Food & Agro Processing Unit

Food & Agro Processing Unit

Scope of Finance

Wide range of post harvest processing – cleaning, grading, waxing, labeling, packing, re-packing, warehousing, canning, freezing, freeze drying etc.

Food processing industry contributes around 14% of manufacturing GDP and around 13% of India’s total food export.

More than 30% of fruits and vegetables are wasted due to lack of post harvest processing.

Objective

Financing new units and expansion/ renovation/ modernization processing units.

Target Group

Individual / Prop / Partnership / Companies / Cooperatives.

Rate of Interest

Upto 1 crore ( MCLR+1.15 )%

Repayment

Term loan 7 year including appropriate moratorium.

How to get this Loan

If you are interested in this loan then contact bank nearest to home or Village. This scheme is available in all Nationalized banks.

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