Horticulture / Plantation Activities
Horticulture / Plantation Activities | |
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Type of Facility | Term Loan (TL) |
Purpose | Cultivation of fruit crops-Mango, Pomegranate, Grapes, Guava etc |
Eligibility | All persons engaged in raising fruit gardens, plantations and nursery crops as owners of land or permanent tenants or as lease holders (for reasonably long period). |
Amount | As per NABARD/NHB Unit costs/ Project costs |
Margin |
(Depending upon purpose & quantum of finance) |
Rate of Interest | Up to Rs.10.00 lakh : 1 Year MCLR + BSS@0.50% + 2.00% Above Rs.10.00 lakh : 1 Year MCLR +BSS@0.50%+ 3.00% |
Security | 1) Up to Rs 2.00 lakh: Hypothecation of Crops/Plant Machinery to be purchased 2) Above Rs 2.00 lakh : a) Hypothecation of Crops/Plant Machinery to be purchased b) Third Party Guarantee (Two) / Mortgage of land. |
Repayment | Within 7-15 years including gestation period. Coinciding with harvesting of crops/marketing of produce. |
Subsidy | Subsidy for the eligible projects is available from NHB/NHM |
Paper requirement |
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