V Dhaanya

V-Dhanya-Flour/Dal/Rice Mills.

1

Purpose

  • Setting up of new Flour/Rice/Dal Mill.
  • Expansion /renovation/modernization of existing Flour/Rice/Dal Mill.
2

Eligibility

  • Compliance with licence/ registration requirements under laws of state/ central government.
  • Individuals/ Sole Proprietorship/ Partnership and Company (Private/ public ltd) or any other such business entity.

3

Nature of facility

 

Working Capital, Term Loan & BG

4

Quantum of Loan minimum/maximum.

  • Maximum Rs.500.00 lakhs for Rice Mill.
  • Maximum Rs.300.00 lakhs for Flour Mill.
  • Maximum Rs.200.00 lakhs for Dal Mill.

5

Margin

  • 25% for stock/stock in process/ finished goods/assets acquired out of our finance
  • 35% for acquiring of premises/ expansion/ renovation of Rice/Flour/Dal Mill
  • 15% Cash margin for BG

6

Rate of interest

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7

Guarantor

  • Personal guarantee of promoter Directors/partners.
  • Personal guarantee of owner/s of property offered as collateral security.

8

Security

Primary Security:

  • Hypothecation of all assets created/purchased out of bank finance.
  • Mortgage of property in case of acquiring / construction of premises/ expansion/ renovation/ modernization of Rice/ Flour/Dal Mill (existing units).

Collateral Security:

For loans up to Rs.100.00lakhs:

  • Collateral security by way of immovable property or liquid securities such as deposits, NSCs, surrender value of LIC policies equivalent to 100% of the total exposure, if loan is not covered under CGTMSE scheme.  

For loans above Rs.100.00 lakhs:

  • Collateral security by way of immovable property or liquid securities such as deposits, NSCs, surrender value of LIC policies, equivalent to 100% of the total exposure.
  •  No collateral security if loan is fully covered by primary security of immovable property with required margin.
  • Movables such as Plant and machinery/ vehicles should not be accepted as collateral security

9

Processing fees/other charges

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10

Repayment

  •  Term loan – Maximum of 84 months.
  • Working capital – one year (should be renewed annually)
11

Application with checklist

 

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