Farm Gate Processors
Purpose: To finance Primary Processors to make the payment in advance to the farmers for procuring agri commodities excluding agri allied commodities.
Eligibility: The applicant should be food processors/ agro processers/ agro harvester/ Primary processors etc. Shop & establishment certificate/APMC/Market license/GST Registration certificate/any other statutory registration certificate to be submitted along with application.
Type of facility: Overdraft (OD)
Target group: Individuals, Sole Proprietorship Firms, Partnership Firms/LLP, Pvt. Ltd. Companies, Public Limited Companies, etc.
Tenure of loan: 12 months subject to renewal.
Security
Primary: Hypothecation of Assets created out of Bank finance
Collateral: Adequate collateral coverage by means of mortgage of property
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S No
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Farm Gate Processors-Documents
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1
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Loan Application form (completely filled with photographs and signatures of Applicants and Guarantor)
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2
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KYC of Applicants and Guarantor (PAN + 1 OVD)
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3
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Photographs of primary processing unit
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4
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Details of collateral security
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