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Home >> Loan >> Other Loan Schemes  >> >> Agriculture Loan Scheme  >> >> Scheme for Financing Timber Merchants and Saw Mills
Scheme for Financing Timber Merchants and Saw Mills
 
Eligibility :
Small entrepreneurs which fall under SSI category and are not importing woodlogs are eligible for composite loan (cash credit + term loan) for meeting day to day business activities besides occasional requirement of term loan for increasing capacity in saw mills.
 
Loan Amount :
Rs.25 lacs. Out of which term loan component shall be maximum of 25%
 
Margin :
20%
 
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Security :
Collateral security :
i)  Immovable property in the form of land, building, factory premises
ii) Govt. paper securities etc, or both to adequately cover the bank advances.
 
Repayment :
Term loan shall be repaid within 36 to 60 monthly installments with maximum 6 months moratorium period.
 
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