3 ACTIVITIES UNDER FOOD AND AGRO PROCESSING: 1. Fruits & Vegetable Processing Industry2. Food grain milling industry which includes, Rice Mills, Dal Mills, Oil Mills, Wheat,Flour and Suji Mills etc.3. Dairy Products such as milk powder, infant milk food, malted milk food, etc.4. Processing and refrigeration of poultry and eggs, meat and meat products5. Processing of fish (including canning and freezing)6. Establishment and servicing of the Development councils for food processingindustries.7. Technical Assistance and advice to food processing industry.8. Fishing and Fisheries beyond territorial waters.9. Industries relating to bread, oilseeds, meals(edible), breakfast foods, biscuits,confectionery (including cocoa processing and chocolate making), malt extract, proteinisolate, high protein food, weaning food and extruded food products (including otherready – to –eat foods)10. Specialized packing for food processing industries.11. Beer, including non alcoholic beer12. Alcoholic drinks from non molasses bases.13. Aerated waters/soft drinks and other processed food.
4 Scheme In Details: TARGET GROUP Dal Mills, Flour Mills, Suji Mills, Oil Mills, Rice Mills and other Food and Agro, Processing unit.ELIGIBILITY 1. Profit making existing units2. New Units.FACILITY:1. Working Capital Finance2. Term Loan for acquisition of machinery, factory building , formodernization,3. Packing credit can be allowed to Rice Shelling units who supply toexporters and for which separate stocks are earmarked subject to RBIguidelines and availability of ECGC cover.4. Non Fund Based Limit L/C and L/G for working Capital as well as forTerm Loan.
5 CLASSIFICATION OF ADVANCES Micro, Small and Medium Enterprises( Manufacturing Sector) under the definition of MSMED Act 2006Sector Investment in Plant and Machinery (Manufacturing)Micro Up to Rs.25 lacSmall >25 lac and up to Rs.5 croreMedium > Rs.5 crore and up to Rs.10 crore
6 RATE OF INTEREST:1.For Fund Based Working Capital and Term Loan up to Rs.100 lac = BR+0.50% (Base Rate-10.25%)2. ROI for loan above Rs.100 lac:2.1 Rate of interest will depend upon extent of collateral security available:(Agriculture Land cannot be taken as collateral security)2.2.Where the collateral security coverage is more than 100%, based on realisable value of security, ROI will be charged atflat rate of Base Rate + 50 Bps. ( Irrespective of Rating)
7 PROCESSING CHARGES Up to Rs.5 lacs - NIL Above Rs.5 lac to Rs.50 lac % of sanctioned limit( Minimum Rs.1250, Maximum Rs.12500)Above Rs.50 lac to Rs.100 lac % of sanctioned limit ( Minimum Rs.15000, Maximum Rs.30000)Above Rs.100 lac % of sanctioned Limit
8 SECURITY:1. Hypothecation of stocks and receivables and all assets created out ofUp to Rs.1 crore Minimum Collateral Security by way of Equitable mortgage of immovable property up to 50% of the limit sanctioned (FB+NFB)Above Rs.1 crore Equitable Mortgage of immovable property having market value not less than 50% of limit sanctioned (FB+NFB).