Hi-tech Projects

ParticularsDetails
FacilityTerm Loan (TL)
PurposeHi-tech Agricultural projects (Green House/ Polyhouse /Shed net /Pre Cooling / Cold Storage etc)
EligibilityAll farmers- Individual / Joint landholders
AmountAs per the project cost/ estimates
Margin
  • Limit up to Rs 2.00 Lakh- NIL
  • Limit above Rs 2.00 Lakh-15% to 25%
(Depending upon purpose & quantum of finance)
Rate of Interest
Up to Rs.10.00 lakh : 1 Year MCLR + BSS@0.50% + 2.00% 
Above Rs.10.00 lakh : 1 Year MCLR +BSS@0.50%+ 3.00%
Security
1) Up to Rs 2.00 lakh: Hypothecation of Crops, equipment, machineries & other assets 
2) Above Rs 2.00 lakh : 
• Hypothecation of  of Crops, equipment, machineries & other assets
• Third Party Guarantee/ Mortgage of Land
RepaymentWithin 5 to 9 years depending upon the cash flows of the activity
Other Terms & conditions
  • All statutory licenses, permissions from respective authorities/ departments for setting up unit/ project are mandatory.
  • Subsidy is available from NHB/NHM subject to complying documentation as per their requirement.
Paper requirement
  1. Loan application ie Form No -138,&Enclosure – B2
    • All 7/12, 8 A, 6 D extracts, Chatu Sima of the applicant
    • No dues certificates of the applicant from surrounding financial institutions including PACS
    • Legal search from advocate on Bank’s panel for loans above Rs.1.60 lakh where land is to be mortgaged
    • Price quotations/ Plan estimates / Permissions etc. depending up on the purpose of loan
  2. Guarantee form F-138
    • All 7/12, 8 A & PACS dues certificate of the guarantors
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