Agri Infrastructure Fund Scheme (AIF- Scheme) - Agri & Rural

Security

• Primary Security: Hypothecation/ Mortgage of assets created out of bank finance such as plant, buildings, machinery, stocks, etc.
• b). Collateral Security: 

• Borrower/ Unit registered as MSME unit:
  • For Loan accounts covered under CGTMSE up to loan limit of Rs. 2.00 Cr:
• For SHGs:
  • Loan limit up to Rs. 10.00 lakhs:
  • Loan limit above Rs. 10.00 lakhs up to Rs. 20.00 lakhs: To be covered under CGFMU coverage.
  • Loan limit above Rs. 20.00 lakhs: Minimum collateral security: 30% of credit exposure.
• For JLGs (Joint Liability Groups):
  • Above loan limit of Rs 2 lakh: Minimum collateral security: 30% of credit exposure.
• FPOs & FPCs:
  • Credit Guarantee Scheme under NABSanrakshan:
  • For Loan accounts not covered under NABSanrakshan: Minimum collateral security: 35% of credit exposure.

• For PACS/ Marketing Co-operative Societies, Multipurpose Co-operative Societies, Agri entrepreneurs, Start-ups and Central/ Start-ups and Central/ State agency or Local Body sponsored Public Private Partnerships:
  • Above loan limit of Rs.2 lakh: Minimum collateral security: 30% of credit exposure.

• Collateral Security Type which may be accepted:
  • Mortgage of SARFAESI complaint immovable property for value not less than 30% of the loan amount by way of first charge pertaining to individual/ proprietor/ partners/ their preferably near relatives.

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• NSC, KVP
• LIC Policy
• Bank Deposits