Finance To Farmer Producer Companies - Agri & Rural

Features

• Interest rate:
  • Loan up to Rs.50 lakh: One-year MCLR+ 3.60%.
  • Loan Above Rs. 50 lakh:-As per Bank Guidelines.
• Credit Guarantee Cover: Availability of NABSanrakshan Guarantee Cover for Loan upto Rs 2 Crores.
• Quantum of Loan: Rs 1 lakh – Rs 5 crores
• Collateral Security: 
  • For loans covered under NABSanrakshan Credit Guarantee cover: NIL
  • For loans not covered under Credit Guarantee cover:
    • Upto 1.6 Lakhs – No Collateral / TPG is required.
    • Above 1.6 Lakhs and below 50 Lakhs – Registered / equitable mortgage of land / immovable properly for minimum 25% of credit exposure is required which will be in the name of the FPO.
• Processing Charge: NIL