Agri Marketing Infrastructure

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Agri Marketing Infrastructure

AGRI MARKETING INFRASTRUCTURE (AMI)

Purpose of Loan

  • To develop Agricultural Marketing Infrastructure including Storage Infrastructure in agricultural and allied sector;
  • To promote innovative and latest technologies in post-harvest and agricultural marketing infrastructure;
  • To develop alternative & competitive Agri. marketing channels;
  • To benefit the farmers individually and collectively through FPOs through small size processing units; 
  • To incentivize developing and upgrading of Gramin Haats as GrAMs to make better farmer-consumer market linkages and also to assist in integration GrAMs with e-NAM portal;
  • To provide infrastructure facilities for grading, standardization and quality certification of agricultural and allied produce; and
  • To promote Integrated Value Chains through minimal processing /value addition

Features

  • Type of Facility : Agriculture Term Loan
  • Quantum of Loan : Project cost minus margin
    • ATL : 85% of the project cost
    • ACC : 100% of Scale of Finance
  • Margin :
    • min. 20% of Total Financial Outlay (TFO)
    • If <20%, TFO assumed as 5 times margin
    • Min TL 50% of TFO (including subsidy)
    • Margin = 20-50% ACC : As per Scale of Finance for crops to be grown
  • Repayment : The term loan tenor would normally be 10 years including moratorium period of 12 months.
  • Processing Charges: 1.40% of the loan amount + GST
  • Insurance : Asset financed should be comprehensively insured for full cost against all risks. The policy should be taken in the name of the borrower with Bank’s name duly noted in the ‘Bank’s clause’ of the policy.

Eligibility

  • Individuals,
  • Group of farmers/ growers
  • Registered Farmer Producer Organizations.
  • Partnership/Proprietorship firms,
  • Companies,
  • Corporations
  • Non Govt. Organizations,
  • Self Help Groups
  • Cooperatives, Cooperative Marketing Federations
  • Autonomous Bodies of the Govt.,
  • Local Bodies (Excluding Municipal Corporations for storage infrastructure projects)
  • Panchayats
  • State Agencies including State Govt. Dept. and autonomous organizations/ State owned Corporations such as Agri.-Produce Market Committees and Marketing Boards, State Warehousing Corporations, State Civil Supplies Corporations etc.

Interest Rate

  • ATL : 200 bps above One Year MCLR( floating ) : 9 % p.a
  • ACC :
    • a. Up to Rs.3.00 lakhs : Interest charged at 7%p.a (fixed)
    • b. Above Rs.3.00 lakhs: One Year MCLR +325 bps: 10.25% p.a. at present

Security

  • Primary: Land based storage infrastructure: Equitable mortgage of land and building which is SARFAESI compliant.
    Other machines and equipments: Pledge/Hypothecation of Machinery/ Equipments
  • Collateral Security:
    • a. Personal Guarantee of the borrowers, Proprietor, Partners
    • b. Obtention/Waiver of collateral security at discretion of the sanctioning authority as per loan policy 2020-21.
    • c. Charge on other assets, wherever offered.

Documents Required

  • Duly filled in application form
  • Identity proof- Voter ID card/PAN card/Passport/ Aadhaar card/Driving License etc.
  • Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
  • Proof of agricultural land/ cultivation.

Last Updated On : Wednesday, 17-02-2021

Interest Rates

8.50%* p.a.

w.e.f. 09.03.2023

*T&C Apply.

 

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