Agri Clinic & Agri Business Centers (ACABCs)
Overview
The bank grants term loans to Certified Agricultural or Allied Graduates like Horticulture, Forestry, Dairy Technology, Veterinary, and Fisheries, from a reputed Institute of State Government/Central Government for setting up ACs (Agri Clinics) and ABCs (Agri Business Centers).
Who is eligible for the Loan?
Graduates in Agriculture and allied activities trained by MANAGE recognized Training Institutes (MRTIs) intending to set up Agri Clinics and Agri Business Clinics.
Extent of Exposure
Individuals : Minimum Rs. 2 lakh and Maximum Rs. 10 lac
Group of Individuals : Minimum Rs. 2 lac and Maximum Rs. 10 lac per individual subject to an overall ceiling of Rs. 50 lac
Tenor
Tenor is for 5 to 10 years (including moratorium of a maximum of 2 years).
