National Toll Free No1800 425 00 000
 
National Toll Free 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 / modernisation of existing units, irrespective of their location and takeover of standard accounts of such units from other banks.

Eligibility

  • 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.

Margin

  • 30% of Wholesale Market Price of the Produce.

Interest Rates

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

Repayment

  • 9 to 11Years including holiday period of 2 years(Half yearly installments)

Security

  • 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