Naini Poultry Scheme- Over Draft facility for Poultry Units

Purpose

Working capital finance & other related requirements

Nature of facility:

Overdraft limit

Eligibility:

All new/existing Poultry units.

Amount of Finance:

Minimum Limit Rs.2.00 Lakhs

Maximum Limit Rs. 300.00 Lakhs

Margin :

The margin stipulated on the value of the security is as follows:

  1. On the surrender value of Life Insurance Policies, Face value of NSCs/KVPs/IVPs- 15 %
  2. Face value of bank’s own TDRs- 10%
  3. On the realizable value of Immovable property -40 %

Features :

Offering competitive rate of interest i.e. 9.55%.*

Minimum inspection charges as compare to the other peer banks.

No personal guarantee is required.

Subject to CIBIL Score & CMR rank