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BRACKISH WATER SHRIMP FARM LOAN

  • 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
  • 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).
  • Overdraft/Cash Credit– 1 year (Renewable)
  • Click MCLR Rates of Interest for MCLR based interest rates.
Fees & Charges
  • 0.25% of the Limit sanctioned + taxes applicable