For financing to Inland, Marine, Brackish water Fishery
Eligibility
Individual, SHG/JLG groups consisting of fish farmers, cooperative society, company or association of persons, partnership firms, proprietorship concerns.
Quantum of finance
Need based and as per NABARD/NHM/NHB/FFDA unit cost subject to technical and economic viability of the project.
Security
Upto Rs. 1.60 lakh-
Hypothecation of assets created out of bank finance.
Above Rs.1.60 lakh-
Primary: Hypothecation of assets created out of bank finance.
Collateral: As decided by bank from time to time OR as per Banks’ norms.
Margin
Upto Rs. 1.60 lakh- Nil
Above Rs.1.60 lakh- Minimum 15%
Repayment
Term Loan:
Maximum period of 10 years (Including moratorium) based on economic viability of project
Working Capital:
On demand subject to annual review.
Rate of interest
Interest Rates as decided by the Bank from time to time.
