To encourage units engaged in food processing industry such as :
Fruit and vegetable processing industry
Food grain milling industry
Dairy products
Processing of poultry and eggs, meat products
Fish processing
Bread, oilseeds, meals (edible), breakfast foods, biscuits, confectionery, other ready to eat food products.
Aerated water/ soft drinks and other processed foods
Special packaging for food processing industries etc
Special pricing applicable to Food Processing Units (Concessionary Pricing)
Pricing depends upon Internal Rating, External Rating & availability of collateral security which ranges between 0.45% to 2.90% over & above one year MCLR/ RLLR.
Processing Fee(annually) For renewals also
As applicable to the regular loans:
Upto Rs.25000: Nil
> Rs.25000 but upto Rs.2 lacs: Rs.550.00
> Rs.2 lacs & upto Rs.10 lacs: Rs.1000.00
> Rs.10 lacs & upto Rs.50 lacs: 0.40% of the loan amount
> Rs.50 lacs: Depends upon the rating ( 0.20% of the loan amount to 0.40% of the loan amount, maximum Rs.40 lacs)
