Unnati Cluster Finance (UCF) Scheme

Purpose: To Provide Loan to Food & Agro-Based Industries and Agriculture Infrastructure Projects.
Type of Facility: 

• Fund Based:
  • Term Loan
  •  Cash Credit
• Non-Fund Based:
  • Bank Guarantee

Interest Rate: Upto Rs. 25.00 Lakh:  Base Rate + 1.25%
                              Above Rs. 25.00 Lakh: Base Rate +0.25 %

Eligibility: All New & Existing units involved in Food and Agro Based Industries.
Limit & Repayment

• Limit: Above Rs.10.00 Lakh up to Rs.100.00 Crores
• Repayment: Maximum period upto 10 Years (Including maximum moratorium Period 24 Months)

Security: 

• Primary Security: Hypothecation / Mortgage of asset created out of Bank finance.
• Collateral Security:
  • For Existing Borrowers: Minimum 40% Collateral Security of the total exposure i.e. existing plus enhanced combined.
  • For New Borrowers: Minimum 50% Collateral Security of the total exposure