National Helpline No1800 425 00 000

Agricultural Godowns / Cold Storage

Agricultural Godowns / Cold Storage

Purpose / Objective :

  • For construction of new Agri Godowns or cold storages, market yards, silos / expansion of existing units / modernization of existing units, irrespective of their location.

Eligibility :

  • Individuals, Group of Individuals
  • Association of  persons, Cooperatives, firms,  companies etc.,

Types of Facility Available :

  • Term loan
  • Cash Credit

Amount of Loan :

  • Term loan : Based on the Project Cost
  • Working Capital: Cash budget method to assess the WC irrespective of limits.

Margin :

  • Term Loan :  25% ( Minimum )
  • Working Capital :  30 %  (Minimum)

Interest Rates :

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

Repayment :

  • Term Loan: Upto 9 years including maximum holiday period of 2 years.

Security :

  • Mortgage of land & building of the Cold Storage constructed.
  • Hypothecation of assets created out of Bank Finance (Stock of Cold Storage Owner).
  • Assignment of receivables/ book debt arising out of advances to farmers for storage of agricultural commodities.
  • Wherever, WC limit is sanctioned for the purpose of on-lending to farmers, collateral security value equivalent to 100% loan amount to be obtained.
  • Collateral security in the form of FD, NSC, LIC Policies, Equitable Mortgage of immovable properties as per credit rating of borrower
  • Minimum Security Coverage Ratio of 1.20 should be maintained at all times.
  • Guarantee: Personal guarantee of partners/directors.
* MCLR RATE – Available In Home Page.

( Last modified on Dec 07, 2022 at 11:12:46 AM )