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 Online Services |
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 AGRICLINICS AND AGRIBUSINESS
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8. MARGIN MONEY:
Upto Rs. 5 lacs. - Nil.
Above Rs. 5 lacs - 15 to 20 %
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9. RATE OF INTEREST:
To be decided by Banks as per the RBI guidelines.
10. SECURITY:
Upto Rs. 5 lacs - Hypothecation of Assets created out of Bank Finance.
Above Rs. 5 lacs - Hypothecation of Assets created out of Bank Finance and mortgage of immovable property or collateral security of adequate worth or third party guarantee.
11. COVERAGE UNDER CGTSI SCHEME
It has been indicated by the Ministry of SSI, Government of India that out of twenty enterprises covered under ACABCs, nine activities are eligible for support under the Credit Guarantee Fund Scheme of their Ministry
The eligible nine activities, as identified by the Ministry of SSIs, Government of India for coverage under the Credit Guarantee Scheme for Small Industries and approach the Credit Guarantee Fund Trust for Small Industries (CGTSI) for necessary cover. The list of eligible activities are:
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Sr.No.
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Code
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Area
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Type of Activity
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1.
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Project 03
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Maintenance and Repair of Agricultural Implements & Machinery including Micro Irrigation Systems
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SSSBE*
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2.
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Project 04
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Agri Service Centres
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SSSBE*
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3.
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Project 05
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Seed Processing Units
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SSI**
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4.
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Project 06
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Tissue Culture
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SSI**
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5.
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Project 07
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Production of Bio-fertilizers, Bio-pesticides, Bio-control agents
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SSI**
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6.
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Project 08
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Honey and Bee Product Processing Units
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SSI**
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7.
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Project 14
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Feed Processing & Testing Units
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SSI**
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8.
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Project 13
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Setting up of Information Technology Kiosks in rural areas for access to various agricultural related portals
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SSI**
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9.
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Project 16
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Setting up of Cool Chain from the farm level onwards
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SSI**
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12. REPAYMENT:
The period of loan will vary between 5 to 10 years depending upon the activity. The repayment period may include a grace period of a maximum 2 years.
13. NABARD REFINANCE:
NABARD refinance would be available to the extent of 100% of bank loan
14. MARGIN MONEY ASSISTANCE:
Margin money assistance from soft loan Assistance Fund of NABARD would be available to the extent of 50% of the margin money prescribed by banks to meet the shortfall in borrowers contribution, if any, where the bank is satisfied that the prospective borrower is unable to meet the margin money requirements, could be given by NABARD. Such assistance/loan to banks will be without any interest but the banks may charge a service charge of 3% p.a. from the beneficiary.
15. ELIGIBILITY NORMS:
Eligibility to draw refinance by banks will be determined as per instructions issued by NABARD from time to time.
16. MODE OF REFINANCE:
Refinance will be extended under Automatic Refinance Facility as well as schemes with prior sanction depending upon the project outlay and amount of refinance.
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