HDFC BANK
1 . Mid Cap Credit
2. Working Capital Loans
3. Loan against warehouse receipt
4. Micro Credit
1. Mid Cap Credit
ICICI Bank has Specialised programmes to cater to Small and Medium Agribusiness Enterprises (SMAEs) to meet their specific financing needs. Indian SMAEs are increasingly focusing on improved production methods, penetrative marketing strategies and modern management tools to sustain and strengthen their operations. Our in-house sector experts have made extensive field visits, studied sectors and interacted with all stakeholders to design customised bouquet of products for the SMAEs sector.
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2. Working Capital Loans
ICICI Bank's Rural, Microbanking and Agribusiness Group (RMAG) offers Overdraft and Cash Credit facility to traders, processors, transporters, aggregators etc. in the Agri-sector.
Products offering Working Capital Loans are:
• Smart Cash Credit (SCC).
• Agri Credit Line (ACL).
• Jet Overdraft.
Smart Cash Credit (SCC): SCC is a financial assistance to large agri and rural enterprises for the working capital needs of the businesses with hypothecation of stock & debtors and supported by property as collateral security. Smart CC has a range of products like Cash Credit, Letter of Credit, Bank Guarantee, Term Loans,Export Packing Credit (EPC) etc.
Features:
• Limit: Minimum Rs. 25 lakhs, maximum Rs. 20 crores.
• Product range: Cash Credit, Term Loan, Letter of Credit, Bank Guarantee,Export Packing Credit (EPC) etc.
• Tenure: Cash Credit for 12 months, Term Loan up to 5 years, Letter of Credit/ Bank Guarantee for 12 months.
• Security: Charge on current assets i.e. stocks and debtors supported with commercial / residential property.
• Repayment: For Cash credit, the interest on the outstanding loan amount is payable monthly, term loan is repaid as per fixed EMIs.
• Repayment Mode: Through regular transactions in the account.
• Renewal of the account depends on maintenance of good track record and submission of fresh financial documents.
Agri Credit Line (ACL): Agri Credit Line is the financial assistance to rural enterprises in the form of overdraft based on property & income. The borrower can avail OD facility upto 5 crores and the interest will be charged only on the utilised amount.
Features:
• Limit: Minimum Rs. 10 lakhs, maximum Rs. 5 crores.
• Tenure: The overdraft term is 12 months and is renewable.
• Security: Self-owned residential /commercial/ industrial land or property.
• Repayment: For overdrafts, the interest on the outstanding loan amount is payable monthly.
• Through regular transactions in the account.
• Renewal of the OD account depends on maintenance of good track record and submission of fresh financial documents.
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3. Loan against warehouse receipt
ICICI Bank's Rural, Micro banking and Agribusiness group caters to the financial needs of those involved in the commodities business, such as farmers, traders, processors and aggregators. A credit line of up to Rs. 200 million is offered for agricultural operations with agricultural commodities as securities, including those maintained in demat form.
Features
• Limit: Maximum of Rs. 200 million. The limit is assessed on the basis of financial parameters and proof of dealing in commodities.
• Tenure: Maximum of 12 months. The tenure of each tranche varies from 3 to 12 months depending on the commodity financed.
Benefits
• Speedy loan sanction and disbursement with minimum documentation.
• No additional security other than Agricultural commodities.
• Attractive rate of interest.
• Speedy release of commodities after repayment of dues.
• Loans available at non-branch locations also.
• Loans extended in government/private warehouses. Top
4. Micro Credit
ICICI Bank provides financial assistance to the MFIs in the form of Term loan, Overdraft and Portfolio Buyout facilities. The Bank has established a dedicated micro finance development team responsible for providing these facilities to the MFIs.
Term Loan and Overdraft
Term loan is extended for on lending to micro finance clients. In addition to the above, the Bank extends Over Draft (OD) facility to tide over temporary cash flow mismatches. These facilities are extended to MFIs registered as Societies, Trusts, Not-for-profit Companies, Co-operatives, Credit co-operatives, MACS, CDS and NBFC.
Portfolio Buyout
ICICI Bank buys unencumbered, direct agricultural and/or weaker section portfolio originated by the MFI (registered as NBFC) through the process of Direct Assignments. These are bilateral transactions that are entered into directly between the MFI and the Bank.
Above mentioned facilities are extended at the discretion of ICICI Bank.
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