Purpose:
- Establishment and maintenance of floriculture units, nurseries and tissue culture units.
Eligibility*:
- Individual, Firm, Company, HUF, SHG etc.
Limit:
- Maximum loan amount/limit ₹ 200.00 lakh.
- Term loan –up to 85.00% of the total project cost.
- Overdraft - up to 75.00% of recurring cost of one operating cycle.
Period:
- Term loan -Maximum 9 years.
- Overdraft- One year.
Security:
- Hypothecation of flower crops / saplings/ plant materials / machineries / assets acquired out of Bank loan.
- Collateral security of properties equivalent to 100% of the loan amount/limit.
Repayment:
- Term loan- In Quarterly/half-yearly/yearly Installments.
Rate of interest:
As per EBLR Guidelines.
The above information is subject to terms and conditions.For more details, please contact the nearest Branch.
*Conditions Apply
