Seed Industry Loans : Scheme for Financing Seed Processors

Purpose: To extend financial assistance to the seed processors against their receivables due to them from the seed growers.

Seed processors / units
Enjoying good reputation & credit worthiness.
Holding a valid license from the concerned State Department of Industries for Installation of Seed Processing Plant.
Having valid certificate from Seed Certification Department.
Doing business for the last 3 years.
Having receivables from the farmers.
Who have posted profits during the past two years of operation are eligible to avail credit limits under the scheme.

Loan amount:
60 % of the value of the receivables. Minimum Rs 2.00 lacs. No upper limit

(1) Assignment/hypothecation of receivables from the farmers.
(2) Equitable mortgage of residential/ commercial property worth 1.5 times of the limit sanctioned belonging to either the applicant or the guarantor/span>

How to repay the loan:
Loan to be liquidated within a maximum period of 6 months for each crop season i.e., Rabi & kharif.

How to apply for this loan:
You may contact our nearest branch or even talk to the marketing officers visiting your village.

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