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Rural & Agri  Long Term Credit  Construction Of Cold Storage
Link To: Farm Mechanization
Construction Of Cold Storage
FeaturesForms & DocumentsFAQs
 
SCHEME FOR FINANCING CONSTRUCTION OF COLD STORAGES/ GODOWNS
 
PURPOSE BEHIND SCHEME FOR FINANCING CONSTRUCTION OF COLD STORAGES /GODOWNS:-
 
  • To meet the production, investment, and consumption needs of the farmer, i.e. cultivation of crop, purchase of farm equipment, etc., allied activities and consumption needs like marriage, medical treatment, education, etc.
  • To cover farmers having proven track record and also new farmers who are either not availing any loan or if availing finance from some other Bank, can be taken over if the repayment record is clean and their existing loan account is standard asset. Alternatively they can close their account with their existing Banks and switch over to us.
 
Eligibility:-
 
All Co-Operatives, Companies, Corporations, Partnership and Proprietary Firms, Agriculture Produce Marketing Committees/Boards, Agro Industries Corporations and Growers' Associations, Individuals.
 
Quantum of loan:-
 
50% of the project cost may be considered as term loan. The eligible amount of subsidy also would be allowed as term loan as the subsidy is back ended.
 
Margin:-
 
25% of the project cost to be contributed by the applicant.
 
Rate of Interest And Processing charges:-
 
Please contact the nearest Union Bank branch for details
 
Repayment Period:-
 
Up to 11 years including grace period of one year. First installment will fall due after 23 months from the first disbursement.
 
Subsidy:-
 
Cold storage unit is eligible for subsidy of 25% of the project cost subject to a maximum of Rs.50 lakhs. However, for the project situated in North Eastern States, maximum subsidy would be Rs.60 lakhs (33.33% of the project cost).
I Anup Kumar Das, Son of Late Jiban Krishna Das, residing at Vill.- Paschim Nandabhanga, P.O.- Bakhrahat, P.S.- Bishnupur, Dist.- South 24-Parganas, West Bengal
Link To: Union White Card
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