Hi-Tech Agriculture Loans | Canara Bank Agriculture Finance

Biotechnology - Tissue culture & Hybrid seed productions
Floriculture – Cut flower cultivation
Mushroom production
Aquaculture - shrimp aquaculture
Bio-fertilizers, high value integrated poultry, post harvest management like pre-cooling, processing and preserving of fruits and vegetables etc.

Background of promoters - age, qualification, experience in the related fields, income tax and wealth tax assessment orders for the last 3 years.
Write up on the group companies if any, their activities, marketing net work, audited balance sheet for last 3 years and highlights of last 3 years of major concerns.
Availability of technically qualified/experienced person on the board.
Auditor's certificate regarding capital to be invested in the project.
Proposed share holding pattern.

Characteristic features	The Characteristic features of Hi Tech agriculture technology includes Innovation Sophistication & precision Labour saving Capital intensive Mass production Efficiency High Productivity Quality automation and superior High value /value added products technology High density planting Government and Other Clearances for Eligibility: Land conversion if required SLA Approval for foreign collaboration for 100% Export Oriented Units (EOU) Green card for 100% EOU Foreign Investment Promotion Board (FIPB) approval if stipulated RBI approval for Technology transfer fees Import and Export code (RBI) & from Director General of Foreign Trade (DGFT) Pollution Board Clearance Agricultural Processed Foods Export Development Authority (APEDA) registration.
Quantum	Based on project cost and need based Financial Analysis / Economic Viability Cost comparison with existing , preferably recently implemented /proposed project should be made. Projects should be analyzed on the basis of its strength, weakness, opportunities & threats (SWOT Analysis) Financial appraisal of the project must be made with reference to internal rate of returns (IRR) , debt equity ratio, Debt service coverage Ratio (DSCR), break even analysis, pay back and fund flow.
Margin	Up to Rs.2.00 lakhs - Nil Above Rs.2.00 lakhs -15-25%
Security	Up to Rs.2.00 lakhs – Hypothecation of assets created out of bank loan, above Rs.2.00 lakhs – Hypothecation of assets plus mortgage of land to the tune of 125% of loan amount.
Repayment Period	7 to 15 years based on the income generation capabilities and economic life period of asset for Term loan. Working Capital based on project cycle.