Objective

Credit to FPO/FPC's engaged in Agriculture and its related activities.

Target Group

Farmer Producer Organization & Farmer Producer Company

Purpose

· Term loan & working capital (Fund based & Non fund based) & composite loans comprising both term loan and working capital.

Amount of Loan

Maximum- Rs.2.00 Crores

Security

Prime Security:

Hypothecation of assets created out of bank finance / pledge of warehouse receipts

Collateral Security:

For loan amount up to Rs.1.60 Lacs - Nil collateral

Loan amount above Rs. 1.60 lacs - Mortgage of immovable properties (SARFAESI compliant).

Rate of Interest

Refer - Interest Rates at a Glance (Click here)

Repayment Period

Maximum 12 years based on the activities undertaken

Holiday

Maximum 24 months depends on the activities undertaken

For other details, please contact your nearest IOB branch.