5. Produce Marketing Loan Scheme

Loan Amount : Maximum  Rs. 10.00 lac.

Loan Term : Maximum 6-12 months

Interest Type : Floating

a) Interest Chargeable (in case of Floating Rate Loans)
i) In own premises/ godowns- 0.50% to 2.00 % +BR i.e  10.15 % to 11.65% p.a.
ii) In Cold Storages/ Warehouses- at BR to 1.50% + BR i.e. 9.65 % to 11.15% p.a.

b) Interest Chargeable(in case of Fixed Rate Loans) - Not Applicable

Fee Payable during the term of the loan

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. 

Processing charges: Nil

Penalty for delayed payments: @ 2% on the entire outstanding for the period of default.

EMI payable : Maximum 6-12 months

Details of Security/ Collateral Obtained

Primary: Hypothecation of agriculture produce stored with the cultivator in his own godown or by the pledge of cold storage / warehouse receipts where the produce is stored by him in cold store/warehouse.

Collateral: Where the produce is stored in farmer’s own godown / premises, besides the primary security, collateral security as 150% of the loan amount will be obtained.
In cases of loans sanctioned against warehouse / cold storage receipts obtention of collateral security is waived upto Rs. 10.00 lacs

For further details click here               

Source: https://www.sbp.co.in