14. Scheme for Potato Growers

Loan Amount : Maximum Rs. 5.00 crore

Loan Term: Revolving Cash credit limit.

Interest Chargeable:

i) Up to Rs. 3.00 lac @ 7% ( where intt.subvention available)
ii) Where subvention  is not available (irrespective of the loan amount) -1.25% above BR i.e 10.90 % p.a

Fee Payable during the term of the loan

Processing Charges

i) upto Rs 3 lacs- Nil
ii) > Rs. 3 lacs-0.30% of loan amount with Maxi. Rs. 30 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: It's a revolving cash credit limit.

Details of Security/ Collateral Obtained

i) Primary Security: Hypothecation of Crops raised

ii) Collateral: Upto Rs 100000/-  Nil and above Rs 100000/- Registered Mortgage of  land valued at current sale price as per revenue record (Govt. Price), the value of which should be at least 150% of the loan amount