Type of Loans: Working Capital Loan, Term Loan, Pledge Loan, Growth 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 Negotiable Warehouse Receipt (eNWR) and any other business activity which is helping the PO and its members to generate income.
Growth loan: To provide flexible working capital finance to eligible FPCs, federations for procurement and aggregation of outputs, inputs, handloom, handicraft, MSME activities, value chain financing and trade receivable financing.
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 ₹ 2.00 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:
Term Loan: Maximum repayment period of 7 years, including the moratorium period, if any.
Working Capital Loan: Maximum repayment period of 18 months.
