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Star Food and Agro Processing Industry (SFAPI)

Purpose

1) Fund Based Limits-

  • Demand Loan/Term loan for acquisition/construction of factory building and plant & machinery based on the project cost.
  • WC Limits/Export credit facilities for meeting working capital requirement.

2) Non Fund Based Limits (NFBL)- LC limit, BG Limits etc..

Eligibility

Finance to Individual including SHG/Farmers/JLG/FPOs, proprietorship firm / Partnership firms / Limited liability partnership / Private Limited Company/ Public limited companies etc, having an aggregate sanction limit upto Rs.100 Crore per borrower from the banking system

Quantum of finance

Minimum Limit: No cap

Maximum limit: upto Rs.100.00 Crore

Security

Primary- The facilities should be secured by way of first/ exclusive charge on the assets created out of bank finance.

Collateral –

  • a) Eligible activities with credit limit of upto Rs.2.00 crore will be covered under CGTMSE. In case, the limit is above Rs.2.00 crore, the sanctioning authority may sanction under hybrid model also.
  • b) In case, the borrower is eligible to be covered under CGTMSE, PM MUDRA Yojana, PMEGP, Stand up India, PM-FME or any other Govt. scheme, the loan may be considered as per the scheme norms.
  • c) Extant guidelines under the security norms will be applicable for credit facilities not covered by any guarantee cover/ scheme.

Margin

Stocks- 15% to 25%.

Book Debts-25% to 40%.

Plant and machinery/ Land and building -15% to 25%.

NFBL- 15% (Minimum)

Repayment

Term Loan: Maximum period of 10 years (Including moratorium)

Working Capital: On demand subject to annual review.

Rate of interest

Interest Rates as decided by the Bank from time to time.