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Purpose
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* Incentivizing investments by individual entrepreneurs, private companies, MSME, Farmer Producer Organizations and Section 8 companies to establish (i) Dairy processing and value addition infrastructure (ii) Meat processing and value addition infrastructure (iii) Animal feed plan |
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Eligibility |
Individual entrepreneurs, private companies, MSME, Farmer Producer Organizations and Section 8 companies |
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Nature of facility |
* Term Loan |
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Quantum of Loan |
*There is no upper limit |
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Margin
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Micro and small enterprise-10% Medium enterprise-15% Others-25% |
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Interest Rate
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For the borrowers whose project cost are falling within MSME defined ceilings-RBLR+2% For Others- As per rating of accounts |
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Repayment
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* 8 years (including moratorium of max 2yrs). |
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Security |
No collateral security is required for MSME loan covered under CGTMSE. Above the ceiling collateral security is required 150% of limit. |
