7. Agriculture Marketing Infrastructure (AMI)Scheme

Loan Amount : Need based, depending upon project cost

Loan Term : Repayable in 7 to 10 years, including moratorium period of 1 to 2 years.

Interest Type : Floating

i)  Below Rs. 25 lacs-- 1.90% to 3.95% +BR i.e  11.55 %  to 13.60% p.a.
ii)  Rs.25 lacs & above-0.25% to 1.50% + BR i.e. 9.90% to 11.15% p.a.

Fee Payable during the term of the loan

Upfront Fee:

i)  Up to Rs. 2.00 lac   -  Nil
ii)  >Rs.2.00 lac to 5 cr.. -1.15% of the loan amount.
iii)  > Rs.5 cr. & upto Rs.10 cr.-1.25% loan amount
iv)  > Rs. 10 cr.-1% of loan amount , mini. 12.5 lacs

Inspection Charges:

i)   Upto Rs.25000/-  Nil
ii)   > Rs. 25,000/- & upto Rs. 2 lacs: Rs.500/- p.a
iii)   > Rs. 2 lacs  -Rs. 500/- per lac p.a. 

Penalty for delayed payments: @ 2% on the entire outstanding for the period of default.

EMI payable : Repayable in 7 to 10 years, including moratorium period of 1 to 2 years.

Details of Security/ Collateral Obtained

Primary: Registered mortgage of land, building & other immovable assets Hypothecation of moveable assets. Such as machinery & equipments.

Collateral :

i. Personal Guarantee of the borrowers, Proprietor, Partners, Directors, Office bearers of other organizations (NGOs / SHG / Corporations / Boards etc)
ii. Additional collateral security may be obtained where primary security is not sufficient to cover 150% of the loan amount.