commodity & Food processor, Agri input manufacturer, Agri Exporters & FPO engaged in select Agri, Allied, Agri infrastructure and Ancillary activities.
Features
Type of Facility: TL, CC, BG, LC, Bill Discounting. Pre & Post - shipment
Quantum of Loan:
Minimum: ₹1 lakh
Maximum: ₹100 crores
Repayment: The loan will be repayable in maximum 10 years with maximum moratorium of 24 months.
Security: Primary: Mortgage of Primary land & Hypothecation of machinery, equipment, stocks, receivables, other movable assets (Present & Future)
Collateral:
NIL Upto ₹2 Cr if Credit guarantee cover availed.
More than ₹2 Cr: Suitable security for rest of the loan amount above ₹ 2 Cr.
Produce Marketing Loan
Purpose
To help farmers avoid distress sale immediately after harvest when the prices are usually low.
To offer the facility of loan against the security of fungible farm produce stored at accredited/ Non- accredited warehouse
Features
Eligible: Farmers and Group of Farmers.
Type of Facility: Demand Laon with maximum tenor of 12 months.
Quantum of loan: Based on the valuation of the pledged commodity, lowest of
a. minimum Support Price, wherever declared or
b. Current market price or
c. Value mentioned in e-NWR/WHR).
Limit = (Quantity × Valuation) – Margin.
Maximum loan:
Against e-NWRs- ₹ 75.00 lakhs.
Against other WHRs- ₹ 50.00 lakhs.
Margin: 25-40% (Based on the type of warehouse where product is stored)
Moratorium: NA
Repayment: Commensurate with stated shelf life of the commodity or date of validity of the WHR/e-NWR in any case not exceeding 12 months.
Security:
Primary: Hypothecation / Pledge of e-NWR / Warehouse Receipts issued by WDRA registered Warehouses / Collaterally Managed Godowns / SWC / CWC Godown / Cold storages.
Collateral:
For WHRs by warehouses managed by Bank’s approved Collateral Managers and e-NWRs: NIL
For WHRs by other Warehouses (Not managed by Bank’s approved Collateral Managers): Mortgage of Land for loans above ₹10 lakhs.
Setting up Agri.Clinic and Agri.Business Centers
Purpose:
To set up for providing Agri-Clinics expert advice and services to farmers on various technologies and clinical services for crop and animal health.
For set up Agri-Business Centers for maintenance and custom hiring of farm equipment, sale of inputs and other services in agriculture and allied area, including post-harvest management and market linkage for income generation
Features
Loan Limit: As per the scheme, 20 lakhs are available to individuals and 100 lakhs are provided to a group of five trained persons.
Margin:
Up to Rs.5.00 Lakh: Nil
Above Rs.5.00 lakh: As per bank guidelines.
However, concessions would be made in respect of SCs/STs, women and beneficiaries of North-eastern states, Hill areas. In such cases, a maximum of 50% of the margin money prescribed by the banks could be given by NABARD to meet the shortfall in borrower’s contribution, if the bank is satisfied that the borrower is unable to meet the margin money requirements.
Type of facility: Agri Term loan.
Moratorium: 24 Months Maximum (Should be decided because of activity Financed)
Loan Term: Maximum up to 10 Years (inclusive of the moratorium)
Interest rate:
Loan up to Rs.50 lakh: One-year MCLR+ 2.00%.
Loan Above Rs. 50 lakh :-As per Bank Guidelines.
Fees & Charges:
Processing charges: Up to Rs.2.00 Lakh -NIL Above Rs.2.00 Lakh 1.40% of Loan amount +GST
Primary: Mortgage of Land & Building (wherever applicable). Hypothecation of assets created out of Bank Finance.
Collateral:
For loan up to Rs. 10 lakhs: No collateral required. To be covered under PM MUDRA Yojana.
Above 10 lakhs Other Category: - As per Banks Norms.
For loans up to 1 Cr: - No Collateral required for all Proposals eligible Under Stand-Up India Scheme.
