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agriculture clinic & business center

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  • Eligibility
    Purpose For financing of setting up of Agricultural Clinics and Agricultural Business Centers.
    Eligibility
    • Graduates in Agriculture or allied subjects.
    • For Group (normally of 5), a member to be Management Graduate/Experienced in Management.
  • Finance
    Amount of Loan: Project Cost based, Max. ₹ 20 lakh for Individual and ₹ 100 lakh for Group of 5 Persons.
  • Security and Margin
    Security
    For loan upto ₹5.00 lakh Hypothecation of assets purchased out of bank fund.
    Above ₹ 5.00 lakh Hypothecation of assets purchased out of bank fund. & Mortgage of property to sufficiently secure the advance.
    Margin
    Up to ₹ 5.00lac NIL
    Above ₹ 5.00 lac 15% to 25% of total project cost.
  • Rate of Interest and Repayment
    Repayment period 5 to 10 years including of 2 years moratorium period.
    Rate of Interest
    Upto ₹ 2.00 lakh MCLR+2.25%
    Above ₹ 2.00 lakh & upto ₹ 10.00 lakh MCLR+3.00%
    Above ₹ 10.00 lakh MCLR+3.50%
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