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  • November 13,2019
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green house poly house

 
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  • Eligibility
    Eligibility

    Loans to individual farmers, including SHGs or JLGs, corporate farmers, farmers’ producer organisations, partnership firms and cooperatives of farmers directly engaged in Agriculture and allied Activities.

    The Green House / Poly house should be constructed on own land.
  • Finance
    Nature of facility

    Term Loan: Construction of green house / poly house, purchase of equipments, machineries etc.

    Working capital: To meet out daily expenses necessary to run the farm such as purchase of inputs, labours, post harvest operations etc.
    Service Charges

    As per Bank Norms
    Terms & Conditions

    Frequency of repayment of loans should be fixed Half yearly / Yearly depending upon nature of crop / income generation.
  • Security and Margin
    Primary Security

    Hypothecation of green house / poly house, purchase of equipments, machineries etc.
    Coll. Security / Security Coverage

    i) Upto ₹ 1,00,000/-
    Hypothecation of crop/ assets created out of Bank loan.

    ii) Above ₹ 1,00,000/- to ₹ 2,00,000/-

    • Hypothecation of crop / assets created out of Bank loan.
    • Mortgage of Land / Property* minimum equal to the amount of loan.

    Or

    3rd party guarantee of adequate net worth acceptable to the Bank. (or) Secured up to 100% of loan by liquid security like FDR, NSC, etc.

    iii) Above ₹ 2,00,000/-

    • Hypothecation of crop / assets created out of Bank loan.
    • Mortgage of Land / Property* minimum equal to the amount of loan.

    Or

    Secured up to 100% of loan by liquid security like FDR, NSC, etc.
    * Land / Property may be Agriculture / Residential / Commercial which are eligible for creation of bank charge.
    The valuation of Agriculture land will be done as per current DLC (District level Committee) rate.

    Note: The Bank’s name must be displayed Bank as ‘hypothecatee’ or financier. The land on which Polyhouse / Green House is constructed must be mortgaged.
    Margin Up to ₹ 1,00,000/- Nil Over ₹ 1,00,000/- 15%
  • Rate of Interest and Repayment
    ROI

    Up to 25.00 lacs - MCLR + 1.00%
    Above 25.00 lacs to 2.00 crore - MCLR + 2.00%
    Loan above ₹ 2.00 crore (NPS) - MCLR + 2.50%
    Repayment Period
    • Gestation period may vary from 6 – 12 months.
    • Repayment period (excluding gestation period) may vary from 60-84 months
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