Type of Loans: Working Capital Loan, Term Loan, Pledge Loan.
Purpose:
· Working capital loan- To procurement and sale of agricultural inputs and procurement of produce for collective marketing, value addition and processing
· Term loan- Setting up of common infrastructure for agri & processing activities.
· Pledge loan- against Electronic Warehouse receipt (eNWR)· Any other business activity which is helping the PO and its members to generate income
Eligibility:
· The PO should have been incorporated at least for six months prior to submission of loan application· At least one audited balance sheet as on the date of application
· A minimum subscribed share capital of Rs.2 lakh
· Not have been in default to any organization including other banks/FIs
· Comply with legal requirements such as necessary licenses, TIN/ GST number etc.
· A regular CEO in place· A well laid out business plan at least for the next one year
· The PO should fall into the A+, A,B,B+,C+ Category of POs based on NABKISAN rating tool
Security: Collateral free loans with coverage under various CG schemes
Rate of interest & Processing Fee: Rate of interest & Processing fee is linked to the ALCO rate of Borrowing of NABKISAN and as per the rate of interest policy of NABKISAN applicable from time to time.
Repayment period:
• Maximum Repayment period is 7 years for term loans including moratorium period, if any
• Up to 18 months for working capital loans including moratorium period, if any
