Scheme For Financing Rice Units / Seed Units

Purpose :

For Term Loans, Working Capital Loans, Bank Guarantee & Letter of Credit.

•  Term loans are provided to extend long term credit facilities to entrepreneurs such as:
•  Expansion & Modernization of the unit
•  setting up of factory building and other infrastructure facilities
•  Technology Upgradation.
•  Working Capital Limit :is provided to meet working capital requirements.

Eligibility:

Corporate entities, partnership firms, Limited Liability Partnership firms, sole proprietorship concern etc.

Margin :

•  In Working Capital Financing- 15% on Paid Stock. 25% of Eligible Book Debts.
•  In Term Loans Financing- minimum -25% on purchase of plant and machinery and minimum 35% on construction of building.

Features :

•  Offering competitive rate of interest ie 7.75%.
•  Relaxation in case of Government Book Debts which may be allowed up to 120 days for computing drawing power in Rice units accounts.
•  Competitive Processing charges ie 0.25% as compare to other peer banks.
•  Minimum inspection charges as compare to the other peer banks .
•  Complete waiver of NEFT/ RTGS charges
•  No commitment charges

 RATE OF INTEREST CHART (RICE AND SEED UNITS ACCOUNTS)