BOC Sasheeka Scheme II

BOC Sashreeka – Introduced under Financial Assistance for Development of Priority Sectors Micro, Small and Medium Enterprises

 

Micro, Small and Medium Enterprise engage in organic fertilizers, weedicide and pesticide local manufacturing and value addition

 

Maximum Loan Amount and Interest Rate

For Local Manufacturing Maximum Rs. 200 Mn per borrower

For Investment

Maximum Loan Amount

Repayment Period (Years)

ROI p.a.

 
 

Up to Rs. 0.5 Mn

5

6.50%

 

Up to Rs. 10 Mn

7

7.50%

 

Rs. 10 Mn – Rs. 25 Mn

7

8.00%

 

Above Rs. 25 Mn

7

Refer Branch

 

Up to Rs. 10 Mn

7-10

8.25%

 

Rs. 10 Mn – Rs. 25 Mn

7-10

8.50%

 

Above Rs. 25 Mn

Up to 10

Refer Branch

 

 

For Working Capital

Maximum Loan Amount

Repayment Period (Years)

ROI p.a.

 
 

Up to Rs. 0.5 Mn

3

6.50%

 

Up to Rs. 10 Mn

3

7.50%

 

Rs. 10 Mn.– Rs. 25 Mn

3

8.00%

 

Above Rs. 25 Mn

3

Refer Branch

 

 

 

Customer Contribution

Minimum 25%

 

Repayment Period and Grace Period

Maximum of 6 months

 

Special Requirements

  • Comprehensive project proposal

  • Financial feasibility of a project
    a.) Repayment capacity of the borrower
    b.) Sufficiency of income and increment of net income to pay the installment of loan
    c.) Budget estimates
    d.) Cash flow statements.
    e.) Actual Working Capital Requirement

  • Satisfactory CRIB and DRU records.

  • Manufacturers of fertilize – Certification from National Fertilizer Secretariat.

  • Manufacturers of pesticide and herbicides - Certification from the Department of Agriculture.

  • Initial Environmental Examination (IEE) / Environmental Protection License (EPL)

  • Legal clearances

  • All other relevant documents

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