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3. Scheme for Financing Construction / Renovation / Expansion of Rural Godowns (Grameen Bhandaran Yojana)
Bank is extending rural godown loans on liberal terms as follows:
Eligible borrowers:
- Individuals, Farmers
- Group of Farmers/Growers
- Partnership/Proprietary Firms
- Non Government Organizations(NGOs)
- Companies, Corporations, Co-operatives
- Agro Processing Corporations
- APMCs
- Self help Groups
- Federations
- Marketing Boards etc.
Assistance for renovation of rural godowns will, however, be restricted to godowns constructed by co-operatives only.
Location and size:
Under the scheme, the entrepreneur will be free to construct godown at any place and of any size as per his commercial judgement except for the restrictions that it would be outside the limits of Municipal Corporation area and be of a minimum capacity of 100 MT and maximum capacity of 10,000 MT. “If a promoter is constructing several godowns at different locations, each godown may be considered as separate project and hence the eligible subsidy to each godown up to a maximum of 10,000 MT storage capacity may be provided even if the bank has sanctioned loans to all godowns through one common letter, if the godowns are constructed on lands located at different gatta/survey number and godowns are having separate specifications”
Pattern of funding:
| Source of finance |
Other than NE States, hilly areas, SC / ST entrepreneurs & their co-operatives |
NE States/hilly areas SC/ST entrepreneurs & their
Co-peratives |
| Farmers, Agriculture Graduates, Co-operatives and State / Central Warehousing Corporations |
Individuals, Companies and Corporations etc. |
| Owner’s minimum contribution |
25% |
25% |
20.00% |
| Subsidy from the Govt. |
25% |
15% |
33.33% |
| Term loan from Bank |
50% |
60% |
46.67% |
Source:
http://www.syndicatebank.in
http://www.syndicatebank.in/scripts/AgriculturalLoans.aspx
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