Type of Loans: Working capital, term loans or mix of both, PTC
Purpose: On-lending to the customers of the NBFC in agriculture, allied activities, SME Sector, rural housing, rural sanitation, renewable energy, vehicle financing, educational infrastructure or any other sector which is helping to promote and undertake or carry on the business of providing credit and other facilities to needy and disadvantageous sections of the society throughout India, for securing their prosperity.
Eligibility:
i. NBFCs should be in existence for at least 2 years. However, in case of NBFCs which are subsidiaries of existing financial institutions with strong credentials, one year of existence may be considered subject to obtaining of corporate guarantee from the holding company.
ii. NBFC should have made profit during the last year, as per audited balance sheet.
iii. The NBFC should be categorized as per internal rating of NABKISAN.
iv. Should have credit rating (from RBI accredited credit rating agencies) and the rating should not be less than BBB minus (BBB-).
v. NBFC should have impeccable credit history without active default to the lenders. NBFCs which are relatively new and not fitting into broad eligibility criteria may be considered with prior approval of Board if they are operating in segments of high relevance to NABKISAN.
Security: Hypothecation of standard book debts & Cash Collateral/ Corporate Guarantee / Personal Guarantee and other securities as prescribed by NABKISAN
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: Up to 5 years*
