Agricultural Godowns / Cold Storage
Purpose / Objective
- For construction of new Agri godowns or cold storages, market yards, silos / expansion of existing units / modernisation of existing units, irrespective of their location and takeover of standard accounts of such units from other banks.
- Individuals, Group of Individuals, NGOs, Association of growers, Partnership / Proprietary firms, companies, Corporates, Co-operatives, Agri produce Marketing Committees, Marketing Boards / Committees & Agro-industries Corporations etc.
Amount of Loan
- Medium term loan and short term loan for working expenses, based on the project.
- 30% of Wholesale Market Price of the Produce.
- Please refer the Lending Rates link on home page in our Bank`s Website.
- 9 to 11Years including holiday period of 2 years(Half yearly installments)
- Hypothecation of the assets created with the bank loan.
- Hypothecation of the produce stored in the godown, if owned by the godown owner.
- Mortgage of Properties.
* BPLR and BASE RATE – Available in Home Page