Purpose
Cash Credit (Pledge) in case of Food & Agro Processing Units
Eligibility:
Corporate entities, partnership firms, Limited Liability Partnership firms, sole proprietorship concern etc.
Margin :
30% (minimum) (The margin may be increased considering the volatility in price for the particular commodity)
Features :
Maximum up to Rs.15 crores per borrower on standalone basis. (i.e. fresh finance under this Scheme is delinked from total exposure to the borrower/group).
A concession of 0.25% on ROI may be allowed.In case of Collateral Security in the form of Immovable/ CRM security coverage of minimum 50%.
Tenor of loan Maximum 12 Months
Personal Guarantee of all the Directors/ partners.
Inspection Charges One-time inspection charges @Rs. 10,000/- plus GST to be recovered upfront at the time of first disbursement.
Processing Charges Up to Rs 50 Lakhs: Rs.5 000/- Plus GST, Above Rs.50 Lakhs- Rs. 100 Per Lakh Plus GST
Existing Food & Agro Processing units customers, enjoying credit facility with our Bank and to accommodate our existing customers.