Pradhan Mantri Mudra Yojna - Agri & Rural

Features

• Type of Facility:
  • Loan limit up to Rs.1.00 lakh: Running OD which is renewable annually.
  • The loan limit beyond Rs.1.00 lakh: 5 years (60 months) including a moratorium/gestation period of 1 month as Drop Line Overdraft Limit.
• Quantum of Loan:
  Project Cost (A)
  Less Margin (B)
  Bank Loan (A-B)
• Margin:
  • Up to Rs. 50,000/-: NIL
  • Rs. 50,000 to Rs.10 lakhs: 10%.
• Moratorium: 12 Months Maximum (Should be decided because of activity Financed)
• Security:
  • Primary: Hypothecation of assets created out of the Bank Loan.
  • Collateral: No collateral to be obtained for all loans up to Rs.10 lakhs.
• Interest Subvention: Not Applicable