Farmers Producer Companies (FPCs / FPOs) – RBD IND KISAN MITRA
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.
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| Rate of Interest | Please refer the Lending Rates link on home page in our Bank’s Website www.indianbank.in.
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| 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.
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( Last modified on May 08, 2025 at 11:05:20 AM )
