RULES FOR AGRI-CLINIC / AGRI-BUSINESS CENTRE LOANS
Agri-Clinics are meant to provide technical advices and other expert services to farmers. Such advices may be on cropping practices, crop protection from pests and diseases, market trend on crops, clinical services on animal health, new technology on agriculture/ agri-allied activities etc.
Agri-Business Centres are meant to provide all types of inputs for agriculture including farm equipments on hire.
Graduates in Agriculture/ and allied (e.g., Horticulture, Veterinary Science, Animal Husbandry, Forestry, Dairy Technology, Poultry Farming, Pisciculture etc.), being members of PACS’ (including LAMPS, FSCS etc.) and Nominal members of the Bank are eligible for such finance.
Maximum Project Cost
Rs.10.00 lac for project by an individual and Rs.50.00 lac for group of five or more. In a group of 5 or more, the ceiling shall remain Rs.50.00 lac, even if one of the Group members is a graduate in disciplines other than Agriculture and the afore-said Agri-allied Scheme.
The borrower shall have to contribute 30% (thirty per cent) of the Project Cost as his margin and in case of coverage of the scheme under Cedit-linked Capital Subsidy Scheme under Agri-Clinic / Agri-Business Centre (ACABC), no margin will be required.
5 to 7½ years, with maximum moratorium period of 1(one) year.
Along with the application following documents should be obtained:- a) Land records like sale deed, parcha/ mutation certificate, tax receipt etc. and Search-cum-non-encumbrance certificate in respect of the landed property, b) Project economics and the detailed Scheme, technically vetted, and estimate of Civil works and (iii) Quotations for the instruments, accessories etc. to be acquired.
Appraisal and Sanction
All loans of this type shall be appraised by the Branch Manager himself or any official authorized by him with reference to the Loan Manual of the Bank specifically recommended by the Branch Manager/ Manager of the Branch, processed at the Regional / Head Office level and then considered and sanctioned by the appropriate Committee of the Bank duly authorized by the Board of Directors from time to time or by the Board of Directors itself.
Illustrative List of activities which can be undertaken
For more information the please contact with the loan department of the bank and its branches.