Asset Financing

This is intended to finance purchase of assets for facilitating agriculture mechanization i.e. tractors, harvesters, planters, irrigation equipment’s, agriculture value addition machines and equipment’s, post-harvest management equipment’s/ technology and other asset finance needs intended to increase productivity, value addition and marketing.

The loan is payable depending on the repayment plan, project cash ow, and based on loan category i.e. short term loan, medium term loan or long term loan. Repayment of the loan is in installments and based on the payback period

PURPOSE OF THE LOAN

To finance purchase of agricultural assets like Purchase of tractors, planters, harvesters, equipment’s & machinery, Purchase of Post-harvest management technology (Silos, Purchase of vehicles / trucks, Irrigation equipment(Sprinklers, Drip irrigation kits, pivot systems), Purchase of shing boats and equipment’s.

TARGET MARKET

SHF’s, Organisations, SME’s, livestock keepers, Aggregators, Fishing organization.Associations (ROSCAs)

LOAN AMOUNT

Loan amount for term loan should not exceed 75% of the project costs.

Note: All term loans to be based on the viability of the project finance business proposal from the borrowers

REPAYMENT TERMS

To be paid in instalments(monthly, quarterly or semi-annually) inclusive principle and interest based on cashow realization

GRACE PERIOD

Maximum 1 years

TIME DURATION

1 year