Farmers Producer Companies (FPCs / FPOs) – RBD IND KISAN MITRA

Particulars	Guidelines
Target Group & Eligibility	New or existing FPC (Company of Farmer Producer members as defined in section IXA of the Indian Companies Act,1956 and incorporated as legal entity under Companies Act, 2013.
Facilities	Term Loan, Cash Credit & Composite Loan
Margin Norms	Term Loan : 15% of the project cost. Working Capital: 15% of the assessed amount.
Maximum limit	Rs. 200.00 Lakhs.
Repayment Period	Term Loan: Maximum upto 10 years, based on Cash Flow / Income generation. Working Capital: For working capital / running limit tenable for a period of 12 months, renewable every year.
Processing fee & other charges	Term Loan: Upto Rs. 50000/- : NIL Above Rs. 50000 : 0.50% of the limit sanctioned Working Capital: Upto Rs. 50000: NIL Above Rs. 50000/- up to Rs. 50 Lakh: Rs. 250 per lakh or part thereof Min. of Rs. 250 Above Rs. 50 Lakh: Rs. 350 per lakh or part thereof.
Rate of Interest	Please refer the Lending Rates link on home page in our Bank’s Website www.indianbank.in.
Security	Primary Security: Assets created out of the finance made by the bank. Collateral Security: By way of mortgage of landed/ building properties in the name of FPO/FPC with 100% coverage of limit. Or Credit Guarantee Cover is available, from Credit Guarantee scheme of Nabsanrakshan Trust Pvt Ltd for loans up to Rs.2 Cr.