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Base Rate

Agricultural Advances

Exempted categories of rating under Priority Sector – Agriculture:

There are certain agricultural activities which are exempted from credit rating. The detail/ list of such categories are furnished with Branch Cir. No.104/96 dated 16.11.2010 (Annexure-IV). In such cases, where the limit is Rs.10 lakh and above, the branches should charge interest as if advance has secured entry level credit rating such as SBS-5/MS-4. Loan against WHR: In case of loan up to Rs.50 lakh against pledge/hypothecation of agriculture produce (including warehouse receipts) for a period not exceeding 12 months, irrespective of whether the farmers were given crop loans for raising the produce or not, interest will be charged as under:

Loan against WHR: In case of loan up to Rs.50 lakh against pledge/hypothecation of agriculture produce (including warehouse receipts) for a period not exceeding 12 months, irrespective of whether the farmers were given crop loans for raising the produce or not, interest will be charged as under:

Quantum of Finance Rate of Interest
  • Up to Rs. 3 Lakh
  • Over Rs. 3 lakh & up to Rs.10 lakh
  • Over Rs. 10 lakh & upto Rs.50 lakh
  • 1% over Base rate presently 10.45%
  • 1.50% over Base Rate presently 10.95%
  • 2% over Base Rate presently 11.45%
 

Loans extended to PACS, FSS, and LAMPS

For loans extended to PACS, FSS, LAMPS interest will be charged at 1.75% over Base Rate presently 11.20 % p.a.

Tenor premium:

Tenor Premium to be added for advances above 1 year term at the following rate:

Tenor and limit % to be added
  Non-EMI EMI
Limit up to Rs.10 lakh – Tenure more than 1 year 0.25% 0.25%
Limit above Rs.10 lakh – Tenure more than 1 year and upto 7 years  0.50% 0.50%
Limit above Rs.10 lakh - Tenure more than 7 years 1.00% 1.00%
 

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