Agri Clinic and Agri Business Centres

Purpose / Objective :

• To create gainful self-employment opportunities to unemployed Agricultural graduates, Agricultural Diploma holders, intermediate in Agriculture and Biological science graduates with PG in Agri-related courses.

Eligibility :

• All Graduates in Agriculture and Allied subjects from Agricultural Universities (State / Central)/ Universities recognized by ICAR/ UGC.
• 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
• Biological Science Graduates with Post Graduation in Agriculture & Allied subjects.
• Degree courses recognized 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 recognized colleges and universities.
• Agriculture related courses at intermediate (i.e. plus two) level, with at least 55% marks.

Amount of Loan :

• Ceiling of project cost for subsidy is Rs.20.00 lakhs for an individual project (Rs.25.00 lakhs in case of                extremely successful individual projects) and Rs.100 lakhs for a group project.

Margin :

• Upto Rs. 5.00 lakh – No margin
• Above Rs. 5.00 lakh – 15% of the project outlay.

Interest Rates :

• Please refer the Lending Rates link on home page in our Bank`s Website.

Repayment :

• Repayment period will depend on the nature of activity and will vary between 5 to 10 years including a maximum moratorium period of 2 years (as per needs of individual project).

Security :

• Limits upto Rs.5 lakh – Assets created out of Bank loan.
• Limits above Rs.5.00 lakh – Assets created out of Bank loan, Third Party Guarantee, Mortgage of properties covering at least 100% of the loan amount.

Processing Fee :

•  Upto Rs. 5.00 lakhs – NIL.

MCLR  RATE – Available in Home Page