Eligibility

Commission agents with valid license from the market yard / Board.
Agents who are in business for the last 3 years.
Only commission agents having receivables from farmers and functioning in rural and semi urban markets /mandis.

Loan amount

Maximum of Rs 50 lacs in the form of cash credit. 

Documents you need to provide

Statement of book debts (not more than 6 months)
Land records of the security offered
Commission agent license
Audited balance sheet 
Disbursement of the loan
60 % of the book debt is given as loan directly in cash. 

Security

Hypothecation of the receivables and the movable assets, including stocks, if any Collateral: for loan upto Rs 25 lacs ; Mortgage of residential / commercial property (other than agricultural property) worth at least 1.5 times of the advance sought belonging to either the applicant or a guarantor.

For loans above Rs 25 lacs : Mortgage of residential / commercial property worth 2 times of the advance value. 

Repayment

The loan amount is to be repaid within a period of 6 months.