Ø      Objectives :

à  For construction of new Agri godowns or cold storages, market yards, silos/ expansion of existing units/ modernisation of existing units, irrespective of their location and takeover of standard accounts of such units from other banks.

Ø      Eligibility :

à  Individuals, Group of individuals, NGOs, Association of growers, Partnership/ proprietary firms, companies, Corporates, Co-operatives, Agri produce Marketing Committees, Marketing Boards/Committees & Agro-industries Corporations etc.

Ø      Loan facility :

à  Medium term loan and short term loan for working expenses, based on the project.

Ø      Margin :

à  30% of wholesale market price of the produce.

Ø      Interest :            

BPLR+TP-2.50 – 10.50% at present  

Ø      Repayment :

à  9-11 years including holiday period of 2 years (Half yearly installments)

Ø      Security :

à  Hypothecation of assets created with the bank loan.

à  Hypothecation of produce stored in the godown, if owned by the godown owner.

à  Mortgage of properties.