Cash Credit (Pledge) in case of Food & Agro Processing Units
Corporate entities, partnership firms, Limited Liability Partnership firms, sole proprietorship concern etc.
30% (minimum) (The margin may be increased considering the volatility in price for the particular commodity)
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.
