| Purpose / Objective | Financing rice mills through out the country. |
| Eligibility | Rice mill accounts with credit rating not below BBB
Consistent Net profit for a minimum period of 2 years for existing units |
| Amount of Loan | Term loan based on Project cost.
WC-
Based on Turnover Method up to Rs.5 crore.
Above Rs.5 crore-
As per Loan Policy guidelines |
| Margin | 20% on Stocks for limit less than Rs.1 crore.
25% for limit above Rs.1 crore
25% on BD (90 days)
25%- P &M
10% cash margin on NFB
30% landed Property & Building |
| Interest Rates | Please see the Interest Rate link on home page |
| Repayment | Max. 7 years for TL including holiday period of 12 months. |
| Security | Primary –up to Rs.10 lakh
(Stocks /BDs, all assets created out of bank finance)
Collateral NIL with CGTMSE coverage
Above Rs.10 lakh-
Additional security cover by way of EM properties covering 100% of the loan amount with a provision to consider up to 50% by Zonal Managers based on satisfactory conduct / good track record & linked to Credit rating. |
