Mahabank Gold Loan Scheme - Agriculture

1. i) Cash Credit for Crop Production- in the form of MKCC
   ii) Cash credit for allied activities
2. Term loans

A]   i) MKCC against Gold- As per Scale of Finance of crops

      ii) Agri Cash Credit against Gold - As per actual credit    requirement

B]   Agricultural Term Loan- As per actual credit requirement

     Quantum decided on following basis:

• Scale of finance Rs.3470 per gram for MKCC/Agri CC against Gold or Rs.3240 per gram for ATL Against Gold against of 22 carat gold or 75% of market value of gold (for MKCC / Agri Cash Credit) & 70% of market value of gold (for TL) whichever is lower.
• Maximum permissible limit for MKCC is Rs3.00 Lakh   

• MKCC: 7% p.a. (fixed) upto Rs 3.00 lakh under interest subvention scheme upto one year.
• Cash credit for allied activities: @ 1 (Month) MCLR i.e. 7.00% + 0.20% i.e. 7.20% p.a.
• Term Loans: 1 (Month) MCLR i.e. 7.00% + 0.20% i.e. 7.20% p.a.

• Up to Rs.3.00 lakh - NIL
• Above Rs.3.00 lakh to Rs. 5.00 lakh - Rs. 500
• Above Rs. 5.00 Lakh to Rs. 10.00 lakh – Rs.1000
• Above Rs.10.00 lakh to Rs.20.00 lakh - Rs.1500
• Above Rs.20.00 lakh- Rs. 2000

• MKCC against Gold- As per MKCC scheme guidelines
• CC allied activities- Annual review
• TL- Within 60 months depending upon the purpose

1. Loan application ie Form No. -138, & Enclosure –B2