Objective: - 1. To extend finance for horticultural projects.
2. To provide
financial assistance to infrastructure development in horticultural activities.
All individuals, farmers, Group of Farmers, SHGs, Companies and partnership
Firms who are interested in running Horticultural projects approved by NHB.
Type Of Advance: -
Rate of Interest: -
As per Bank instructions. Presently as given below:-
Up to Rs
2.5% below PLR
and up to Rs 2,00,000.00
1.5% below PLR
1.00 % below PLR
- As per project report
submitted by borrower.
Minimum:- (1) 25% of project cost for project up to 30 lac.
40% of project cost for
the project cost more then 30 lac.
No upper limit fixed for the projects
(1) Primary security with Registered mortgage of Ag. Land on which activity
carried out for
(3) Personal Guarantee of two persons with sufficient worth.
Repayment in Maximum 10 years.
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