Tenor and Pricing
Tenor of loan is 3-7 year with markup rates of 8% to 10% as under:
Scope of the Scheme
- The financing shall be available on long term basis for establishment, expansion and balancing, modernization & replacement (BMR) of Steel/Metal/Concrete Silos, Warehouses & Cold Storage facilities for storing agricultural produce.
- Financing facilities shall be available for:-
- Purchase of new imported & locally manufactured plant & machinery, equipments and accessories thereof, to be used in Steel/Metal/Concrete Silos, Warehouses and Cold Storages. Detail of machinery given in Annexure –I.
- Purchase of new generators. The capacity of generator shall, however, not be in excess of in-house energy requirements of the Silos/Warehouses / Cold Storages.
- Upto 65% cost of entire civil works.