12. Scheme For Apple Plantation

Loan Amount : Minimum Rs. 2.10 lac and Maximum Rs.100.00 lac

Loan Term:

1. Term Loan repayable in five yearly installments within 12 years with initial 7 years moratorium period with capitalization of interest.
2. Cash Credit on demand with renewal after three years.

Interest Chargeable:

Term Loan:0.50 % above BR i.e. 10.15% 

Working capital :1.50% above BR i.e. 11.15% (upto  Rs. 3.00 lacs @ 7% subject to availability of interest subvention from GOI)

Fee Payable during the term of the loan

1. On term Loan

i) Upfront fee -.15% of loan amount
ii) Inspection  Charges - > Rs. 2 lacs but upto Rs.1 Crore -Rs. 500/- per lac p.a.  
    
2. On Working Capital

Processing Charges

i) > Rs. 2 lac upto 3 lacs-Rs. 100/- per lac
ii) > Rs. 3 lac-0.30% of loan amount, Maximum. Rs.30 lacs

Inspection charges- as mentioned above in Term Loan      
 
EMI payable:

1. Term Loan repayable in five yearly installments within 12 years with initial 7 years moratorium period with capitalization of interest.
2. Cash Credit on demand with renewal after three years.

Details of Security/ Collateral Obtained

i) Primary Security: Hypothecation of Plantation crops   raised/ to be raised on the land / Estate.

ii) Collateral: - Mortgage of orchard land Or Other commercial / residential properties to be obtained.  In any case, the value of the collateral security should not be less than 125% of the loan amount.