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| Objective |
To provide financial assistance to Aarthias who are well established in the line with good reputation. |
| Eligibility |
1.Arthias or Commission Agents functioning in markets / mandies having field of operations in rural/ semi urban area who are having receivables from farmers / SHGs/ JLGs and buying Agricultural produce from farmers / SHGs/ JLGs are eligible for loan under this scheme.
2. They should have been authourised by the local market yard (Mandi) or Marketing Board / Committee. |
| Purpose |
To provide loans to commission agents for
1. Extending credit to farmers / SHGs/JLGs
2. Supply of inputs to farmers / SHGs/JLGs
3. Buying produce from farmers / SHGs/JLGs |
| Cash Credit limit |
60% of value of Book debts, subject to a maximum of Rs 100 lacs. |
| Margin |
40% of Book debts. |
| Security |
Hypothecation of Receivables and Mortgage of immovable properties other than Agricultural land and/or cash securities like NSC/KVP/LIC etc, worth atleast 150 % of the loan amount. |
| Repayment |
Cash Credit limit with healthy operations in the account, to be renewed annually. |
| Rate of Interest & other details |
You may contact the nearest Branch for interest & other details. |