National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

IND STAR Rice Mill

IND STAR Rice Mill

Eligibility

  • Rice Mills under MSME ( Fresh as well as existing )

Amount of Loan

  • Depending on the project cost

Margin

  • Stocks – Limits less than Rs.1.00 crore – 20% –Limits Rs.1.00 crore & above – 25%
  • Book Debts – 25% ( upto 90 days duration)
  • Term Loan – New machines – 25% –Land & Bldg – 30%

Interest Rates

  • Please see the Interest Rate link on home page

Repayment

  • Max. 7 years for TL including holiday period of 12 months.

Security

  • Loan upto Rs.10.00 lacs – Hypothecation of assets created
  • Loan above Rs.10.00 lacs – Hypothecation of assets created
  • EM of property

Salient Features

  • Financing of rice mills for purchase of machines / modernisation and working capital needs