Financing For Setting Up of Agri-Clinics and Agri-Business Centers for Agriculture Graduates
| Financing For Setting Up of Agri-Clinics and Agri-Business Centers for Agriculture Graduates |
|---|
| Type of Facility | Term Loan (TL) |
| Purpose | - Setting up of Agri Clinics
- Setting up of Agri Business Centers
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| Eligibility | - The scheme is open to following categories of candidates of age group of 18 to 60 years
- Graduates in agriculture and allied subjects from State Agriculture Universities (SAUs)/Central Agricultural Universities/Universities recognized by ICAR/UGC. Degree in Agriculture and allied subjects offered by other agencies are also considered subject to approval of Department of Agriculture & Cooperation, GoI, on recommendation of the State Government
- Diploma (with at least 50% marks)/Post Graduate Diploma holders in Agriculture and allied subjects from State Agricultural Universities, State Agriculture and Allied Departments and State Department of Technical Education.
- Diploma in Agriculture and allied subjects offered by other agencies are also considered subject to approval of Department of Agriculture, Cooperation & Farmers’ Welfare, GoI on recommendation of the State Government
- Biological Science Graduates with Post Graduation in Agriculture & allied subjects
- Degree courses recognised by UGC having more than 60 percent of the course content in Agriculture and allied subjects
- Diploma/Post Graduate Diploma courses with more than 60 percent of course content in Agriculture and allied subjects, after B.Sc. with Biological Sciences, from recognised colleges and universities.
- Agriculture related courses at Intermediate (i.e. plus two) level, with at least 55% marks.
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| Amount | - Individuals: Maximum Rs 20 lakh,
- Group (5 members) : Maximum Rs 100 lakh
|
| Margin | - Limit up to Rs 5.00 lakh: NIL
- Limit above Rs 5.00 lakh:15% to 25%
(However, concessions will be available to SCs / STs, women and beneficiaries of North Eastern states, Hill areas) |
| Rate of Interest | Slab-wise ROI for exposures upto Rs.25.00 lakh-
I) For Activities which does not fulfill MSMED Act Norms (MCLR Based): 1 Year MCLR+BSS @ 0.50% + Spread @ 2.10
II) For activities which fulfills MSMED Act Norms (RLLR) Based: Without Collateral Concession : RLLR+ 2.50 + BSS @ 0.50%
Slab-wise ROI for exposures more than Rs.25.00 lakh- As per Risk Base Prising |
| Security | - Limit upto Rs 5.00 Lakh:
- Hypothecation of Assets created out of bank loan
- Limit above Rs 5.00 Lakh:
- Hypothecation of Assets created out of bank loan
- Mortgage of land / other property.
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| Repayment | 5 to 10 years depending up on the cash flows |
| Subsidy | Credit linked composite subsidy @ 36% of the capital cost of the project funded through bank loan is available from NABARD. This subsidy would be 44 % in respect of candidates belonging to SC, ST, Women and other disadvantaged sections and those from North-Eastern and Hilly States. |
| Other Terms & Conditions | Applicant should complete training programme conducted by National Tanning Institute approved by MANAGE |
| 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.5.00 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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