Subsidy: Agri Clinic &Agri Business Centres Schemes are eligible for subsidy from NABARD subject to terms and conditions.
Scheme for Debt Swapping of Borrowers
Purpose :
To extend finance to farmers for paying off loans taken from non-institutional lenders (e.g. money lenders, etc.) and to enable such farmers in distress, meet their crop production needs.
Features
Type of Facility: Term Loan
Quantum of Loan:
Minimum: Rs 5,000/-
Maximum: Rs 1,00,000/-
The quantum of loan granted shall be 100% if the debt is on account of cultivation or agri activity, with amaximum of Rs. 1,00,000/. Additionally, loan for crop production will be sanctioned under Kisan credit card.
Repayment: The loan will be repayable in half yearly instalments in 3 to 5 years.
Security: All the existing security available with the bank will be extended to cover the loan under the proposed scheme also.
Primary: Charge over assets and documents pledged/ mortgaged with the moneylenders, non-institutional lender, etc. after the dues of the money lenders / non-institutional lenders are cleared.
Collateral: Collateral security by mortgage / charge on agriculture property shall be taken for this loan, if the total loan exceeds ₹ 1.60 lakh.
Agri.Infrastructure Fund Scheme
Purpose
To establish Cold stores, Warehousing, Silos, packing units, Assaying/ Grading, Logistic facilities, Primary processing centers, packing units, ripening chambers /waxing plants, etc.
Objective
To enhance post-harvest management infrastructure.
Features
Type of Facility: Term loan
Margin:
Up to the loan limit Rs. 2 Cr: Min 10% of the project cost.
Above the loan limit of Rs. 2 Cr: 25% of the project cost.
Quantum of Loan:
Minimum loan: No ceiling
Maximum loan: No ceiling
Security: As per Bank’s extant guidelines.
Repayment: Repayment period will be ten (10) years including moratorium period of 6 - 24 months.
Interest Rate: -
Up to the loan limit of Rs. 2 Cr: 6M MCLR +100 bps.
Above the loan limit of Rs. 2.00 Cr: As per Bank’s extant guidelines.
Interest Subvention - Interest Subvention 3% p.a. for up to Rs. 2 Cr for a period of 7 years including moratorium period.
Credit Guarantee: -
Up to Rs.2 Cr: CGTMSE for MSME.
Up to Rs.2 Cr: From SFAC for FPO/ FPCs under FPO promotion scheme of DA & FW.
Portal : http://www.agriinfra.dac.gov.in
Animal Husbandary Infrastructure Development Fund (AHIDF)
Purpose
To establish new and strengthening of existing Dairy processing and Meat processing including Animal Feed Manufacturing units.
Objectives
To enhance milk processing / meat processing capacity besides making available quality concentrated animals feed.
Features
Type of Facility: Term loan
Margin: 10-25% of the project cost.
Quantum of Loan:
Minimum loan: No ceiling
Maximum loan: No ceiling
Repayment: Repayment period will be ten (10) years including maximum moratorium of 24 months.
Security: As per Bank’s extant guidelines.
Interest Subvention: - Interest subvention of 3% is provided to all eligible entities.
Interest, Fees & Charges
For Eligible MSME Entities: EBLR + 200 bps.
For Other Eligible Entities: FPOs/ Private companies/ Individual entrepreneurs/ Section 8 companies
Loan up to Rs. 50 lakhs: EBLR +360 bps.
Loan above Rs.50 lakh: As per Bank’s extant guidelines.
Upfront fee : As per Bank’s extant guidelines, are subject to revision by bank from to time.
Up to Rs.2 Cr: CGTMSE for MSM
Credit Guarantee : For MSMEs - 25% of loan limit without ceiling by NABARD
Portal : portal.udyamimitra.in
PM Formolization of Micro Food Processing Enterprise Scheme
Purpose
Enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and promote formalization of the sector.
Support Farmer Producer Organizations (FPOs), Self Help Groups (SHGs) and Producers Cooperatives along their entire value chain.
Objectives
Increased access to credit by existing micro food processing entrepreneurs, FPOs, Self Help Groups and Co-operatives.
