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IND STAR Rice Mill
Purpose / ObjectiveFinancing rice mills through out the country.
EligibilityRice Mills under MSME ( Fresh as well as existing )
Amount of LoanDepending on the project cost
Margin* Stocks - Limits less than Rs.1.00 crore - 20% --Limits Rs.1.00 crore & above - 25%
* Book Debts - 25% ( upto 90 days duration)
* Term Loan - New machines - 25% --Land & Bldg - 30%
Interest RatesPlease see the Interest Rate link on home page
RepaymentMax. 7 years for TL including holiday period of 12 months.
Security* Loan upto Rs.10.00 lacs - Hypothecation of assets created
* Loan above Rs.10.00 lacs - Hypothecation of assets created
* EM of property
Salient FeaturesFinancing of rice mills for purchase of machines / modernisation and working capital needs



 
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