RMGB – AGRI ENTERPRISES LOAN SCHEME
RMGB – AGRI ENTERPRISES LOAN SCHEME
- Objective: To provide a simple, hassle free, one step credit solution for the working capital and infrastructural needs of the Agri-Enterprises.
- Target Group: Agri based Enterprises engaged in selected Agri, Allied, Agri infrastructure and Ancillary activities defined as
a. Agri Commodity Processing Units
b. Food Processing Units
c. Agri Exporters
d. Agri Input Manufacturing Units
e. Farmer Producer Organization - Purpose: Financing the business entities engaged in Agri, Allied and Related activities
- Type of Facility:Cash Credit (CC), Term Loan (TL), Bank guarantee (BG)
- Quantum of Finance:Minimum Rs. 1.00 lacs and Maximum Rs. 100.00 crore.
- Margin: Working Capital Cash Credit : Stock 20%, book debt/receivables: 40%
Term Loan: 10% to 20% - Repayment Period: Cash Credit : Repayable on demand
Term loan: maximum 10 years - ROI:Aggregate limit up to Rs.50.00 lakhs:10.50%
Aggregate limit above Rs.50.00 lakhs: as per CRA rating norms
*Product features and ROI are subject to change from time to time as per discretion of the Bank