| Agricultural Produce Marketing Loan |
| Purpose / Objective | * To provide finance against pledge of Warehouse receipts, godowns/cold storage receipts etc.
* To avoid distress sale of agricultural produce by the farmers and enable them to get a remunerative price. |
| Eligibility | All farmers who stored their produce in CWC/SWC or any authorized or approved private godowns. |
| Amount of Loan | 70% of the wholesale market price of the produce stored maximum of Rs.10.00 lakhs. |
| Margin | 30% of wholesale market prices of the produce.
|
| Repayment | To be repaid within 12 months. |
| Security | Storage receipt issued by gown owner duly adopted by the pledge. |
| Other Requirements/Details |
| Amount Slab(Rs. in Lakhs) |
Interest Rate |
| <0.50 |
BR+0.75%+0.50% |
| >0.50 to 2.00 |
BR+2.00%+0.50% |
| >2.00 to 5.00 |
BR+3.00%+0.50% |
| >5.00 |
BR+3.50%+0.50% |
|
| * BPLR and BASE RATE - Available in Home Page | |
