Cent Animal Husbandry Infra Scheme

Purpose

* Incentivizing investments by individual entrepreneurs, private companies, MSME, Farmer Producer Organizations and Section 8 companies to establish (i) Dairy processing and value addition infrastructure (ii) Meat processing and value addition infrastructure (iii) Animal feed plan

Eligibility

Individual entrepreneurs, private companies, MSME, Farmer Producer Organizations and Section 8 companies

Nature of facility

* Term Loan 

Margin

Micro and small enterprise-10%

Medium enterprise-15%

Others-25%

Security

* Primary-Hypothecation of assets created out of bank's finance.
* Collateral

-For advances to MSME- No Collateral
- For advances above MSME ceilings -150% of limit collateral security required

Interest Rate

For the borrowers whose project cost are falling within MSME defined ceilings-RBLR+2%

For Others- As per rating of accounts

Interest Subvention

3% for all eligible entities/borrowers irrespective of the loan amount.

Upfront Fee

* Upto Rs 3 Lakh/- : Nil

* Above Rs 3 Lakh/- : 50% of 1.25% (i.e. 0.625 %) 

Repayment

* 8 years (including moratorium of max 2yrs).