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AGRI-GST SCHEME

To provide financial assistance for GST registered units to meet its operational costs requirements like procurement of raw materials, labour, transportation, electricity and other recurring expenses.

  • Individuals, Groups, Co-operatives, Companies, Corporations, Partnership and Proprietary firms, Agricultural Produce Marketing Committees/Boards, Agro processing corporations, SHGs, JLGs, Federations, FPOs/FPCs, Marketing Boards and Growers’ Associations etc.
  • New customers with minimum business operation of 6 months and existing customers shall be brought under the scheme.
  • GST Return of minimum for the past six months.
  • At least 75% of turnover reflected in GST return should have been routed through the Bank account.
  • The Scheme shall be applicable for Moderate and better rated customers only.
  • GST registered vendor with no obligation to pay the GST as per Government guidelines are not eligible under this scheme.

Margin NIL
Security
  • Assets created out of Bank Finance.
  • Collateral Security value shall be minimum 75% of the loan amount in the form of-
  • 1. Mortgage of immovable properties Land/Land & Building (commercial or residential or both).

    2. Other Approved Collaterals such as Assignable LI policies, LIC Policy, NSC, Post Office Term Deposits, Govt. Securities, Kissan Vikas Patras (KVP) and Term Deposits in Our Bank for the proposals to be considered.

Tenability One Year
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