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AGRI-MUDRA

Last Updated on: 03/02/2025

AGRI-MUDRA

Home >> Agri & Rural >> Agriculture Credit >> AGRI MUDRA

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:

Up to Rs. 25000/- - Nil

Above Rs. 25000/- up to Rs. 3 Lakhs - 0.20%

Above Rs. 3 Lakhs - 0.40%