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Home >> Loan >> Other Loan Schemes  >> >> Agriculture Loan Scheme  >> >> Agriculture Clinic & Agriculture Business Centers
Agriculture Clinic & Agriculture Business Centers

 

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. Rs.20 lacs for Individual and Rs.100 lacs for Group of 5 Persons.

 

Security and Margin:

Security:

For loan upto Rs.5,00,000/-

- Hypothecation of assets purchased out of bank fund.

Above Rs.5,00,000/-

- Hypothecation of assets purchased out of bank fund + Mortgage of Property to sufficiently secure the advance.

 

 

Margin:

  • Upto Rs.5 lakh - NIL
    Above Rs. 5 lakh - 15-25% of the total project cost.

 

Rate of Interest and Repayment :

Rate of Interest:  
   

up to 2.0 lac                       

MCLR+2.25%

Rs. 2.00 lac to 10.00 lac

MCLR+3.00%

Above 10.00 lac

MCLR+3.50%

 

Repayment:

  • 5 to 10 years including of 2 years moratorium period