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Agri Products
Financial Inclusion
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Food and Agro Loans
- Attractive interest rate
- Easy application procedure Testing
- Flexible security requirement.
- CGTMSE guarantee for loans upto Rs.5.00 Crore.*
- Finance for working capital needs and setting up unit available.
TAT
| Upto Rs.10.00 lakh | Above Rs 10 lakhs to Rs.5.00 crore | Above Rs.5 Crores |
|---|---|---|
| 7 business days | 14 business days | 30 business days |
* TAT will be counted from the date of receipt of Application (complete in all respects)
Food and Agro Loans
Fund based and non fund based limits for promotion of organised and unorganised food and agro processing based activities. Fund based facility includes support for working capital needs and demand loan/term loan for miscellaneous activity. Agro processing involves a series of post-harvest activities carried out for handling, processing, preservation and packaging of agricultural produce and converting into various products like food, feed, or industrial raw materials etc. It also includes the process of value addition to produce products through methods such as preservation, addition of food additives, drying etc. with a view to preserve food substances in an effective manner, enhance their shelf life and quality.
Food and Agro Loans
Individual including SHG/Farmers/JLG/FPOs, proprietorship firm / Partnership firms / Limited liability partnership / Private Limited Company/ Public limited companies, co-operatives, etc.
Before applying you must have
- KYC documents(identity proof and address proof)
- Income particulars
- Detail Project Report (for project financing)
- Statutory permission/licenses/udyog adhaar for project financing
- Documents related to collateral security, if applicable.
Quantum of finance
Need based finance available. However total aggregate sanction limit upto Rs.100 crore from the entire banking system for Food and Agro activity including our limits will be considered under Agriculture finance.
