Objective

To mobilize a medium - long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and viable farming assets through incentives and financial support to improve agriculture infrastructure in the country.

Nature and purpose of advance

All post-harvest management projects and viable farming assets.

⇨ *Click here to check all eligible activities - Eligible Projects (dac.gov.in)

Quantum of Loan

Minimum - No minimum

Maximum - No minimum

Eligibility

Farmers, PACS, Marketing Co-operative Societies, FPOs, SHGs, JLGs, Multipurpose Cooperative Societies, Agri Entrepreneurs, Start-ups, Central /State agency, or Local Bodies sponsored PPPs with sufficient knowledge/experience in the activity undertaken.

Security

Nil collateral up to Rs. 2.00 crore: Credit Guarantee coverage will be available for eligible borrowers under CGTMSE scheme for loan up to Rs. 2 crores and fee will be paid by the Government. In case of FPOs, credit guarantee may be availed from the scheme of CGS-FPO.

For all other cases where credit guarantee cover is not available:

Up to Rs. 1.60 Lakhs:  Hypothecation of assets created out of loan. Nil Collateral

Above Rs. 1.60 Lakhs: Loan should be adequately secured by way of immovable property whose value is not less than/ equal to the loan amount.

Margin

Minimum 10% of the project cost

Repayment

Maximum 7 years including holiday period

Holiday Period

Maximum 2 Years

Rate of Interest

Up to Rs. 2.00 Crore: 1 Y MCLR (9.05% at present) + 1.00% (spread) = subject to a Maximum of 9%.

Above Rs. 2.00 Crore

Cold storage & Rural godown projects: 1Y MCLR (9.05% at present) + 1.10% (spread).

Other than Cold storage & Rural godown projects: 1Y MCLR (9.05% at present) + 3.25% (spread).

*1 Year MCLR - 9.05% at present.

Interest Subvention

Loans under this financing facility will have interest subvention of 3 % per annum up to a limit of Rs.2 crores for a maximum period of 7 years.

In case of loans beyond Rs. 2 Crores, interest subvention will be limited up to Rs. 2 crores. 

Subvention will be allowed only till the accounts is under Standard category.

Processing charges

Up to Rs. 25000/- - Nil

Above Rs. 25000/- up to Rs. 3 Lakhs - 0.30% of the loan amount

Above Rs. 3 Lakhs - 0.71% of the loan amount

Conditions apply

*For more details, please contact our nearest branch

⇨ *Click here to register - agriinfra.dac.gov.in/Home/BeneficiaryRegistration

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