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    Loans are granted for construction of permanent farm level storage structures as:

  • Warehouses, godowns, silos, storage bins.
  • Cold Storages for farmers to store their own produce
  • The applicant should own agricultural land and should have space for construction of storage structures.
  • Technical guidance and supervision for construction of storage structure should be available.
Quantum Up to Rs.1.60 lakhs - Nil
Above Rs.1.60 lakhs -15-25%
Security Up to Rs 1.60 lakhs – Hypothecation of assets created of bank loan
Above Rs 1.60 lakhs – Hypothecation of assets plus mortgage of land where the development is proposed.
Repayment Period As there is no direct income generation in this project a reasonable repayment period of 5-7 years may be given based on income generation out of the farm of the borrower. The loan may be repaid in half yearly/yearly installments.
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Last updated on 12-12-2024 02:57 AM

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