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- PURPOSE & TYPE OF LOAN:
- a. Term loan for acquisition of tea
- b. Term loan for construction/ renovation / repair of Staff Quarter/ Workers’ Quarter
- c. Term loan for new plantation, re-plantation/ rejuvenation in the tea estate
- d. Term loan based on merit for setting up Mini Tea Factory
- e. Working capital limit to large borrowers and leaf factories for production of tea leaves and/or running factory
- f. Working capital to small borrowers for production of tea leaves
- g. Export credit limit, Non-fund based working capital limit and Bank Guarantee
- SECURITY:
- a. The total exposure in respect of various credit facilities granted to the Tea Companies should not normally exceed 75% of the value of their tea estate(s).
- b. The tea estate(s) should be mortgaged to the Bank, unless specifically exempted.
- c. Collateral securities to the extent of 25% of the exposure is to be obtained in case of new tea borrowal accounts apart from mortgage of tea estate.
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