| PARAMETERS | DESCRIPTION |
|---|---|
| Purpose/ Objective | ✓ To provide Working Capital to the Commission Agents/ Arhatia, irrespective of their location enabling them to make advance payment to farmers for supply of inputs as also for buying the output from them. ✓ Supply of inputs (such as fertilizers, pesticides, seeds, cattle feed, poultry feed, agricultural implements and other inputs) to farmers and buying the output from them. ✓ Carrying post harvest activities such as sorting, grading etc. |
| Eligibility | I. Commission Agents/ Arhatia having valid license from the market yard/Board. II. All Commission Agents/ Arhatia irrespective of location shall be covered under the scheme. |
| Area of Operation | All Branches across the country |
| Type of facility | Overdraft limit for working capital purpose. |
| Max. loan Amount | Maximum up to Rs. 5.00 Crore |
| Any Min Amount to be restricted | No restriction |
| Margin | NA |
| Tenure of Loan | 12 months subject to annual renewal. |
| Primary Security | The facility shall be secured by way of mortgage of residential / commercial property (Other than Agricultural Land) having realizable value worth at least 100% of advance sought belonging to either the applicant or the guarantor. OR Pledge of NSC/ KVP/ FDR (Accrued Value), LIP (S.V.) at least 100% of advance. |
| Collateral Security | Personal guarantee of owner the property as per Bank’s Policy guidelines |