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.
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.
For More Details Visit: http://www.sbi.co.in/portal/web/agriculture-banking/