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Objective
To meet financial needs
of commission agents/ Arthias dealing in crops, vegetables, fruits etc.
Nature of Facility
C.C./ O.D against book
debts/ receivables not older than 6 months and pertaining to the current
crop.
Period of Loan
To be liquidated twice
in a year or within one month of harvesting of the crop (Rabi/ Kharif).
Quantum of loan
Upto Rs.10.00 lacs
Margin
40%
Security required
Primary- Hyp. of book
debts.
Adequate tangible
collateral security having value atleast 1.5 times the amount of loan
sanctioned.
Rate of interest
11.50% p.a. with monthly
rests.
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