Agri Clinic and Agri Business Centres

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

( Last modified on May 15, 2021 at 05:05:01 PM )

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