To Enable Rice Mills To Grow And Prosper

Purpose

To meet the financial requirements of rice mills.
To set-up new rice mills and to acquire existing rice mills.
Take over of rice mills advances as per our policy.

Eligibility

Proprietory, Partnership, Company, Individual (running rice mills on own or lease basis) 
Takeover of credit limits also permitted subject to strict compliance of take-over norms in our Loan Policy.

In case of Existing Units:

Credit Rating below "A (TMB-4)" category is not eligible for takeover or for sanctioning fresh limits (first time) under the scheme.

Loan Quantum

• All types of fund and non-fund based limits can be sanctioned upto a maximum of Rs.500.00 lacs.


• Term Loan:
  
  To construct Factory Building, Godown, Office Building etc. To Purchase new / second hand indigenous machineries. To import new machineries. For installation, electrical fittings, fixtures and other equipments etc. (To import machinery one time FLC limit can be sanctioned along with suitable back-up finance)


• Working Capital:
  
  Regular limit :- 20% of the estimated sales turnover.
  Seasonal Limit :- 15% of estimated sales turnover (Period depending upon the season).


• For Existing units:
  
  The estimated sales turnover should be properly justified by having comparison with actual sales turnover in the preceding years. The estimated sales turnover should also be justified by comparing the utilization capacity during the previous year and proposed utilization for the current financial year both in terms of quantity and value. Average paid stock / debtors holding of the unit during normal and seasonal period should also be taken into consideration.


• For New units:
  
  The estimated sales turnover should be justified on the basis of installed capacity and capacity utilization.
  

Source:http://www.tmb.in