Finance To Farmer Producer Companies - Agri & Rural

Features

• Type of Facilities:
  • Agri Term Loan
  • Cash Credit/OD
  • Demand Loan
• Credit Guarantee by SFAC:
  Credit Guarantee Cover: SFAC will also provide Credit Guarantee Cover to the extent of 85% of the sanctioned limit, to FPCs enjoying aggregate credit limits of up to Rs1.00 cr provided the loan is sanctioned without obtaining any third party guarantee or collateral security.
• Quantum of Loan :No maximum loan limit.
• Margin :20% of project cost, unless otherwise stipulated in the Scheme for the activity for which the loan is being availed.
• Repayment :Repayable in 10 years, unless otherwise prescribed in the scheme for which activity /the loan is solicited.
• Security :Collateral: No collateral security is to be obtained other than charge on other movable / immovable assets of the Company where Guarantee cover from SFAC (Small Farmer’s Agri Consortium ) is obtained to the extent of 85% of eligible sanctioned limit.