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IND PASHUDHAN MITRA – Animal Husbandry Infrastructure Development Fund (AHIDF)

IND PASHUDHAN MITRA – Animal Husbandry Infrastructure Development Fund (AHIDF)

Purpose

  1. Dairy Processing
  2. Value added dairy product manufacturing
  3. Meat processing and value addition facilities
  4. Animal Feed manufacturing units

Target Group

Individual Entrepreneurs, Private Companies, MSME, Farmer Producer Organizations (FPOs) and Section 8 Companies (Nonprofit entities)

Type of Facility proposed :           Term Loan

Quantum of finance :           Based on Project cost

Loan under AHIDF shall not be provided for acquisition of land in any manner such as purchase, transfer, lease, accession/addition etc.,

 Margin Norms:

Micro and Small units: 10%

Medium Enterprises: 15%

Other categories: 25%

Repayment Period : Maximum 10 years (including holiday period of Maximum 2 Years)

Holiday Period :  Maximum 2 Years

Processing Charges :

  1. Upto Rs.25000/ : Nil
  2. Above Rs.25000/-: 0.50% of the limit sanctioned + Applicable GST

(All other charges: As per circular on service charges related to Agri advances issued from time to time)

Interest Subvention:

  • Loans under this financing facility are eligible for interest subvention of 3% per annum.
  • The Department will pay Interest Subvention amount in advance/ upfront to the lending bank for the first year on request of the scheduled bank.
  • Interest subvention from second year onwards would be released based on Non NPA borrowers entitlement claimed by the scheduled bank every year in advance.
  • Defaulter of repayment of loan in any given year will not be eligible for Interest Subvention.

Credit Guarantee

Credit guarantee coverage will be available for eligible borrowers from this financing facility under AHIDF, subject to maximum of 25% of Credit facility only for MSME defined ceilings i.e., MSME defined categories.

Rate of Interest:

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

Security Norms:

  1. Hypothecation of assets created out of Bank Finance.
  2. Equitable Mortgage of land & building/ Immovable properties.
  3. Collateral security in the form of FD, NSC, LIC Policies.
  4. Equitable Mortgage of immovable properties
  5. Guarantee: Personal guarantee of partners/directors.
  6. Minimum Security Coverage Ratio of 1.20 should be maintained at all times.

For accounts within MSME Defined Ceilings:

Credit Guarantee cover is available for 25% of the credit facility under this AHIDF scheme.

( अंतिम संशोधन Apr 19, 2022 at 05:04:32 PM )

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