IND COVID EMERGENCY POULTRY LOAN (ICEPL)
IND COVID EMERGENCY POULTRY LOAN (ICEPL)
Applicability
- Existing Poultry loan Borrowers (Layers, Breeder, Broiler etc.)
Eligibility
- All existing facilities should be in “Standard” category but not in SMA 1 / SMA 2 at the time of sanction.
Purpose
- To meet the temporary liquidity mismatch due to outbreak of COVID-19 disease.
Loan Amount
- 20% of Fund Based Working Capital limits subject to a Maximum limit of Rs. 50 lakhs. If higher limits are required the same may be taken up with next higher authorities
(or)
- 10% of composite loan with a maximum limit of Rs.25.00 lakhs
Rate of Interest
- MCLR 1Y (8.10%) + Spread (0.50%) presently 8.60% p.a. (Floating)
Period
- Maximum 36 months.
Moratorium period
- Maximum 6 months
Security
- Existing Primary, Collateral Security and personal guarantees to be extended for this facility
Processing Charges & other charges
- NIL
Validity
- Scheme is valid upto 30.09.2020.
Other details:
| Acceptable Mode of Submission of Request for Credit facility | By E Mail / In-Person to the Branch /
Through Bank Mitra / FBC |
| Documents required | Duly filled in Application form |
| Helpline Numbers & Email ID for queries, facilitations and Grievances. | Mobile: +917305898992 / +919931094920 |
| Timeline for appraisal, sanction, documentation / disbursement | Within 6 working days from the date of receipt of application by Branch. |
| Frequently Asked Questions (FAQs) | Click here for FAQs about IND COVID EMERGENCY POULTRY LOAN |
( Last modified on May 16, 2020 at 05:05:33 PM )
