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Objective
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Credit to all Fishery and its related activity
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Target Group
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Individuals, Proprietary concern, Partnership Firm, Private limited company, Public limited company, LLP, OPC, FPO, FPC's etc
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Purpose
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· Term loan & need based working capital for the below mentioned activities:
(i)Marine Fisheries - Fishing boats
(ii)Marine Fisheries - Deep Sea fishing vessels
(iii)Inland Fisheries
(iv)Fish processing & Other activity
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Amount of Loan
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- Minimum- Above Rs. 10.00 Lakh,
- Maximum- Rs.10.00 Crores
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Security
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Prime Security:
Hypothecation/ mortgage charge on fixed assets and hypothecation charge on current assets created out of bank finance.
Collateral Security:
Mortgage of Immovable property (SARFAESI compliant) & any other security acceptable to Bank.
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Rate of Interest
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Refer - Interest Rates at a Glance (Click here)
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Repayment Period
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Maximum 12 years based on the activities undertaken
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Holiday
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Maximum 24 months depends on the activities undertaken
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For other details, please contact your nearest IOB branch.
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