Quick processing with competitive Rate of interest
Low processing fees
Features and Benefits
To meet the financial requirements of Shrimp Farming/culture under Brackish water.
Features :
Loans granted for Investment purposes :
Construction of Rearing Ponds, inlets and outlets, Purchase and installation of electric motors / or engines /Generators, Purchase of aerators, nets and other accessories, Construction of supervisory / labour quarters, laboratories, feed godown / store room, water tower etc wherever necessary.
Loans for Operational Cost :
Preparation of Ponds and stocking, Purchase of prawn seeds, fertilizers, prawn feed, fuel etc., Establishment expenses including labour wages watch and ward, power, harvesting and marketing expenses.
Form of Advance :
Term Loan / Cash Credit / Overdraft
Eligibility and Terms
Farmers, Individuals, Corporate farmers, Farmers' producer organizations /companies of individual farmers, partnership firms engaged in Agriculture or activities allied to Agriculture and / or Allied Activities.
Margin
15% for Small & Marginal farmers , 25% for others
Repayment
Term loan – Maximum of 84 months (Half yearly installments).
