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Hi-tech Projects

Particulars	Details
Facility	Term Loan (TL)
Purpose	Hi-tech Agricultural projects (Green House/ Polyhouse /Shed net /Pre Cooling / Cold Storage etc)
Eligibility	All farmers- Individual / Joint landholders
Amount	As 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
Repayment	Within 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	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 Guarantee form F-138 All 7/12, 8 A & PACS dues certificate of the guarantors

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