Ksheera Samrudhi Loan
|
Type of loan
|
Medium term
loan –Agriculture.
|
|
Method of
Repayment
|
Non-EMI
|
|
Purpose
|
Agricultural
allied Purpose
|
|
Eligibility
criteria
|
Individuals,
SHG, Milk Societies, Clusters .
|
|
Scale of
finance
|
Not
applicable.
|
|
Limit of loan
|
300000.
|
|
Holiday
period
|
Nil
|
|
Repayment
period
|
60 Months.
|
|
Rate of
interest
|
As per
interest structure.
|
|
Penal
Interest
|
2% for
overdue installments. When the loan becomes fully overdue 2% of additional
interest on contract rate is charged
|
|
Charges
|
Nil
|
|
Subsidy/Re-finance
|
Yes.
|
|
Security
|
Personal
surety/ collateral security.
|
Insurance policy for project amount in the joint name of bank should be
submitted to bank.