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Scheme is operative in rural areas. |
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Loan is available for farm and non-farm sector activities. |
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Non-Farm Sector meant for Tiny. Cottage Village Industries and Service activities. |
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No upper ceiling for loans under Farm sector. |
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Non-Farm Sector can be assisted upto Rs 60. 00 Lakhs to set up Agro and Non-Agro Industries and upto Rs 10.00 Lakhs for service activities. |
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No loans limit to set up Agro-Processing Units. |
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Interest free soft loan assistance is available under Non-Farm sector as also innovative, Hitech, Export-Oriented and Agro Processing Units under Farm Sector. |
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No margin money required for loan upto Rs 50,000/- under Non-Farm Sector and above this ranges 5 to 25% depending on loan amount and type of scheme. |
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No margin money required for loan Rs 10,000/- under Farm sector and above this ranges 5 to 25% as per beneficiaries & Schemes. |
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Interest on term loan ranges from 12% to 13.5% upto loan amount of Rs 2.00 Lakhs and over this as p er Bank's discretion. |