Integration with organized supply chain by strengthening branding & marketing.
Support for transition of existing 2,00,000 enterprises into formal framework.
Increased access to common services like common processing facility, laboratories, storage, packaging, marketing and incubation services.
Strengthening of institutions, research and training in the food processing sector and
lncreased access for the enterprises, to professional and technical support.
Features
Type of Facility: Term loan
Margin: Minimum of 10% of the project cost.
Quantum of Loan:
Minimum loan: No ceiling
Maximum loan: No ceiling
Repayment: Max. 10 years including maximum moratorium of 6-24 months.
Security: As per Bank’s extant guidelines.
Interest rate: -
For Eligible MSME Entities:
Loan up to Rs. 2 Cr: EBLR (External Benchmark based Lending Rate) +200 bps.
Loan above Rs. 2 Cr: As per Bank’s extant guidelines.
For Other Categories: FPOs/ SHGs/ Producer Cooperatives:
Loan up to Rs. 50 lakhs: EBLR +360 bps
Loan above Rs.50 lakhs: As per Bank’s extant guidelines.
Upfront fee : As per Bank’s extant guidelines, are subject to revision by bank from to time.
Subsidy/ Grant
Individual Micro Enterprises: Capital Subsidy @35% of the eligible project cost with a maximum ceiling of 10.00 lakh per unit.
FPOs/ SHGs/ Co-operatives: @35% of eligible project cost.
Common Infrastructure Development: @35 % of eligible project cost.
Credit Guarantee : For MSME: - CGTMSE for collateral free loan up to Rs.2 Cr. Other categories: For loans under MUDRA credit guarantee of CGFMU.
Portal : https://pmfme.mofpi.gov.in
PM KUSUM Scheme (A)
Purpose
Component (A)
Financing solar or other renewable energy-based power plants (REPP) of capacity 500 kW to 2 MW on Barren/ uncultivable land backed by PPA (Power Purchase Agreement) with Distribution Companies (DISCOM).
Agricultural land is also permitted under the scheme provided that solar plants are installed in stilt fashion (i.e., raised structure for installation of Solar panels) and with adequate spacing between panel rows for ensuring that farming activity is not affected.
Features
Activity : Installation of solar power or other Renewable Energy based Power Plants (REPP) on barren/ fallow land, pasture lands and Marshlands or in stilt fashion on agriculture land owned by farmer.
Type of Facility: Agricultural Term Loan. BG facility against 100% cash margin.
Margin: 30% of the Project Cost.
Quantum of Loan: Max. 70% of the project cost. Max. Ceiling - Rs.10 Cr.
Debt Equity Ratio (Max):
Desired Level - 65:35
Acceptable Level - 70:30
Loan Tenor: Door to Door tenor at Maximum 15 Years (comprising construction, moratorium and repayment period).
Moratorium Period: : - Maximum 12 months post COD.
Security: As per Bank’s extant guidelines.
CGTMSE: The borrower can avail the benefit of credit guarantee package (CGTMSE) by registering as MSME. In case, the borrower is availing the facility under CGTMSE, he has to comply with all the relevant guidelines.
Land: The entire parcel of land required for the project should be in the possession of the farmer/applicant.
Repayment: Maximum period of 15 years including moratorium period.
Interest, Fees & Charges
Interest: As per Bank’s extant guidelines.
Upfront fee: As per Extant instructions of Bank from time to time.
Portal : https://pmkusum.mnre.gov.in
PM KUSUM Scheme (B) and (C)
Purpose
Component (B)
Installation of 17.50 Lakh Stand-alone Solar Agriculture Pumps and will be implemented in full-fledged manner with total Central Government support of Rs.19,036.50 crores.
Component (C)
Solarisation of 10 Lakh Grid Connected Agriculture Pumps and on pilot mode for one lakh grid connected agriculture pumps. It should be scaled up with necessary modifications based on the learning from the pilot phase.
Features
Type of Facility: Agricultural Term Loan
Margin: Farmer contribution:10% of benchmark cost of pump.
