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Star Animal Husbandry Infra (SAHI)

Purpose

Dairy Processing and Value addition infrastructure, Meat Processing and Value addition infrastructure and Animal Feed Plant

Eligibility

Individual Entrepreneurs, Micro Small and Medium Enterprises, Private Companies, Farmer Producer Organization (FPO) and Companies established under Section 8.

Quantum of finance

Need based subject to technical and economic viability of the project.

Security

Primary-

The facilities shall be secured by way of first charge on the assets created out of our bank finance.

Collateral –

As per bank extant guidelines

Margin

Minimum 10% and maximum 25%.

Repayment

Term Loan:

Maximum period of 10 years (Including moratorium)

Working Capital:

On demand subject to annual review.

Rate of interest

MSME beneficiaries:

Rate of interest under the scheme will be linked to RBLR. ROI not to exceed at 200 basis points plus RBLR for the Eligible Entities as per MSME definition.

Other Projects:

For projects other than MSME, rate of interest as per agricultural advances of the bank will be applicable.

Interest Subvention

Interest Subvention of 3.00% will be available for all eligible entities will be provided under Animal Husbandry Infrastructure Fund by Central Govt. subject to the terms & conditions applicable to the scheme