KVB Agriculture Infrastructure Fund
KVB Agriculture Infrastructure Fund provides credit facility for development of Agri infrastructure projects
Features and Benefits
- Farmers, Primary Agricultural Credit Societies (PACS), Marketing Cooperative Societies, Farmer Producers Organisations (FPO), Self Help Group (SHG), Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups & Central/State agency or Local Body sponsored Public Private Partnership projects are eligible to avail this loan
- 3% Interest Subvention upto Rs.2.00 crore and 7 years
- Credit guarantee upto Rs.2.00 crore under CGTMSE scheme
- Benefits under AIF can be combined with other government subsidy schemes
Eligible projects
- Supply chain services including e-marketing platforms
- Warehouses
- Silos
- Pack houses
- Assaying units
- Sorting &grading units
- Cold chains
- Logistics facilities
- Primary processing centers
- Ripening Chambers
Security and Repayment tenor
| Primary Security | Hypothecation of entire current asset/assets created out of the facility |
| Collateral Security | 1. For limits up to Rs.2 Crore, collateral security is Nil. 2. Beyond Rs.2 Crore collateral securities will be required. |
| Repayment Period/Tenor | 84 months - EMI/NEMI excluding Holiday/Moratorium period |
| Limit | No maximum limit |
| Rate of Interest | 1. ≤ 200 lakhs – 9% 2. > 200 lakhs – One month MCLR + 0.65% |
