Union Bank of India- Product

Search

Home You are here : path  Products path Personal path Construction Of Cold Storage

image    CONSTRUCTION OF COLD STORAGE

 

Features

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 click here to know our latest rate of interest
Repayment Period:-
Maximum 120 months with 18 months moratorium
Subsidy:-
Cold storage unit is eligible for subsidy of 25% of the project cost.

Forms & Documents

FAQs

 


union

union

  • Rewarded

    Rewarded

    Earn reward points on transactions made at POS and e-commerce outlets

  • Book your locker

    Book your locker

    Deposit lockers are available to keep your valuables in a stringent and safe environment

  • Financial Advice?

    Financial Advice?

    Connect to our financial advisors to seek assistance and meet set financial goals.

  • ATM & Branch Network

    ATM & Branch Network

    Find UBi Branches and ATMs in proximity to your location.