Pradhan Mantri Mudra Yojna - Agri & Rural

Features

• Type of Facility :
  • Minimum - Rs. 1.00/-
  • Maximum - Rs.10.00 lakhs
  • Drop-Line Overdraft (DOD)
• 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 : Based on the type of activity.
• 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
• Repayment: Based on the type of activity
• Activities covered:
  • Dairy
  • Fishery
  • Sheep rearing
  • Goat rearing
  • Pig rearing
  • Poultry
  • Sericulture
  • Beekeeping
  • Mushroom Cultivation