Quantum of Loan:
Minimum loan: No ceiling
Maximum loan: No ceiling
Central Financial Assistance (CFA):
State Government: 30%
Farmer contribution: 40%
(Bank finance: 30% and farmer initial payment of 10%).
Subsidy for North Eastern States, Sikkim, J & K, HP, Uttarakhand, Lakshadweep and A & N Islands: Central Financial Assistance (CF):
State Government: 30%
Farmer contribution: 20%
(Bank finance: 30% and farmer initial payment of 10%).
Security: As per Bank’s extant guidelines.
Repayment: Maximum of 120 months including moratorium.
Interest rate : - 1-Year MCLR + 350 bps.
Upfront- fee: 1.40% of the loan + GST.
Subsidy:
Back ended credit linked subsidy.
Subsidy is deposited in the form of TDR with Zero interest rate and kept with the branch.
Lock in period for subsidy is three (3) years.
Portal : https://pmkusum.mnre.gov.in
NULM
Purpose
The Self Employment Program (SEP) of NULM focuses on providing financial assistance through provision of interest subsidy on loans to support establishment of Individual & Group Enterprises and Self-Help Groups (SHGs) of urban poor. The erstwhile provision of capital subsidy for USEP (Urban Self Employment Program) and UWSP (Urban Women Self-Help Program) under SJSRY has been replaced by interest subsidy for loans to Individual enterprise (SEP-I), Group enterprise (SEP-G) and Self Help Groups (SEP- SHGs). With a view to improving the livelihood opportunities for the poor in urban areas, erstwhile Ministry of Housing and Urban Poverty Alleviation (UPA Division), Government of India vide their Office Memorandum No. K-14011/2/2012UPA/FTS-5196 dated February 19, 2016 had enhanced the scope of National Urban Livelihoods Mission. The Mission with enhanced scope was renamed as “Deendayal Antyodaya Yojana - National Urban Livelihoods Mission (DAY-NULM)”.
Features
Loan Amount / Tenure of loan :
Individual Enterprises (SEP-I)-Loan & Subsidy:
An urban poor individual beneficiary desirous of setting up an individual microenterprise for self-employment can avail benefit of subsidized loan under this component from any bank. The norms/ specifications for individual micro-enterprise loans are as follows:
Age:
The prospective beneficiary should have attained the age of 18 Years at the time of applying for loan
Project Cost (PC):
The Maximum unit Project Cost for an individual microenterprise is ₹ 2,00,000 (₹ Two Lakhs).
Margin Money:
No margin money should be taken for a loan up to ₹ 50,000 and for higher amount loans, preferably 5% should be taken as margin money and it should in no case be more than 10% of the project cost
Group Enterprises (SEP-G) Loan & Subsidy:
A Self Help Group (SHG) or members of an SHG constituted under DAY-NULM or a group of urban poor for self-employment can avail benefit of subsidized loans under this component from any bank. The norms/ specifications for group based micro-enterprise loans are as follows:
Eligibility Criteria:
The group enterprises should have minimum of Three (3) members with a minimum of 70% of the members from urban poor families. More than one person from the same family should not be included in the same group.
Age:
All members of the group enterprise should have attained an age of 18 years at the time of applying for bank loan.
Project Cost (PC):
The group will be eligible for a maximum loan of Rs. 2 Lakh per member or Rs. 10 Lakh, whichever is lower.
Loan and Margin Money:
The Project Cost minus the beneficiary contribution (Margin Money) would be made available as loan amount to the group enterprise by the bank. No margin money should be taken for loan up to ₹ 50,000 and for higher amount loans, preferably 5% should be taken as margin money and it should in no case be more than 10% of the project cost.
Rate of interest : (EBLR + 3.25% ) p.a. Present effective rate = 7.55%+3.25% = 10.80% (w.e.f 15.06.2022).
Type of Loan : Cash Credit / Term Loan
Repayment schedule would range between 5 to 7 Years after initial moratorium of 6-18 months as per norms of the banks.
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