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Agri Clinics

 

Agri Clinics

Security

For limits upto Rs.5.00 lakh

  • Hypo. of assets created out of bank finance
 

For limits over Rs.5.00 lakh

  • Hypo. of assets created out of bank finance
  • Mortgage of immovable property or
  • Collateral Security of adequate worth or third party guarantee.

Margin

  • Upto Rs.5 lakh – Nil
  • Over Rs.5 lakh - 15% to 20%

Rate of interest

As decided by Bank from time to time

Repayment

Repayment period will vary between 5 to 10 years depending upon the activity. The repayment period may include a grace period of maximum 2 years.

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 bank to meet the shortfall in borrower’s 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 bank will be without any interest but the bank may charge a service charge of 3% p.a. from the beneficiary.

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