Last Updated on: 03/02/2025
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AGRI MUDRA – (AGRI MUDRA - (For Agriculture & Allied Activities))
Objective
Credit facility to Agriculture allied and ancillary services
Nature and Purpose of Advance
Purchase of Tractors and power tillers
All Allied activities (Dairy, Poultry, Fishery, Goat rearing, Piggery etc.)
Agri Clinic and Agri Business centre
Food and Agro processing units
Services supporting the above services
Quantum of Loan
Minimum: No Minimum
Maximum: Rs. 20.00 Lakhs
Eligibility
Individuals, Proprietary concerns, Partnership firm, Pvt Ltd company having sufficient experience/knowledge in the line of activity undertaken.
Graduate/diploma in Agriculture for loans under ACABC
Security
Up to Rs. 20.00 Lakhs: Hypothecation of assets created out of loan.
Nil Collateral as loan is covered under Credit Guarantee fund (CGFMU)
Margin
Rs. 2.00 Lakhs: Nil
Rs. 2.00 Lakhs: 15% to 25% (based on the activity undertaken)
Repayment
5 to 7 years (Monthly, Quarterly, Half- Yearly and Yearly based on the activity undertaken)
Rate of Interest
For Food & Agro processing units:
1 Year MCLR (9.10% at present) + 2.05% (spread) =11.15% at present
For poultry:
1 Year MCLR (9.10% at present) + 1.10% (spread) = 10.20% at present
For all other activities:
Up to Rs.5 Lakhs - 1 Year MCLR (9.10% at present) + 1.40% (spread) = 10.50% at present
Above Rs. 5 Lakhs up to Rs. 20 Lakhs - 1Y MCLR (9.10% at present) + 2.25% (spread) = 11.35% at present
For Dairy loan with tie up/undertaking:
Up to Rs.5 Lakhs - 1 Year MCLR (9.10% at present) + 0.45% (spread) = 9.55% at present
above Rs.5 Lakhs - 1 Year MCLR (9.10% at present) + 1.40% (spread) = 10.50% at present
Processing Charges
Term Loan:
Up to Rs. 25000/- - Nil
Above Rs. 25000/- up to Rs. 3 Lakhs - 0.30%
Above Rs. 3 Lakhs - 0.71%
Working Capital:
Above Rs. 25000/- up to Rs. 3 Lakhs - 0.20%
Above Rs. 3 Lakhs - 0.40%